Dealer Charged With 30 Felonies
MEBANE, N.C. —A car dealer has been charged with more than 30 felony counts related to the sale of seven vehicles, WXII12.com reports. Lance Cameron McPeak allegedly collected more than $180,000 from five finance sources — Auto Use, Nextgear Capital, Metrolina Credit Co., the State Employees Credit Union and Truliant Federal Credit Union — for ... Read More »
MEBANE, N.C. —A car dealer has been charged with more than 30 felony counts related to the sale of seven vehicles, WXII12.com reports.
Lance Cameron McPeak allegedly collected more than $180,000 from five finance sources — Auto Use, Nextgear Capital, Metrolina Credit Co., the State Employees Credit Union and Truliant Federal Credit Union — for transactions on seven vehicles, but kept the money for himself. He also obtained more than $18,000 from seven customers but did not use the money for those vehicles.
To read the full story, click here.
More Industry

Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →