The 2% Fee That Cost a Dealer Group $1.9M, Stellantis Caps Ad Prices (09.21.26)

A 2% sales commission cost a luxury dealer group $1.9 million, Stellantis limits how low its dealers can advertise, and Kerrigan Advisors reads the Q2 buy-sell market. Jim and Bridget Fitzpatrick are joined by Paul J. Daly, Founder and CEO of ASOTU, Kyle Mountsier, Partner and COO of ASOTU, and Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. Weekdays at 12:00 PM ET. TODAY'S HEADLINES - Two DARCARS stores in Mt. Kisco, N.Y., will pay at least $1.9 million to settle allegations over a 2% sales commission and a $2,495 F&I package. DARCARS neither admitted nor denied the allegations. (New York Attorney General) - Stellantis is introducing a minimum advertised pricing policy. Dealers can still sell below it, they just cannot advertise the lower price. (The Wall Street Journal) - Toyota estimates robotics and automation could cost about $6.4 billion a year starting in 2028, with roughly 400,000 robots across Toyota, its group companies and major suppliers. (Reuters) - David Spisak, CEO of Disruptive Growth Solutions, warns dealers against buying AI tools without a clear problem to solve, an employee AI policy and a vendor review. GUESTS - Paul J. Daly, Founder and CEO, and Kyle Mountsier, Partner and COO, ASOTU. ASOTU CON West brings 200 dealers to Los Angeles for one day on November 18, with no expo hall. - Erin Kerrigan, Founder and Managing Director, Kerrigan Advisors. The second-quarter Blue Sky Report and what is driving the dealership buy-sell market. THIS WEEK'S SPONSOR Capital One, Navigator Platform: https://www.capitalone.com/cars/auto-financing/dealer/ CONNECT WITH CBT NEWS Website: www.cbtnews.com Instagram: www.instagram.com/carbiztoday/https://www.youtube.com/redirect?event=video_description&redir_token=QUZZTVljRjF1dGN2UnpZZXBaMGo0SUFqZXNSTXxBTl9pYzRmZ1d0VnNRMk1KV3dYYWNEYUJ0bDE1ZmtLYnE2ZDVqS1lhNkhKM0VxYXZxOFdZTF9EQUVZd0FrM2dpdldvYlBFQWticjFzTjlvWVU0a1dpVTE4MmFZSXR0d1ljYkJu&q=https%3A%2F%2Fwww.instagram.com%2Fcarbiztoday%2F&v=lVgC_vHzZ-0 Facebook: www.facebook.com/CarBizToday/ LinkedIn: www.linkedin.com/company/cbt-news/posts/ TikTok: www.tiktok.com/@carbiztoday X: https://x.com/CarBizToday