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Toyota's financial arm, Toyota Motor Credit Corporation, is suing a Connecticut dealership for $5.1 million over several alleged missing vehicles.
Toyota Motor Credit Corporation is suing a Connecticut dealership for $5.1 million in missing vehicles.
KEY POINTS
- A March 2026 audit discovered 16 vehicles worth $1.4 million unaccounted for at the dealership.
- Toyota Credit alleges vehicles were sold or transferred without first repaying the creditor as required.
- The lawsuit seeks injunctive relief to prevent the dealership from moving or selling remaining Toyota-financed inventory.
- Toyota Credit is also requesting court-ordered possession of its remaining collateral on the dealership's lot.
COMPANIES
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