Consumers and Taxpayers Become Automotive Industry Experts, by learning from a former Car Dealer

I have been part of the automotive industry since the age of seven. I have owned and operated nine franchised dealerships during my career. In those twenty-five years, the automotive industry has fallen into bankruptcy. The Finance, Politics, and Greed present in the automotive industry today are dizzying. Yet most consumers and taxpayers limit their worries to how much the dealership is making on them. The automotive industry received a wake-up call. The government is in the automotive manufacturing business, the rebate business and the finance business. I look at the automotive industry and her myriad issues from unions and government to banks and you. The automotive industry is into taxpayers for $63 billion and rising! Do you want to know where the automotive industry is headed next and how you will be impacted?

In my book Car Wreck; How You Got Rear-Ended, Run Over & Crushed by The U.S. Automotive Industry, I teach you how rebates and rental cars affect the depreciation of both the car you buy and the one you trade in. I cite cases where consumers have lost half their money in the first week of ownership, simply by purchasing and registering the wrong car. I teach you how to understand advertising. I simplify an explanation about leasing and the hedge it provides against resale risk. Furthermore, I teach you how interest charges are rear-ending consumers in 33 states. You are not alone. The impacts are of pandemic proportions. The average consumer owes his bank $4,700 more on their car than its truly worth. Learn how you got this way and what to do about it!

I am critical of how the automotive industry cannibalized its own market. The automotive industry has dug itself a hole and dragged you into it. Yet the automotive industry must prosper in order to restore the economy. The automotive industry is dissected from a car dealer’s point of view. From you as a dealership customer to you as the taxpayer funding the baloney going on in Detroit and D.C., my take on the automotive industry will make you an instant automotive industry expert.