| Automotive
History:
A car dealership or vehicle local distribution is
a business that sells new
cars and/or used
cars at the retail level, based on a dealership
contract with an automaker or its sales subsidiary.
It employs automobile salespeople to do the selling.
It may also provide maintenance services for cars,
thus employing automobile mechanics, stock and sell
spare automobile parts, and process warranty claims.
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Car Dealers:
Most car
dealers offer a variety of financing options for
the purchase of cars, including loans and leases.
Financing can be highly profitable for dealerships.
There have been some scandals involving discriminatory
or predatory lending practices, and as a result, vehicle
financing is heavily regulated in many states. For
example, in the U.S. state of California, there must
be several warning signs posted in each salesperson's
cubicle, and the contract must contain several prominent
warnings, such as the words "THERE IS NO COOLING-OFF
PERIOD."
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Automotive Company
In USA:
In the United States, most aspects of operating a
car dealership are regulated at the state level. Car
titles are issued and transferred by the individual
states through their respective Departments of Motor
Vehicles. The purchase price of a vehicle usually
includes various fees which the dealer forwards to
the state DMV in order to transfer the vehicle's title
to the buyer. In many states, the DMVs also license
and regulate car dealerships. In many states, car
dealerships are capable of issuing all of the necessary
forms for the DMV, allowing the customer to skip a
trip to the local DMV office.
Consumer complaints against car dealerships
are investigated by the Attorney General's office
in the state in which the dealership is located. |
