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Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing ...
The Yo-Yo Scam. Many dealer tricks might seem shady but aren't against the law. The so-called yo-yo scam, on the other hand, is illegal and is only used by the most unscrupulous of dealers ...
Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...
[31] [34] By 1998, Farr's dealership group grossed $596.6 million, making it the top black-owned business in the United States and the 33rd largest auto dealership in the US. [35] Farr specialized in the subprime market, expanded into the used car market, and offered credit at rates up to 25 percent.
Used car prices fell 1.0% over the prior month in August and 10.4% from the prior year, data from the BLS revealed on Wednesday. New car prices were unchanged in July, but down 1.2% from the prior ...
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Car dealership. A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive maintenance services. In the United States, car dealerships have historically been an important ...
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