"Auto Industry Shake-Up: Major Car Manufacturers Crack Down on Brokered Deals In a move that's sending shockwaves through the automotive industry, financial services companies representing three major car brands - Lexus, Mazda, and Toyota - have issued stern warnings to dealerships. According to letters sent to dealers, the companies will no longer be purchasing vehicles through brokered deals, a common practice where dealers sell cars to middlemen who then resell them to consumers at a higher price. This sudden change is expected to have significant implications for dealerships that have relied on brokered deals to move inventory, and could potentially disrupt the entire supply chain. As the auto industry continues to navigate the challenges of a rapidly changing market, this development is likely to be closely watched by industry insiders and consumers alike."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
