Buying a used car in US gets murkier amid widespread recalls
Dealers can now sell certified used vehicles with any open recalls
New York
FOR people in the market for a used car, the "certified pre-owned" designation has long been the gold standard, an indication that a qualified mechanic has vouched for the car and that a buyer can expect a vehicle that is - hopefully - almost as good as new.
But the Takata air bag recall, which is the biggest in history, has upended all of that. Now the certified designation - known in the car trade as CPO - will no longer necessarily have the same meaning. For one thing, last month the Federal Trade Commission made it easier for cars to be billed as "certified", even if they were under recall and hadn't been fixed yet.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified