A $60 million settlement agreed to by Toyota Financial Services following charges of noncompliant F&I product sales has been canceled by the U.S. Consumer Financial Protection Bureau. +
Southeast Toyota Finance’s Casey Gunnell Jr. will succeed the retired Bill Shope as president while Charles Gruszczynski and Michael Hollis have been promoted to group vice president. +
Experian reports the average amount financed in a U.S. new vehicle transaction was $41,572 in the fourth quarter, a 2.6% increase, but with a slightly lower average monthly payment of $600. +
