A judge found in favor of Stellantis Financial Services after the owners of an Iowa group failed to respond to a civil complaint over an alleged double flooring scheme. +
Subaru announced plans to form a new captive finance company that will offer loans, leases and floorplan financing to U.S. and Canadian dealers. The factory will extend partnerships with Chase and Toyota to facilitate the transition. +
The judge presiding over a $1.5 million lawsuit against a Massachusetts Nissan dealership approved Nissan Motor Acceptance’s request for daily sales reports. +
The owners of Stephen Cadillac GMC and Stephen Toyota must pay Toyota Motor Credit $5 million or face the seizure of their land and dealerships. +
The owners of Eastern Iowa’s Sky Auto Mall are accused of double flooring in a lawsuit that seeks $12.3 million in compensatory damages and the seizure of financed units. +
Automotive News’s John Huetter details the myriad benefits President Donald Trump’s One Big Beautiful Bill brings to dealership owners, starting with “bonus” depreciation for floorplanned units. +
Infiniti of Englewood attorneys say an out-of-trust lawsuit filed by Nissan against the dealership is “an attempt to strong-arm” ownership as it negotiates a floorplan financing agreement. +
Nissan will tie all dealer compensation to new vehicle sales targets starting June 3, dispensing with its current 20-metric program and standardizing spiffs, according to an Automotive News report. +
The former owner of Mitch Simpson Motors was sentenced to 41 months in federal prison after being convicted of stealing $3 million from three floorplan lenders. +
Dealers tell Automotive News they face new challenges as floorplan loan approvals decline under stricter lending conditions. +
