Used car regulation hits the senate floor
Posted on Thursday, April 12, 2012 at 8:36:44 PM
A regulation scheduled to take effect in July requires dealerships to place a red sticker in a car window if the vehicle was ever listed in a federal database as junk or salvage, according to the LA Times.
However, a new proposal hit the Senate committee on March 10, calling for a revoke of the bill on the basis that it would destroy private market corporations that center their business on such reporting.
National brand Carfax, sells comprehensive reports on the history of a vehicle and proponents such as Sen. Juan Vargas (D-San Diego) claim this job should be done by companies instead of government data basis.
However, there are still a number of organizations who support making the reporting task a federal matter. Consumers spend significant time and money to gain the appropriate auto financing to get a car, and groups such as the Consumer Federation of California wish to keep them protected.
"As the nation's largest used car market, a lot was at stake for California," Assemblyman Bob Blumenfield (D-Woodland Hills) said in a statement, according to the news source. "We already have the nation's best law on the books that is supported by consumers, law enforcement, and the auto industry. It just needs the chance to work."