Too bad the wages hasn’t risen by 5% annually.

Given EVs are a low single digit percentage of new car sales, and new cars are a tiny percentage of the vehicles on the road (and EVs are an even smaller percentage of existing cars), er, no, not even remotely a factor at this point.

He did kill someone else, the passenger. Pretty fucked up.

That is a problem that can be solved with insurance. I expect fewer claims and larger settlements. But just wait until you are sued because you weren’t using self driving tech and therefore 90% more likely to get into an accident....

I must apologize to all the dealers I thought were shady, unethical and underhanded.  I didn't realize they were just trying to save me money.

When I was shopping for a car for my wife in Maryland a few years back a used car dealer tried that shit on me. I saw a $500 fee and asked him what that was: “Oh, that’s what it cost us to get the car to passs inspection... every dealer does that.” Uh... no... I had just bought myself a used car not too long before…

The trade group estimated compliance would require at least $1.4 billion during the next 10 years, “driving up prices for consumers and making the car-buying process longer and more difficult.”

“Independent auto dealers are small-business owners...”

How is disclosing additional costs to the consumer, going to cost the dealer network more “paper-pushing” fees. This has gotta be the weakest ass argument I’ve heard justifying their existence to begin with. 

The part that gets me, is they count the 2 minutes as added labor/cost during the sale....but the same study says buyers will spend 3 hours LESS shopping....so aren’t sales people saving some time up front? I’d wager they save a lot more than 2 minutes on the front end.

Gap is charged up front and added to your loan balance, however you can cancel it at any point during the loan to get a pro-rated portion back (it will go straight to the loan balance).

“These rules are going to make it harder for us to rip off the consumer!" 

Exactly.

I fully expect that should these rules come to pass, those who just choose to ignore them will continue to suffer zero consequences. Just like how fully documenting a dealership violating state law 187 times leads to a DA (Tarrant County, Texas) not even being willing to take the information, let alone actually…

Depends on the dealer. Some places (CarMax) pay their staff salaries as part of their “low pressure sales environment” shtick and give incentives on a per-car basis. Some dealers (like the one I worked at) were pretty much 100% commission, unless your commission was less than minimum wage.

ftfy

From the article: “Either calculation assumes a sales professional paid $21.84 an hour spending 2 minutes preparing and delivering each disclosure”

Let’s assume their $1.4 billion number is correct, and it only applies to these 16,000 dealerships (as in, that’s their estimate for what these dealerships will have to pay in total, not accounting for any other dealerships not in this association). That maths out to $8,750 per dealership per year. That is NOTHING.…

They brought this on themselves.  Airlines, I hope you noticed this.

This is my shocked face. middlemen who add unnecessary costs to a business transaction want to remain relevant.