"Major Shift in the Auto Industry: Manufacturers Crack Down on Brokered Deals In a move that is set to have far-reaching implications for the automotive sector, financial services companies affiliated with three major Japanese car manufacturers - Lexus, Mazda, and Toyota - have sent warning letters to dealerships across the country. The letters, which have been confirmed by multiple sources, make it clear that these companies will no longer be providing financing for brokered deals, a practice that has long been a contentious issue in the industry. Brokered deals involve third-party middlemen who facilitate the sale of vehicles, often at inflated prices, and have been criticized for taking advantage of unsuspecting consumers. With this new policy, dealerships will be forced to adapt to a more direct sales model, potentially leading to changes in the way cars are priced and sold."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
