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Some galleries are located in states with restrictive dealership protection laws which prevent discussing price, financing, and test drives, as well as other restrictions. Tesla has set up mobile-shipping-container "stores" [9] and 6 Airstream travel trailers each pulled by a Model X, reaching areas not served by brick-and-mortar shops. [26] [27]
Under CARS, this bait and switch on pricing, discounts, rebates and inventory would be 100% illegal. Dealers could not falsely advertise to pull one over on you. Feeding You Junk Fees
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
Dealership in 2009 were facing closure of its company in many different states, they even consider moving their headquarters from downtown Detroit. Their main focus was to try and used different ways to avoid closure. The National Dealers Association look at the crisis from the 1970s to see what effects it had on the car business. [37]
The California New Car Dealers Association believes VW Group's involvement with Scout Motors legally restricts direct-sale practices in the state following a 2023 amendment.
For most consumers, the main point of buying a used car is to save money off the cost of a new one. The average transaction price for new cars was $48,510 as of April 2024, according to Kelley Blue...
Iowa Code 322.3 states that a licensed car dealership cannot either directly or through an agent, salesperson, or employee, engage in Iowa, or represent or advertise that the person is engaged or intends to engage in Iowa, in the business of buying or selling at retail new or used motor vehicles, other than mobile homes more than eight feet in ...
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