"Major Automotive Brands Crack Down on Brokered Deals: In a move that could significantly impact the used car market, financial services companies representing some of Japan's most iconic automobile brands have sent stern warnings to dealers. Lexus, Mazda, and Toyota have all instructed their dealerships that they will no longer be purchasing vehicles through brokered deals, a practice that has long been a staple of the industry. The move is seen as a bid to curb the growing trend of vehicles being sold multiple times before reaching end-users, often resulting in inflated prices and potential safety risks. As the automotive world grapples with the implications of this decision, one thing is clear: the rules of the road are about to change."
Financial services companies representing Lexus, Mazda and Toyota sent letters to dealers warning that there will be no more purchases for brokered deals.
