"Automakers Take Stand Against Dealer Brokering: Major Financial Services Companies Make Shocking Announcement In a move that could have far-reaching implications for the automotive industry, financial services companies affiliated with Lexus, Mazda, and Toyota have sent stern warnings to dealerships that they will no longer be making purchases for brokered deals. The letters, which have been sent to dealers across the country, signal a significant shift in the companies' policies and could potentially cut off a lucrative revenue stream for dealers who engage in the practice of brokering. Brokering involves dealers selling cars to other dealers or third-party companies at inflated prices, often without the knowledge of the vehicle's original buyer. As a result, this move could be a major blow to dealerships that have come to rely on these deals for profit."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
