Gold balls, green peas and other jargon used by sales peoples
Given the less-than-sterling reputation that car salesmen have among many consumers, it should be no surprise that they also have their own insider jargon. Much of the lingo is now finally coming to light in one place thanks to an Ohio lawyer specializing in 'lemon law' cases who keeps a dictionary of the terms on his website.
Our friends at Engadget, tech-obsessed sister site of Autoblog, have taken an in-depth look at the reason why it's so difficult for Tesla to sell its cars directly to consumers, the same way that Apple, for instance, can sell you an iPad at an Apple Store. As you're probably aware, the whole sordid affair can be traced back to dealer franchise laws, which vary dramatically state to state, all with the stated goal of protecting your local neighborhood car dealers from unfair competition.
Fascination with Tesla Motors' role in the luxury electric vehicle market continues, even among the competition. Scott Keogh, president of Audi of America recently told Bloomberg that, Tesla is "cool" and "the talk of the town," and that, "what the industry as a whole can learn from them is continue to push innovation, continue to have the challenger spirit."
The chairman of the industry group said customers need dealerships in order to keep prices down
The head of the national car dealer's industry trade group warned Wednesday that if automakers start selling directly to consumers -- rather than through a middleman, like today's dealership system -- car makers will jack up prices and ignore customers.
Joe Holland claims Plan B conflict with his religious beliefs
The owner of a car dealership in Charleston, W. Va., sued the federal government over a mandate in the Affordable Health Care Act requiring employers offer the Plan B pill, only to realize his insurance policy already covered the emergency contraception. His lawyers just missed it.
Customer won the right to continue online attacks on dealership
On its website, Chicago Motor Cars promises customers a memorable experience and repeat service for those looking to buy luxury cars. One customer had a memorable experience, it seems, in all the wrong ways.
Buying a car is one of those huge occasional purchases that can get any consumer's blood pressure rising. As with buying any big-ticket purchase consumers can avoid bad deals and financial distress by being empowered with the right information.
Being a smart, prepared shopper can save you big money
Airlines cleared $3.5 billion in baggage and seat fees in 2012. Fees are practically a hidden economy across all industries. And buying a car is no different. But there are ways to be tough with a new or used car dealer in the negotiations. And going after some of those pesky fees on the invoice is one of them.
Despite odd circumstance, he's in no rush to change environment
At first glance, it appears a Hawaii man lives at a local car dealership. Look a little closer, and you'll find that Bishop Kamahiai and his family don't actually live there. His house is just engulfed by the dealership.
Federal Trade Commission increases enforcement of dealerships that make deceptive promises
The sales pitch goes something like this on the showroom floor: A car salesman makes an enticing promise. "We'll pay off your car loan, no mater how much you owe!" Or "upside down on your current loan? We'll pay off your trade."
Used vehicle prices have been on a tear for over a year now, as slow new vehicle sales during the financial meltdown of 2009 have created a dearth of available used models today. Yet the sluggish economy means demand for used vehicles is high, so dealers are going to ever-increasing lengths to acquire inventory.
Automotive News is reporting that Spike TV is planning to roll out a new reality TV show that orbits around struggling car dealerships. The premise has the show's two hosts, Tom Stuker and Roe Hubbard, swooping in with just five days to turn lackluster sales into a success story.
Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being hurled at America's banks. The full speech can be found here, but one little section bears quoting: