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Direct-to-Consumer EV Sales: Manufacturers Step In as Dealers Resist | Giga Gears
A lot of car dealers don’t have much interest in selling EVs; some are politically opposed to the idea on its face, some just don’t want to make the massive investment their brands are demanding to update their stores to EV readiness and some are just philosophically opposed to learning anything about products and…
FTC Rule: Car Dealers Get Special Exception to Continue Ripping Off Customers
The Federal Trade Commission may be excluding car dealerships from its plans to ban junk fees if provisions in a reportedly controversial set of proposed rules targeting dealerships are finalized. According to Automotive News, the FTC’s plan would ban businesses from charging hidden and misleading fees and require…
Dealers Concerned as Buyers Utilize EV Tax Credit for Down Payment | Giga Gears
Dealers are starting to sweat. Starting next year buyers will be able to apply the EV Tax credit directly to the sale price of an EV. But as Automotive News reports, dealers are worried the government won’t pay them back in a timely manner.
$3M Auto Theft Ring Busted: Flaunting Money and Cars on Social Media
One thing we can thank modern technology for is just how dumb it’s made people that commit crimes. I mean, why would you steal a car, and then go to social media to flaunt said stolen car? It sounds unbelievably dumb but that’s exactly what led to the breakup of an auto theft ring in the Bronx as The New York Post …
Used Cars Becoming More Affordable for Dealers, Less So for Consumers
Last month, the average price of vehicles sold at Manheim’s wholesale auctions was 10.3 percent lower than it had been in June 2022. After three consecutive months of falling prices, analysts are starting believe the used car market is set to stabilize. That’s the good news.