By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: NADA counters Blumenthal’s used car recall bill
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Used Car

NADA counters Blumenthal’s used car recall bill

anik
Last updated: 2015/12/11 at 8:55 AM
By anik 2 Min Read
Share
SHARE

The National Association of Automobile Dealers is out with a report that claims consumers would be significantly hurt if a law banning used cars with recalls from being sold is enacted. U.S. Sen. Richard Blumenthal’s proposal, the trade group claimed, could cost consumers anywhere from $1,210 to $5,713 per car.

Current federal law prohibits the sale of new cars under recall until they are repaired but does not require the same of used cars. In response, Blumenthal introduced a measure earlier this year prohibiting dealers from selling unrepaired recalled used cars.

The NADA said in a statement that requiring auto dealers to fix all outstanding safety recalls before selling or leasing any used passenger motor vehicle could have an adverse impact on the value of those trade-ins. “This trade-in allowance is an important part of the overall transaction because, typically, the consumer uses it to fund the down payment needed to finance the purchase or lease,” the NADA said.

According to government and industry data collected for the study, repair delays resulting from the challenges faced in engineering, producing, and distributing the replacement parts needed to address recalls are both real and significant. Also significant, the NADA says, is the fact that dealers will not know in advance how long a recall delay will last, and thus must estimate the delay, which could further exacerbate the trade-in value reductions that consumers will face.
[“source-artfordbusiness”]

You Might Also Like

Buying A Used Car In India: A Complete Guide

Certified used cars on warranty- Making your life worry-free

Buying A Used Car In India: A Complete Guide

Should I Buy a New or Used Car?

Volkswagen India strengthens its used car business: Introduces Das WeltAuto 3.0

TAGGED: NADA counters Blumenthal's, used car recall bill
anik December 11, 2015
Share
Previous Article Hyundai Ioniq Could Be First Real Challenger To Toyota Prius On Efficiency
Next Article Two teens arrested after crashing stolen vehicle into used car lot

Calendar

November 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Jun    

Latest Trending News

  • Step by Step in Selling Your Car Online June 19, 2023
  • Why Use BMW Km Stopper? April 28, 2023
  • Strategies to Attract Qualified Truck Drivers and Retain Them Long-Term March 28, 2023
  • Rent a McLaren for Your Next Luxury Trip March 2, 2023
  • Qualities of Handicap Vehicles For Sale December 10, 2022
  • Characteristics of Electric Road Bikes October 13, 2022
  • The Advantages of Digital Marketing October 12, 2022

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?