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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence.

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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. I’d love to hear from you!

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Kia is paying dealers to sell EVs – that could mean deals for buyers

Baua Electric

Photo: Kia Kia is paying its dealers up to $1,500 in flat payments for each EV sold in April, so buyers, there may be good prices to be had. Through April 30 , the Kia April 2024 Dealer Flat Cash Program will pay dealers $1,500 for every EV6 GT sold and $1,000 for every 2023 Kia EV6 sold. But what’s in it for you?

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Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Baua Electric

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network. Fisker previously signed dealer partners in Austria, France, Germany, Norway, and Switzerland.

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AMU Leasing and Saera Electric Auto Pvt. Ltd. have partnered to provide vehicle financing.

Electric Vehicles India

One of the top companies in the electric automobile market, Saera Electric Auto Private Limited (SEAPL), has agreed to finance vehicles through the non-banking financial corporation (NBFC), AMU Leasing Pvt. have partnered to provide vehicle financing. appeared first on Promoting Eco Friendly Travel.

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B.C. forest-fire ease finances get monetary help from Canadian sellers

Baua Electric

On govern of that, the Team spirit Auto Team of Kelowna, B.C., And the Canadian Car Sellers Affiliation (CADA) made its personal $10,000 contribution. It’s all hands on deck in the dealer community to try and help people get through what is historically the worst wildfire season in the history of the province,” Qualey stated.

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The Six People You Meet In the Car Business

The Truth About Cars

Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. Many of them defied stereotypes: I met car sales people who were honest, ethical and hardworking. Customers absolutely adored him.

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