qr-play-store play store

Dealers ask for a compensation for recalled cars

19 Dec 2017
No comments
213 views
Dealers ask for a compensation for recalled cars

Recalled vehicles are increasingly landing on dealers, but automakers aren't required to compensate them for lost revenue and extra expenses. Dealers are counting on state lawmakers to change that. Even though stop-sales usually affect just a fraction of a dealership's used-cars inventory.

 

         

There is no law to adress the problem on used vehicles under a stop-sell recall, but Federal law requires automakers to give monthly payments equal to 1 percent of the value of any new car that can't be sold because of a recall.

 

             

The Utah dealers association has proposed a bill to make automakers pay dealers 1.75 percent of the value of a used car, that amount would be paid per month as long as a vehicle has a stop-sale on it. The state associations are trying to find a middle ground. The state association proposed a bill of 1.75 percent compensation based on the used-vehicles value after 15 days without a part needed for the repair.But the provision was bundled with other proposal and did not pass.

0 1
Comments:
No comments found
Leave a comment
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    0 1
    3712
    952755 views
  • General Motors to lay off 1,100 workers
    06 Mar 2017

    General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV.  The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...

    0 0
    16
    102426 views
  • BMW reported record sales in 2017, but Mercedes keeps lead
    12 Jan 2018

    BMW Group has released its sales numbers for 2017 and they show the last 12 months for the company have been really successful. The announcement even goes on to say “the BMW Group reconfirms its position as the world’s leading premium automotive company,” but there’s a small catch. Nevertheless, the company was outsold by Mercedes-Benz, keeping the order in the three-way German luxury sales race unchanged.  Sales of BMW brand models rose 4.2 percent in 2017 to 2.09 million passenger cars and SUVs, compared with a 9.9 percent gain to 2.29 million at Mercedes, w...

    0 0
  • Maserati will fix 2018 Ghibli and Quattroporte due to risk of fire
    09 Jan 2018

    Maserati North America Inc. is recalling more than 1,000 of its newest luxury cars to fix leaky fuel pipes that increase the potential for an engine fire. The 2018 Ghibli and Quattroporte sedans – with prices starting at $73,050 and $105,600, respectively – have a faulty fuel delivery pipe in the engine compartment that may leak gasoline.   The cars haven’t yet been delivered to customers, and they’ll be fixed before individuals are able to drive off with them, according to Matteo Sardi, a spokesman for the carmaker. The company said the flaw, caused by a part...

    0 0
Search on the blog
Find us on

Last added auctions

2007 Ford F-150
33 views
11 photos
11,600.00
No bids
2007 Infiniti M35
382 views
14 photos
1,500.00
1 bid
2008 Dodge RAM 1500
91 views
16 photos
10,100.00
No bids
2009 Nissan ALTIMA
89 views
15 photos
4,800.00
No bids