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DeWine sues Marysville-area used-car dealer over lack of vehicle titles

2014-12-01 07:50:50| Auto Dealers - Topix.net

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Tags: titles lack vehicle dealer

 

Inver Grove Heights man accused of hiding used-car income

2014-11-20 01:34:25| Auto Dealers - Topix.net

An Inver Grove Heights used-car salesman accused of hiding income from the Internal Revenue Service pleaded guilty to tax evasion Wednesday, the U.S. attorney's office said. James Francis Volin, 64, was indicted earlier this year for "structuring" bank deposits.

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New online used-car marketplaces never make buyers, sellers meet

2014-10-25 13:38:59| Auto Dealers - Topix.net

Rowyn McDonald takes delivery of a used 2011 Honda Fit from Beepi's Diego Hernandez outside her workplace in Mountain View, Calif., Wednesday, Oct. 22, 2014. McDonald purchased the car online via Beepi, a new startup that is disrupting the used car sales market.

Tags: online make meet sellers

 

Loan fraud inquiry said to focus on used-car dealers

2014-10-03 03:37:07| Auto Dealers - Topix.net

Lenders in the housing boom created so-called liar loans, which enabled borrowers, even those with no income or assets, to inflate their income. Government authorities are now taking aim at a new generation of liar loans.

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UPDATE 2-Tighter subprime lending hurts used-car retailer CarMax

2014-09-23 20:41:30| Auto Dealers - Topix.net

CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used-car lots slowed to a near halt, hurt by tighter lending norms that kept subprime customers at bay. Shares of the company, which also sells new cars, fell as much as 10 percent in early trading on Tuesday.

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