Image: Carmax The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases, which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding. According to a new report from Edmunds Q2 … Read more
Image: Google Street View Honest Abe Auto Sales – a string of four car dealerships in the Indianapolis area – is being forced to pay back nearly half a million dollars to customers it, well, lied to. The dealers, which are operated by Sycamore Companies, were accused of bait-and-switch sales tactics, false advertised prices and … Read more
Photo: Logan Carter/Jalopnik For folks in the market for an electric vehicle, leasing is often the better strategy over purchasing as buyers get more discounts, without having to gamble on resale value. Volkswagen has some attractive lease deals nationwide, including one VW ID 4 offer from a California dealer that a middle schooler might have … Read more
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 … Read more
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. Even EVs Can’t Get A Break … Read more
2023 Lincoln Corsair ReserveImage: Lincoln 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 … Read more
Image: David Zalubowski (AP) 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 … Read more
