Kansas Makes Dealers Post a $50,000 Bond to Protect Buyers. Two Wichita Customers Had to Sue to Get Any of It.
Two Sunset Auto Sales customers got $20,600 back from a Kansas dealer bond, not the dealer, after a lawsuit and…
used cars
Eleven Dead, Zero Importers Named: NHTSA’s DTN Airbag Order Has a Who-Pays Problem
NHTSA's April order tells whoever imported DTN60DB airbag inflators to notify owners and fix them. Eleven deaths in, the agency…
Sunset Auto Sold a Mustang With No Title. The Refund Took 500 Days and a Prosecutor.
Two Wichita buyers got $20,600 back from Sunset Auto Sales' surety bond, but only after a prosecutor sued and the…
CarMax Now Makes $111 Less on Each Car and $116 More on Everything Sold With It
CarMax cut its per-car margin to revive sales, then earned it back on extended service plans and the shop while…
California’s 3-Day Used Car Return Law: Fees, Limits and Loopholes Explained
California used-car buyers now get something the finance office can’t talk them out of: three...
Watch a Missouri YouTuber Tear Down a 2022 F-150 EcoBoost That Hit 180,000 Miles in Four Years, Then Find a Piston Burned Straight Through
A 2022 Ford F-150 Lariat that rolled out of the factory in May 2022 had...
Ford’s Wet Timing Belt Case Went From 44 Complaints to 1,299. The Part That Clogs Can’t Be Reached Without Pulling the Engine.
NHTSA's probe into Ford's 1.0-liter EcoBoost grew from 10,473 cars to 135,551. Two months later there's still no recall. Here's…
The Repo Man Can Take Your Car. He Can’t Take Your Subprime Loan With It.
Subprime car loan delinquencies are climbing again after a record January. The bigger story is what happens after repossession: lenders…
Car Loan Rates Look Cheap Right Now. The Bond Market Says That Won’t Last.
Treasury yields passed 5% and the Fed hiked in September, but published car loan rates still reflect cheaper money. Here’s…
CarMax Gave Up $230 a Car to Win Buyers Back. Headquarters Is Paying the Bill.
CarMax just cut 145 more corporate jobs. Its SEC filings suggest the real story is a pricing bet, and the…
He Imported 44 Fake Honda Airbags. The Trademark Is What Made It A Federal Crime.
Twenty counterfeit Honda airbags reached the United States labeled as desktop night lights. The federal case that followed rests on…
Used Car Values Just Dipped for the First Time This Year. Used EVs Went the Other Way.
The Manheim index slipped 0.4% from a year ago, but wholesale EV values rose 2.3% as gas hit $4.48 and…
Your Paid-Off Car Can Still Be Seized Over a Debt That Has Nothing to Do With Cars
Massachusetts just permanently banned a debt collector accused of taking people's cars to squeeze payment on debts that had nothing…
The Feds Quietly Closed Their Honda Ridgeline Backup Camera Case Without Ordering A Single Repair
Federal regulators just closed the book on the Honda Ridgeline backup camera problem, and the...
Copart Just Dropped $1.9 Billion on ACV. It Didn’t Pay for the Auctions.
Copart announced a $1.9 billion deal for ACV Auctions on the same day it reported a flat fiscal year. The…