#Floorplan
Playing With Numbers: Texas Dealer Accused of Major Fraud
The Reagor Dykes Auto Group was formed in 2006 after Bart Reagor, shown above, teamed up with a business partner to create a company that now eclipses half a billion dollars in annual sales. This is accomplished through a myriad of manufacturer franchises ranging from Ford to Chevy to Toyota, not to mention its dozen or so rooftops dealing solely in used cars.
Now, the company is facing allegations of major financial chicanery. In court documents filed last week, Ford Motor Company accuses Reagor Dykes of running one of the “largest floor-plan financing frauds in the history of the United States.”
Matthew Guy
Aug 13, 2018
67
GM Eying Return To Captive Finance?
Three years after spinning off GMAC, with which it pioneered captive auto financing, General Motors may be considering a return to in-house finance. Bloomber…
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Edward Niedermeyer
May 11, 2010
17
Chrysler Dealers Appeal to Marchionne in GMAC Dispute
“I don’t see anyone bleeding to death,” Sergio Marchionne told reporters and analysts a week ago, when asked what he thought of Chrysler&rs…
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Edward Niedermeyer
Nov 12, 2009
8
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