Dealer

California Car Dealer Sues BMW And Mercedes Over Lease Buyout Restrictions

Image for article titled California Car Dealer Sues BMW And Mercedes Over Lease Buyout Restrictions

Photo: Kristen Lee/Jalopnik

If you were leasing a car, there was a time when you could trade that leased car to any dealership instead of giving it back to the brand you got it from. Due to the used car shortage, several automakers are no longer allowing these third-party lease buyouts, and a California luxury car dealer has filed a lawsuit against Mercedes and BMW due to these new restrictions.

Back in July, I wrote about how automakers are changing how they handle what is called a “third-party lease buyout.” These new policies severely limit a lessee’s ability to use the current market conditions for used cars.

Before the market went bonkers and inventory became scarce, if you were leasing a car you had three options at the conclusion of the lease. First, you could give it back to a dealer of the same brand. Second, you

Read More

Auto Dealer Today

Perfect for business professionals and European auto lovers alike, this German-engineered midsize sedan will get you where you should go in high-end comfort Automotive and magnificence. Step up to added luxurious and luxury in a sporty, midsize SUV with the INFINITI QX60.

A Dry Pipeline Asks: Who Wants an Electric Car Now? – Bloomberg

A Dry Pipeline Asks: Who Wants an Electric Car Now?.

Posted: Sat, 15 May 2021 09:30:17 GMT [source]

Automotive Dynamics is proud to be Sun City’s most interesting, most respected, and trusted auto repair middle since 1982. We don’t pay our employees a commission or a percent of your restore bill which ensures we do not sell you pointless components or repairs. ASE certified technicians and unmatched customer support are reasons why when you want a second opinion or are looking for an sincere, quality restore facility, look no additional. Automotive Dynamics is dedicated … Read More

Car Prices Are Soaring. Why Are Car Dealer Stocks Down?

Text size

Used cars at Frank Bent’s Wholesale Motors in El Cerrito, Calif.


Justin Sullivan/Getty Images

Inflation data surprised to the upside Wednesday. That’s one estimate “beat” investors didn’t want to see. But a big reason for higher-than-expected inflation was car prices, which are soaring.

That should be a good thing for car-dealer stocks. But they are down on Wednesday.

Shares of online car dealers

Carvana

(ticker: CVNA) and

Vroom

(VRM) are down 5.9% and 2.3%, respectively, in recent trading. That compares with 1.3% and 1% respective drops in the

S&P 500

and

Dow Jones Industrial Average.

Traditional dealer and car-information provider stocks are weak Wednesday as well.

AutoNation

(AN),

CarMax

(KMX), and

Sonic Automotive

(SAH) shares are down about 2% on average. Shares of auto-data providers

Cars.com

(CARS),

CarGurus

(CARG), and

TrueCar

(TRUE) are down roughly 3%.

This feels wrong. Brokerages are spread businesses buying and selling

Read More

Car Buyers Move Online To Eliminate The Dealer Jerk-Around, Buyer Satisfaction Climbs to an All-Time High


PHOTO (select to view enlarged photo)
Look How Happy He Is

Editor’s Note: Now what does this say about historic dealer antics…hmmm

Atlanta, Jan. 25, 2021 – There was a time when consumers rated the car-buying process roughly on par with a stubborn root canal. But those days are passing into the rearview mirror now, as auto dealers move more steps of the retail process online resulting in consumer satisfaction hitting an all-time high, according to the new Digitization of End-to-End Retailing (DoEER) study by Cox Automotive.

With buyers spending less time at dealerships and benefitting from more efficient, digital retailing processes, those who were “highly satisfied” with the overall shopping experience reached 72%, up from 60% in 2019. The average vehicle buyer now visits only 2 dealerships in the vehicle buying process, down from 2.7 in 2016.

“According to our data, car buyers have never been happier,” notes Cox Automotive Vice President of Research

Read More