"Major Auto Brands Cut Ties with Brokers: A Shift in the Used Car Market In a surprise move, financial services companies representing three of Japan's most iconic automakers - Lexus, Mazda, and Toyota - have sent warning letters to dealerships, effectively cutting off funding for brokered deals. The decision, which is set to take effect immediately, will have far-reaching consequences for the used car market, where brokered deals often provide a vital lifeline for dealers looking to purchase and resell vehicles. As a result, dealers may struggle to acquire the inventory they need to meet customer demand, potentially leading to a shortage of used cars on the market. The exact reasons behind this sudden shift in policy are unclear, but industry insiders are speculating that it may be an effort to crack down on price gouging and ensure a more level playing field for dealers."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
