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Used-car dealers manipulating auction system at Customs - Reese

2015-11-30 07:41:41| Auto Dealers - Topix.net

Commissioner of Customs Major Richard Reese is raising concern about what he calls the manipulation of the auction system by some importers of motor vehicles. The Jamaica Used Car Dealers Association , in a release last week, accused the commissioner of being on a destructive mission which would see many used-car dealers going out of business.

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Used-car lots manipulated for bank fraud scam by business operator, feds claim

2015-11-24 01:44:31| Auto Dealers - Topix.net

A Flint-area man is facing federal charges after authorities claimed he used local car dealerships to organize a bank fraud scheme. Edward Frank Usewick III pleaded not guilty Nov. 19 in Flint U.S. District Court after he was arraigned on bank fraud and conspiracy charges following the unsealing of a 20-count federal indictment.

Tags: business bank claim lots

 
 

Used-car shoppers are still buying VW's dirty diesels

2015-10-11 07:56:16| Auto Dealers - Topix.net

Car dealers predictably steered clear of Volkswagen's dirty diesels after the company admitted to equipping its cars to cheat emissions tests. At auction, values for the 500,000 or so affected cars in the United States fell between 8 percent and 14.5 percent after the Volkswagen announcement in mid-September, according to new data from Kelley Blue Book.

Tags: buying dirty shoppers diesels

 

Raising the bar on used-car sales

2015-09-19 03:52:09| Auto Dealers - Topix.net

Tanakorn, 34, is managing director of Trustee Car, the operator of www.trusteecar.com , a fully integrated second-hand vehicle buying and selling website aimed at meeting demand from all types of car owners. "We have spotted an opportunity to raise the standard of the online market place platform for second-hand cars in Thailand.

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Used-car dealers skirting the warranty policy

2015-09-13 09:24:13| Auto Dealers - Topix.net

Some used-car dealers are trying to get around the extended warranty terms stipulated under the year-old Revised Motor Vehicle Import Policy by striking side deals with customers who are being asked to accept a shorter coverage period. Portfolio minister Anthony Hylton was unaware of the practice when Sunday Business approached him last week for comment but said the gambit is unlikely to survive for long as such agreements would become null and void as soon as the motor policy has the weight of the law behind it.

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