Archive for July, 2009

Check That VIN Twice

More than likely, one of the last things on anyone’s mind as they’re buying a used car is whether or not the vehicle is stolen. Unfortunately, cars with a shady past get bought and sold in this country every day. Take this story from the National Insurance Crime Bureau. According to a press release issued by the bureau, a Cadillac Escalade was stolen from Coral Gables, Florida. The thieves then manufactured a new VIN plate to obtain a clean title and sold the vehicle to an unsuspecting buyer all the way in Orange, California.

The buyer specializes in converting vehicles … Read more

July 22, 2009 by Maurina | 1 Comment

Vandals Strike Used Car Dealerships

Sales may be climbing for used car dealers everywhere, even in an otherwise tight economy, but a few locations have had to combat a new challenge. A few dealerships around the country have suffered vandalism in recent months. According to the Gaston Gazette, up to six used Ford Mustangs received damage at the hands of an unknown number of vandals. A set of wheels was stolen, and someone threw a brick through one of the vehicle’s side glass before setting it on fire. The North Carolina dearlership says the damage totals more than $6,000, and so far police have … Read more

July 15, 2009 by Maurina | No Comments

Used Car Prices Keep Climbing

If you’re looking to sell your used car or truck, now couldn’t be a better time. According to Bloomberg News, used car prices continued to rise last month. That makes June the sixth month in a row where wholesale car prices have climbed. The figures are up 5.8 percent from June, 2008 and 16.4 percent since January, 2009. Unfortunately, the reason for the increase in used car value has less to do with buyer demand and more to do with the number of cars available.

It’s no secret used car sales are absolutely dismal, and as such, there are fewer … Read more

July 9, 2009 by Maurina | 6 Comments

Used Car Sellers Scammed in Cleveland

Police in Cleveland, OH are searching for a man accused of scamming individuals trying to sell their used cars through the classifieds. According to Fox 8, Anthony Kimbrough talks sellers down from their asking price. When the price comes down, Kimbrough says he has a cashier’s check made out to the higher amount, and asks the seller to give him change. Kimbrough then has the seller drive him to a relative’s house to retrieve the check, then makes off with the sellers change. In the end, the house turns out to belong to a stranger.

In one case, Kimbrough made … Read more

July 1, 2009 by Maurina | 2 Comments

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