U.S. Attorney Braden Boucek announced prison sentences and restitution orders for former Auto Masters owner Mark Janbakhsh and three others convicted on federal fraud charges. +
Carfax reports more than 2.45 million U.S.-registered vehicles have rolled-back odometers, an increase of 14% from 2024, led by California’s 532,200 units. +
Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted in a bank fraud conspiracy involving his brother, inflated inventory and unearned lines of credit. +
Lithia Motors has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. +
Jim Keras Automotive Group has been reunited with its former Buick franchise after purchasing Sunrise Buick GMC Covington Pike from Sunrise Auto. +
