February 16, 2008 |
While some Americans are congratulating themselves on switching to fuel-sipping cars, their old gas guzzlers just won't die. Lowered trade barriers are giving them new life south of the border. Thousands of used vehicles from as far away as Colorado and Missouri jam tiny car lots and auto salvage yards in this gritty border city. An estimated 25,000 families make a living here hustling U.S. castoffs. Among them is Jose Zavala, a wiry used-car dealer with a trucker's cap and an eye for bargains.
April 18, 2012 |
Legislation aimed at regulating controversial Buy Here Pay Here used-car dealers, which charge steep interest rates and are quick to repossess vehicles, was approved by the state Senate Banking and Financial Institutions Committee. The bill, by Sen. Ted Lieu (D-Torrance), classifies the dealerships, which finance most of their own sales, as state-regulated lenders. "This bill regulates an unregulated industry," Lieu said. The bill cleared the committee on a party-line vote Wednesday, with five Democrats voting aye and two Republicans nay. The proposal now heads to the Senate Appropriations Committee and then to the Senate floor.
April 4, 1988
Latino and Asian car dealers are outnumbered almost 2-to-1 by black dealers, according to the National Assn. of Minority Automobile Dealers, and the gap seems to be widening. Ford, for example, has the car industry's most aggressive minority dealer development program, with 187 black dealers now and a target of 320 by the end of next year. Yet it has just 28 Latino-owned dealerships and six owned by Asians. Only three of Ford's 40 dealer trainees are Latino and none are Asian.
CALIFORNIA | LOCAL
November 21, 2003 |
We knew he was a man of many talents, but Gov. Arnold Schwarzenegger was a knockout Thursday in a new role: San Fernando Valley car salesman. "Go out there. Buy cars," Schwarzenegger implored a few hundred disciples at Galpin Ford on Roscoe Boulevard in North Hills. New car, used car, any car. Just buy a car, said the governor, and enjoy the benefit of the vehicle tax reduction he enacted Monday, his first day in office.
August 29, 2012 |
SACRAMENTO — A trio of bills aimed at preventing abuses in the sale of high-mileage vehicles by Buy Here Pay Here used-car dealers appears to be winning strong bipartisan support and heading toward the governor's desk. Legislation by Assemblyman Mike Feuer (D-Los Angeles) won final passage Monday and was sent to Gov. Jerry Brown, who has 30 days to sign or veto it. Feuer's bill, AB 1447, requires the seller to provide a one-month or 1,000-mile written warranty to a buyer. On Tuesday, a companion measure, SB 956 by Sen. Ted Lieu (D-Torrance)
May 30, 2009 |
In the shadow of a big blue inflated gorilla perched on the roof, bright yellow signs shouted "Ultimate Liquidation Event." Deep price cuts, painted in bold neon letters, adorned the windshield of nearly every car on the Garden Grove dealership lot. Janice and Yao Huang arrived on a hot afternoon looking for a bargain. "We're here for the sale," Yao told Danny Covin as he approached, squinting in the sun. "We heard you are closing down. Do you have things on sale?"