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Future Car Sales Concern Dealers | Giga Gears
Car dealers are terrified of direct sales. They see protecting the franchise sales model as paramount. I mean, how else are they going to charge for crap you don’t need and try to force you into financing their bonuses plus the price of the car for 84 months? Skipping the middle man is such a threat to their bottom…
“High Costs of EVs Despite Discounts | Giga Gears”
Electric vehicles are seeing huge discounts right now, but those new lower prices are still not enough to get folks to, y’know, buy them. Now, an ever-more-bloated EV inventory is pushing automakers and dealers to slash prices even further. Five-figure price discounts are no longer out of the question.
“Lincoln Dealers Struggling with Over 33,000 Unsold 2022, 2023 Models”
Lincoln dealers have a big problem. Aside from having just four models to sell, dealers have a bunch of cars from one and two model years ago that they haven’t been able to move. As Automotive News reports, this means Lincoln dealers have some of the highest inventory levels in the industry. This also means that there…
Dealers’ Victory: Feds Temporarily Retreat on Shady Junk Fee Ban
Junk fees plague industries like hotels and airlines and end up costing consumers billions every year in add ons, “administrative fees” and other overpriced nonsense. The fees really come out of the woodwork at car dealerships, it seems. While it was enough of a problem for the federal government to take notice,…
Car Dealers Face Tougher Regulations Against Scams | Giga Gears
The Federal Trade Commission has announced new regulations, called the Combating Auto Retail Scams Rule, that are meant to stop car dealers from screwing customers with hidden fees and other bait-and-switch pricing tactics. Oh, happy days!