Former Car Dealer Writes Exposé on Auto Industry and the Current Economic Crisis—Secrets behind Finance, Politics, & Greed

I have been part of the auto industry participating in the current economic crisis since the age of seven. I have owned and operated nine franchised dealerships during my career in the auto industry. I helped the auto industry create and perpetuate the current economic crisis you see today. The Finance, Politics, and Greed present in the auto industry and causing the current economic crisis is dizzying. Surprisingly still, most consumers and taxpayers limit their worries to how much the dealership is making on them, rather than truly understanding the auto industry and the current economic crisis overall. I look at the auto industry and her myriad issues from unions and government to banks and you. The auto industry has downloaded the current economic crisis onto taxpayers for $63 billion and rising!

In my book Car Wreck; How You Got Rear-Ended, Run Over & Crushed by The U.S. Auto 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 simplify an explanation about leasing and the hedge it provides against resale risk. I teach you how interest charges are rear-ending consumers in 33 states. I review in understandable language mark-to-market accounting, TARP, TALF and more.

I am critical of how the auto industry cannibalized its own market and helped cause the current economic crisis. The auto industry has dug itself a hole of the current economic crisis and dragged you into it. Yet the auto industry must prosper in order to restore the economy from record-breaking unemployment and the current economic crisis. I expose the auto industry and the current economic crisis by telling you all the things I shouldn’t. The auto industry and the current economic crisis 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 auto industry and the current economic crisis will make you an instant auto industry and the current economic crisis expert.