Regulators Subpoena Pretty Much Everybody Over Subprime Loans

Subprime loans, the same type of horrible financial junkfood that led to the bonanza right before the financial meltdown in 2008, went right back into bonanza mode over the past year once people figured out they could use them to sell used cars. And once people realized, firms started cutting back. And now theā€¦ » 12/16/14 7:05pm 12/16/14 7:05pm

Buy Here, Pay Here Dealership Fined $8 Million For Harassment

This may come as a shocker to all of you, but "buy here, pay here" dealerships sometimes engage in predatory and illegal practices. The Consumer Financial Protection Bureau has fined the nations largest "buy here, pay here" dealership group for allegedly harassing customers. » 12/01/14 10:32am 12/01/14 10:32am

Haggling With Car Dealers Is Great, Say Car Dealers In Grating Cartoon

Not long ago the National Automobile Dealers Association (NADA) made a video to tell consumers how "misguided" there were to think that Tesla's direct sales model was that better than the franchise model. Now the NADA wants to tell you how wonderful it is to negotiate your car deal. » 11/07/14 2:47pm 11/07/14 2:47pm

Dealership Pocketed Money For Extended Warranties Owners Had No Coverage

We have discussed several times the pros and cons of extended warranties. Sometimes they are worth it, especially in the case of a European car with a history of reliability issues. But when the dealership takes your money and never process the paperwork, it's going to be a bad time. » 10/18/14 9:00am 10/18/14 9:00am

Owner Gets Stuck With Repair Bill After Car Is Stolen From Dealership

I would love to only write about dealerships that go out of their way to do the right thing and throw away the "stealership" tag. But some dealers keep that label alive, like this Detriot Chrysler store who has refused to compensate an owner when his car was stolen off their lot and badly damaged. » 10/13/14 9:22am 10/13/14 9:22am

Lawsuit Claims Dealership Ads Made Mom Relive Her Son's Tragic Death

In April tornadoes ravaged through Chowan County, NC. According to WAVY.com, a local mother who lost her son in the storms says she is forced to relive that experience because a car dealership ran ads without her permission urging people to donate. She also says she hasn't seen one dime from the dealer. » 9/19/14 9:17am 9/19/14 9:17am

Tesla Says New Jersey Regulators Can't Stop Direct Sales

In April the New Jersey Motor Vehicle Commission revoked Tesla's dealership licence in the state. Currently there are two pieces of legislation due for a vote in the fall that could allow Tesla to operate. But the automaker claims that the state regulators didn't have the authority to shut down direct sales. » 9/18/14 8:45am 9/18/14 8:45am

Michigan Dealerships Agree To Stop Ads With Specific Trade-In Values

No matter where you live you have all heard something like this by some local car dealer, "We will pay over blue-book for your trade!" Astute car-buyers know that these claims are nothing more than a trick to get buyers into the dealership. The Michigan Better Business Bureau is looking to put an end to them. » 9/16/14 9:21am 9/16/14 9:21am

Drunk Car Dealership Manager Wrecks Camaro Into Flaming Mess And Bolts

There's something almost impressive about the scale of drunken mess this manager of a Des Moines Chevy dealer is. Steve Luebke is 57, and normally is only allowed to drive a vehicle with a breathalyzer interlock. The dealership-owned 2010 Camaro he "borrowed" lacked such a device, and is now a smoldering ruin. » 9/15/14 4:37pm 9/15/14 4:37pm