Former Honor Finance CEO James Collins has been sentenced to four years in federal prison and restitution totaling $67 million after pleading guilty in two bank fraud cases. +
Hyundai Motor America has been ordered to pay a multimillion-dollar award to Universal Hyundai of Orlando, Fla., for breaching Universal’s franchise agreement as well as Florida’s Dealer Act. +
The FTC announced checks totaling more than $934,000 have been sent to 20,361 Vroom customers harmed by violations of rules and regulations intended to protect used car buyers.+
DealNow’s Brad Parker says platforms that connect dealers with sellers of privately owned vehicles need built-in identity verification and fraud prevention tools to avoid costly mistakes. +
700Credit’s Ken Hill warns dealers who utilize digital deal jackets that, without modernization of certain processes and safeguards, customer data may be at risk. +
Agent Summit will host the first ACE Trainer certification, a private event open to ACE-partnered agents and trainers who have earned ACE Compliance Officer certification. +
Citing plateauing sales and the imminent loss of federal tax credits, dealers tell the New York Post that Gov. Kathy Hochul’s goal of a zero-emissions new vehicle market by 2035 is “an unrealistic bust.” +
Former dealer and newly elected U.S. Sen. Bernie Moreno’s Transportation Freedom Act would revise and standardize fuel economy standards and offer tax savings to domestic manufacturers. +
Agent Summit will host the first ACE Trainer certification, a private event open to ACE-partnered agents and trainers who have earned ACE Compliance Officer certification. +
The South Carolina Consumer Freedom Act has stalled following a subcommittee hearing, a setback for Scout Motors’ campaign to sell directly to consumers in the state where its EVs will be built. +
