Daily Auto News Desperate Car Dealers Allegedly Steal Dozens of Cars
Daily Auto News
With hundreds of car dealerships at risk of bankruptcy in the current recession, things are getting ugly.
Jalopnik reports, “Monday night, 81 cars disappeared from the lot of Scottsbluff, Nebraska-based Legacy Auto Sales, the next morning the company owner, comptroller and general manager had vanished without a trace.” Scottsbluff police say they have “eyewitness reports” that “the cars were loaded on trucks late in the evening and driven off into the night.”
The Omaha World-Herald reports that Scottsbluff police have now “tracked the trio across the southwestern United States on Wednesday as many of the vehicles were sold at auctions.”
Car dealers, we should explain, don’t actually own the cars on their lots. In almost all cases, dealers are making payments on the cars to the automakers’ finance operations. Scottsbluff Police Capt. Kevin Spencer told the World-Herald, “The cars weren’t theirs to sell because they were owned by a Toyota financing company.”
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