Hit by slumping European sales, Ford (F) and other automakers are boosting numbers through "self-registrations" in which dealers sell cars to themselves and then offload the vehicles to customers as second-hand cars for big discounts. The practice accounted for 30% of industry sales in Germany from Jan-Aug, says Ford Europe exec Roelant de Waard, who was speaking ahead of the Paris Motor Show, which officially starts tomorrow. [View news story]
Is vehicle self-registration legal in the U.S.? If so, is the practice common?
Hit by slumping European sales, Ford (F) and other automakers are boosting numbers through "self-registrations" in which dealers sell cars to themselves and then offload the vehicles to customers as second-hand cars for big discounts. The practice accounted for 30% of industry sales in Germany from Jan-Aug, says Ford Europe exec Roelant de Waard, who was speaking ahead of the Paris Motor Show, which officially starts tomorrow. [View news story]