"Major Auto Brands Cut Ties with Brokers: A Shift in the Used Car Market In a move that could significantly impact the used car industry, financial services companies representing top brands Lexus, Mazda, and Toyota have sent a stern warning to dealerships: stop doing business with brokers. The letters, sent to dealerships nationwide, make it clear that the companies will no longer finance purchases made through brokered deals. This drastic change could have far-reaching consequences for dealerships that have long relied on brokers to source and finance used vehicles. As the auto industry continues to navigate the complexities of the used car market, this sudden shift in policy raises questions about the future of brokered deals and the potential impact on consumers."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
