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August 16, 2017 - Industry News

'Total Loss Protection' at Center of NY Dealer's $298K Settlement With State AG

New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,000 in restitution and penalties to settle charges relating to the dealership’s “Total Loss Protection” theft-deterrent program. Photo courtesy New York State Office of the Attorney General

The office of New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,211 in restitution, penalties and fees to settle claims the dealership charged hundreds of car buyers thousands of dollars for an ‘unwanted and bogus’ theft-deterrent product.

Tags: compliance, Eric T Schneiderman, Etch, F&I products, New York, Nissan of New Rochelle, payment packing, Total Loss Protection

April 25, 2017 - Industry News

New York AG Announces Settlement With 104 Dealers Over Recalls

New York State Attorney General Eric Schniederman

An investigation by the state regulator found hundreds of vehicles were sold with serious safety recall issues, including unintended acceleration, airbag problems, vehicle fires, steering and break lost, among other issues.

Tags: compliance, Eric Schneiderman, New York, used-vehicle sales, vehicle recall

December 8, 2016 - Industry News

New York AG Settles Two Payment Packing Suits for $1.6 Million

Attorney General Eric T. Schneiderman’s crackdown on payment packing continues. Last week, the New York regulator announced settlements with SG Hyland Motors Corp. of Staten Island and Best Auto Outlet of Floral Park, which will collectively pay $1.6 million in restitution to more than 2,300 victims of their alleged deceptive sales tactics.

Tags: Attorney General, Eric T Schneiderman, Lawsuit, New York, Settlement

October 11, 2016 - Industry News

New York Increases Surety Bond Amount for the State's Used-Vehicle Dealers

Under the new law, used-car dealers who sold fewer than 50 cars in the previous calendar year will be required to purchase a $20,000 surety bond. Dealers who sold more than 50 cars will be required to purchase a $100,000 bond. Additionally, new dealer license applicants will need to post the $20,000 surety bond.

Tags: Assembly Bill, Law, New York, Surety Bond

April 21, 2016 - Industry News

Four N.Y. Dealers Ordered to Pay Nearly $2 Million to Settle Payment Packing Charges

New York Attorney General Eric T. Schneiderman’s initiative to end dealer “jamming,” or payment packing, has resulted in four separate settlements with four dealer groups. They agreed to return nearly $2 million in restitution to nearly 5,000 consumers and $174,000 in penalties and costs to the state.

Tags: Attorney General, Dealer Groups, Deceptive Practices, New York, Settlements

July 14, 2015 - Industry News

N.Y. AG Announces Two Actions Against Dealers

New York Attorney General Eric T. Schneiderman announced two separate actions this week against a 22-store dealer group and a Hyundai dealership, both related to deceptive advertising practices.

Tags: Attorney General, compliance, Deceptive Advertising, New York, Settlement

June 9, 2015 - Industry News

N.Y. AG Goes After Dealer for Payment Packing

After three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena issued by the AG’s office in March. The dealer group is accused of “jamming” credit repair contracts into vehicle sales and leases.

Tags: Attorney General, F&I products, New York, payment packing, subpoena

March 24, 2015 - Industry News

N.Y. Dealer Pleads Guilty to Felony Tax Charges

The owner of a dealership in New York pled guilty last week to five felony charges and will serve up to one year in jail for failing to file sales tax and personal income tax returns.

Tags: Attorney General, compliance, guilty, New York, sales tax evasion

March 10, 2015 - Industry News

Mass Action Suit Filed Against TrueCar

The law firm of Bellavia Blatt & Crossett has filed a mass action lawsuit against TrueCar, claiming that the lead provider’s business practices constitute false advertising.

Tags: Bellavia Blatt, Lawsuit, Leonard Bellavia, New York, TrueCar

December 30, 2014 - Industry News

N.Y. Shuts Down Subprime Auto Lender

Condor Capital must pay an estimated $8 million in restitution to harmed customers, a $3 million penalty and admit violations of the Dodd-Frank Act and New York state law. The lender will also surrender its licenses in all states.

Tags: compliance, Dodd-Frank Act, Lawsuit, New York, Settlement, subprime, Subprime Financing

November 6, 2014 - Industry News

N.Y. Dealer Convicted of Money Laundering

The owner of Finish Line Auto Sales was convicted by a federal jury this week of money laundering for helping drug dealers purchase high end used cars with cash.

Tags: money laundering, New York

September 23, 2014 - Industry News

Cadillac Becomes Separate Business Unit

General Motors has announced a strategic realignment that will establish Cadillac as a separate business unit. In addition, the new Cadillac organization will expand to New York with a new global headquarters opening in 2015.

Tags: Cadillac, General Motors, New York

August 19, 2014 - Industry News

N.Y. Dealer to Pay $27K for Bogus Customer Fees

An investigation of a Toyota dealership in Kingston found that 27 customers were charged an additional undisclosed $650 fee when they purchased their vehicle at the end of the lease. No additional services were provided for payment of this fee.

Tags: Attorney General, fee, Investigation, New York, Settlement

August 7, 2014 - Industry News

NYC Imposes Strict Rule for Used-Car Sales

The city’s Consumer Affairs Department is warning dealers it will issue violations or revoke their licenses to operate if they do not notify consumers who purchased vehicle with unrepaired recall issues.

Tags: compliance, New York, used car sales, vehicle recall

June 19, 2014 - Industry News

Tesla Makes Strides on East Coast

This week, New York Governor Cuomo signed a pro-Tesla bill into law. The New Jersey Assembly also voted to allow manufacturers to directly sell zero-emissions vehicles to consumers.

Tags: Electric Vehicles, legislation, New Jersey, New York, Tesla Motors

May 6, 2014 - Industry News

N.Y. Dealer Charged With Stealing Sales Tax

The owner of a dealership in New York has been indicted for allegedly stealing more than $50,000 in sales tax on vehicles he sold. He pleaded not guilty to the charges.

Tags: Attorney General, fraud, New York, sales tax

April 3, 2014 - Industry News

N.Y. Dealer Shut Down For Defrauding Customers

A dealership that accepted trade-ins with remaining loan balances and then failed to pay off those balances before reselling the cars to unwitting consumers was ordered to permanently close. The owner is prohibited from ever operating a car dealership in the state.

Tags: Attorney General, electronic lien and titles, fraud, New York, trade-in vehicles

April 1, 2014 - Industry News

New York Dealers, Tesla Reach Agreement

Under the agreement, Tesla will be able to continue operating its five licensed retail locations in the state. Additional locations will be established under a strengthened dealer franchise law.

Tags: legislation, New York, Tesla, Tesla Motors

March 25, 2014 - Industry News

N.Y. Attorney General Settles With 6 Dealers for Deceptive Ads

As part of the settlement, the six dealerships must reform their advertising practices and pay fines of up to $15,000. A seventh dealer was served with a statutory notice of the attorney general’s intention to file a lawsuit.

Tags: Attorney General, Deceptive Advertising, Deceptive Practices, New York, rebates

November 14, 2013 - Industry News

N.Y. Regulator Reaches $135K Settlement With Dealer

The dealership will pay more than $86,000 to customers who were charged a bogus administrative fee when purchasing a used vehicle, in addition to $50,000 in penalties to the state.

Tags: Attorney General, Deceptive Advertising, fine, fraud, New York, used vehicles

November 5, 2013 - Industry News

Auto/Mate Makes Albany Business Review's “Best Places to Work” List

This marks the fourth consecutive year that Auto/Mate was named by the Albany Business Review as one of the “Best Places to Work.”

Tags: Albany Business Review, Auto/Mate, Best Places to Work, employment, New York

October 8, 2013 - Industry News

NYC New-Car Dealers Create Jobs, Drive $27.1 Billion Into Local Economy

The New Economic Impact Study shows dealers are responsible for 58,000 jobs, and for collecting $1.83 billion in taxes for state and local governments.

Tags: Dealership, job growth, New York

June 4, 2013 - Industry News

NY Car Dealer Accused of Drug-Trafficking Scheme

A car dealer in NY has been charged with allowing his property to be used as a drug distribution center. According to WKTV News in Utica, the dealer laundered funds for drug dealers by selling and buying of vehicles.

Tags: car dealer, conspiracy, distribution, drug-trafficking, New York

April 9, 2013 - Industry News

N.Y. Dealership to Pay $25K for Deceptive Ads

An investigation by the New York state attorney general found that Rockland Nissan misled customers regarding lease terms and purchase agreements.

Tags: Attorney General, false advertisements, New York, Nissan

January 4, 2013 - Industry News

Tesla Wins Lawsuit in Massachusetts

Judge dismisses lawsuit filed by Massachusetts State Automobile Dealers Association against Tesla Motors, says dealers failed to state a claim.

Tags: Franchised Dealerships, Lawsuit, Massachusetts, MSADA, New York, Tesla Motors

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