Major Automakers Crack Down on Brokers: A Shift in the Car Buying Landscape In a move that could significantly impact the secondary car market, financial services companies representing three major Japanese automakers - Lexus, Mazda, and Toyota - have sent warning letters to dealerships across the country. The letters, which have been obtained by our sources, explicitly state that the companies will no longer be financing purchases made through brokered deals. This decision is expected to have far-reaching consequences for car buyers, brokers, and dealerships alike, as it could limit access to financing for those who rely on third-party intermediaries to secure loans. As the auto industry continues to evolve, this development raises questions about the future of the car buying process and the role of brokers in it.
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
