The crooks in sight, are not too bright!
Meet Roger. In his own words, he's "a legally mandated middle-man who buys up cars and resells them for almost no profit..." Unless he screws you over. "Which I will," he says.
Every industry develops its own slang – mastering it brings people together as part of a group and makes communication harder for outsiders to understand. 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.
Turkey's Autopia Europa – Click above for high-res image gallery
Yet Again: Dealer accused of failing to honor eBay deal for new car and this time it's a Dodge Challenger
It's like déjà vu all over again. Fact: Dude wins an eBay auction for a 2009 Dodge Challenger SRT8 with 250 miles on the odometer. Fact: Usually a new (or in this case, new-ish) SRT8 sells for about $41,000. Fact: Winning bid was $29,100. Opinion: Sweet deal, bro!
Holdiman Motor terminated dealer plea - click above image to watch the video
Like those affected by the overinflated housing market, many auto dealers are experiencing a similar situation with their real estate. During the recent boom times, the thinking was that you needed a big, flashy facility with all sorts of extras and perks to attract customers. Manufacturers helped push the trend by offering extra incentives to dealers for interior and exterior upgrades, or flat-out demanding that some brand outlets conform to a particular standard.
The sun will set on an alarming number of new car dealerships this year, according to The National Automobile Dealers Association, better known as NADA. This has been an ongoing trend, but it's set to accelerate as slowing new car sales and the tough credit market makes it very difficult for dealerships to stay open. After losing about 430 dealerships last year, the total stood at around 20,700 left, of which 700 are expected to close up shop before the end of the year.