Auto car dealerships are in warm water, as the Federal Trade Commission sent out advising letters to 97 automobile dealership teams for presumably promoting costs less than what consumers in fact pay. Required fees, supplier funding, phony discounts, unavailable vehicles, and all the various other plots that buyers have been shrieking concerning for several years are ultimately obtaining placed on blast by the FTC. But is it insufficient, far too late?
In this month’s episode of The Roman Report, I’ll speak about exactly how dealerships have lost the trust fund of purchasers by instructing them that the cost they saw online was never ever genuine. I’ll additionally review you the FULL LETTER sent out to dealer teams by the FTC, so you can determine whether this letter has the power to actually make a distinction. Is the count on between car dealerships and consumers as well damaged to ever fix? Can the dealer model ever before recoup? Or will the poor reputation of price gouging cars and truck dealerships require us to discover a brand-new means to acquire cars and trucks?
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Automobile Loans Are Crushing Americans (The Roman Report): https://youtu.be/WYH5fXXXEpk?si=8MvesWtd6X9yEYhM
1 in 5 Drivers Has a $1,000 Car Payment. Congress Wants Answers. (The Roman Report): https://youtu.be/58AXM4air-w?si=sOmwcGcHuP9-wW6q
These Car Prices Are Ridiculous (The Roman Report): https://youtu.be/o9UxPkM0QsY?si=S9G8kdEC2kUEojuB
Americans Don’t Trust Auto Mechanics (The Roman Report):.
Road Rage: Why Driving Makes People Snap (Fuel for Thought):.
Why Do We Still Commute? (Fuel for Thought):.
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Timestamps:.
00:00 The Car Price You Saw Online Was Never Real.
01:38 Theme Song.
01:46 The FTC’s Warning Letter About Fake Car Prices.
06:38 Why Buyers Feel Trapped By Dealerships.
10:40 That OTHER Time the Government Tried To Fix This.
13:56 Is the FTC Serious About Fighting Price Gouging?
18:55 The Newest Threat to the Car Dealership Model.
20:06 What This Means for the Future of Car Buying.
28:43 Sources and Photo Credits.