A car dealer in Manalapan, New Jersey pled guilty Monday to theft by deception after he manipulated the titles of cars damaged in Hurricane Sandy and sold the cars to unsuspecting customers.
Honda recently started disclosing possible recalls related to airbag malfunctions in certain vehicles. The automaker is asking customers buying those used cars to sign a document that acknowledges they've been made aware of the issue. Buyers may be better informed, but such a signature could also shift liability away from the automaker.
It looks like Americans are feeling more confident about borrowing money again, at least when it comes to their cars. Credit reporting giant Equifax has released its latest National Consumer Credit Trends Report, and the data suggests that auto lending is booming in 2014.
A growing number of American car leases are being taken over for the purpose of being shipped overseas at the end of the term, according to Swapalease.com. This is happening particularly because fewer lessees and dealers plan to keep the leases because of the changing equity position.
Automakers posted their strongest April sales since 2007, before the recent Recession started and the economic meltdown that drove General Motors and Chrysler into bankruptcy took place, as consumers feel more confident about their incomes and economic outlook and replace their aging wheels.
Chrysler reported a small profit for the first quarter, reflecting lower shipments of vehicles to Europe and a slow down in production for the U.S. connected with new model launches. The company's overall outlook, though, remains positive as it moves toward a likely initial public offering.
Kim Ridley, owner of Ridley's Rides in Oregon, is sure to be in the running for the 2012 Father of the Year award. Wanting to sell his 1977 Datsun on eBay, Ridley decided to employ an age-old advertising technique: Sex sells. The issue? The sexy woman he shot draped over his car was actually his 20-year-old daughter Lexxa.
Car dealerships are turning to Twitter as their new media frontier, hoping to transform a vehicle for social chatter into a platform for car sales. Some pioneering dealers are gamely trying to build up the number of their followers and using their meager allotment of 140 characters to pass on micro-bursts of information, typically accompanied by a link to their website or Facebook page. But this e
Determining how much your car is worth depends on many factors. If you're looking to trade your current car for a new car this year, one of the things you might be asking yourself is, "How much is my car worth?" As you may imagine, what your car is worth depends on several factors, including who you are asking. Ask three different people, "What is my car worth?" and you wil
Ford CEO Alan Mulally continues to lay on the charm, this time popping up at Village Ford in Dearborn, Michigan last Monday to do a trial run on the sales floor of a dealership. We reported in early February that Mulally was planning on spending one or two days at a dealership selling cars, and this appears to be an experiment to make sure his sales skills don't send customers running to the nearest Toyota dealership. It turns out, however, that Mulally is a natural salesman, as he sold three ca
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