Dealer news from the web

Beware of bad car loans: They're more common than you think
Americans are shouldering a record amount of auto loan debt, and many are taking on bad loans—either because they don't see the red flags or they feel they don't have another option. - NBC News, 10/15/14

Automobile Sales Gains Slow in China
Chinese car sales rose at their slowest pace in 19 months in September amid a weakened economy and rising inventories. - Wall Street Journal, 10/13/14

Elmhurst, Ill. officials want $145K back from car dealer
Elmhurst officials said a sales tax rebate deal with a local car dealer has turned sour and are demanding the return of nearly $145,000 the city says it paid out under the 2010 agreement. - Chicago Tribune, 10/14/14

Car stolen from dealership, owner stuck with $4,000 bill
When Michael Barnhard took his car in for service at Southfield Chrysler, he assumed his car was going to be taken care of. - Fox Detroit, 10/10/14

Used luxury car dealer settles with state on charges of deceptive sales practices
21st Century Auto Group, Inc., a Springfield-based motor vehicle dealership accused of violating the state’s Consumer Fraud Act and motor vehicle regulations, will pay $130,000 to settle a lawsuit filed against it by the Division of Consumer Affairs, the agency reported today. - NJ.com, 10/7/14

Lawsuits: Large Washington auto dealer fostered racism, cheated salesman on pay
A man terminated from a Kirkland car dealership in August has filed two lawsuits against the company, alleging racism and wage theft. - Seattle Post-Intelligencer, 10/7/14

Used-car prices fall as ending leases fill dealer lots
Millions of previously owned cars and trucks are flooding the market as leases expire and customers look to upgrade. - Detroit News, 10/6/14

A New Jersey car dealer pleads guilty to defrauding insurance, reporting luxury cars stolen
A Pennsauken car salesman who is accused of shipping luxury cars to China then claiming they were stolen to get the insurance money pleaded guilty Monday to insurance fraud, according to the Attorney General's Office. - South Jersey Times, 10/6/14

Marine gets truck back after car dealer steps up to make repairs
Three months ago Marine Corps veteran Mitch Akin couldn't even start the engine on his prize Dodge Ram 2500 turbo charged pickup. - KPRC Local 2, (Houston), 10/5/14

Sonic Automotive Group withdraws plans for Tom Williams BMW used car dealership in Alabama
The Sonic Automotive Group has withdrawn its request to the city of Hoover to build a Tom Williams BMW used auto dealership and service center on John Hawkins Parkway near the Lakeview and Paradise Acres neighborhoods. - Alabama Media Group, 10/2/14

What turned Warren Buffett into a car guy? Economics
Warren Buffett has always said he likes industries that come with moats, so-called barriers to entry that keep competitors at bay. In buying a chain of car dealerships, Buffett’s Berkshire Hathaway sees plenty of moats and a clear path to consolidation. - Bloomberg, 10/2/14

Japan auto sales fall 0.8% on lingering impact from tax
Japan’s auto sales fell 0.8 percent last month, extending a drop in demand in Asia’s second-largest car market after an increase in the nation’s consumption tax. - Bloomberg, 10/1/14

Easton Tesla store angers competitors, but selling cars
The company at the heart of one of the greatest controversies in the auto industry can be found at Easton Town Center, next door to American Eagle Outfitters and across the street from Sketchers. - Columbus Dispatch, 9/28/14

What's holding back electric-car sales?
Electric cars aren't selling nearly as well as many predicted. Why is that? - Wall Street Journal, 9/28/14

Hartford used car dealer scams customers out of $13K in warranty money
A used car dealer from Hartford is facing charges after collecting more than $13,000 from customers over a period of six months by selling them invalid extended warranties, according to the Department of Motor Vehicles. - NBC Connecticut, 9/29/14

Tupelo car dealer renews call for oversized sign
A Tupelo car dealership is trying again to win approval for a sign that's three times as tall as city regulations allow. - WTVA, (Miss.), 9/17/14

Auto dealer involved with car fire has OWI history
A Des Moines metro auto dealer is facing multiple charges after a crash on I-235 Saturday night and an OWI charge in a different town. - KCCI News, (Des Moines, Iowa), 9/16/14

Pittsburgh dealers talk about their first cars, dream cars and what they're driving now
Our vehicles have become a favorite pastime, a storage bank of memories and even an extension of who we are. - Pittsburgh Post-Gazette, (Pa.), 9/18/14

Why electric car owners don't want gasoline loaners from their dealers
It's often said by electric-car owners and advocates that once you start driving electric, you never want to go back. - Green Car Reports, 9/15/14

Dealership sells couple a car without giving them the title
Every day Jennifer Boydston walks past the new car sitting in her driveway and climbs inside another one she’s been forced to borrow from a relative. - WDAF-TV, (Kansas City, Mo.), 9/15/14

Consumer-finance regulator plans auto-lending examinations
The U.S. consumer-finance regulator is preparing to launch in-depth reviews of about 40 large auto lenders to determine whether the firms are following federal consumer-protection laws, according to people familiar with the matter. - Wall Street Journal, 9/16/14

Woman suspects dealer allowed car to pass inspection despite problems
Even before she bought it, Susan Quinn's car was having trouble, starting with the air conditioning. - WIVB, (Buffalo, N.Y.), 9/9/14

Dealers sold short in EV conversation
I have attended dozens of electric vehicle conferences during the past six years, and have noticed a glaring omission in the proceedings. - PluginCars.com, 9/10/14

Car ads offering specific 'trade-in values' banned under new guidelines from Better Business Bureau
Car dealer advertisements offering trade-in values like "$2,500 over Kelley Blue Book" are not allowed under new guidelines announced Wednesday, Sept. 10, by the Better Business Bureau. - MLive/The Grand Rapids Press, (Mich.), 9/10/14

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