Federal regulators continued their crackdown on not-so-upfront “buy-here, pay-here” auto dealers today, ordering a Colorado-based dealer to pay nearly $1 million in restitution and fines for operating an abusive financing scheme. [More]
It should come as no surprise to people with any common sense that fuel-conserving hybrid cars were very popular when gas prices were high last decade, but aren’t as popular now that gas prices are closer to $2 per gallon than $4. The premium that customers must pay for a hybrid vehicle offsets the fuel savings nicely when gas prices are high, but takes longer to recoup when they fall. [More]
For anyone growing up in California, it’s likely that you saw used-car impresario Cal Worthington and his dog Spot imploring shoppers to “Go see Cal.” And if you didn’t, your local salesman probably lifted a few tips from him. One of the most famous, wackiest of wacky car commercial salesmen, Worthington passed away on Sunday at age 92, prompting an outpouring of nostalgic tributes. Whether or not you ever went to see Cal, here are seven reasons never to forget him. [More]
When buying a new car, should you trade your old one in or see how much you can get on the open market? The conventional wisdom is that you get more money on your own, but meeting with buyers and doing paperwork is a hassle you may not want to bother with. Also consider the tax advantages in some states if you trade in at the same dealer where you buy your new car. [Consumer Reports]
Japan’s March tsunami and earthquake sent automobile production and sales into a tailspin that the industry has only recently started to recover from. Analysts project U.S. car sales increased 9 percent this month from September 2010, lifting car sales from their lowest per capita levels since World War II.
Effective car salesmen have a sizable bag of tricks from which to draw when moving in for the kill. To avoid falling prey to the ruses, you need to know how to spot them.
When gas hit $4 a gallon in 2008, Detroit’s Big Three auto makers took it on the chin as American demand for big, fuel-thirsty SUVs and trucks suddenly disappeared. But even with gas prices again hovering north of $4, American car companies are whistling a much happier tune–all the way to the bank.
Americans only bought just under 1 million new cars last month, which is the weakest August since the 993,100 sold in 1983. This figure looks extra weak in comparison to last August, when the Cash for Clunkers program was in full force. Now, the business is quite different.
The Better Busines Bureau warns against flim-flam folks who pretend to sell cars, posing with websites with syntax close to the names of reputable dealers. These guys aim to take you for a ride all right.
Carl spent some time selling Kias at a dealership in Colorado, and has written in with a few insights about Kia, selling cars, and some buying strategies for you. Some highlights: