AutoTec Launches Major Initiative to Stop Curbstoning
Curbstoning is the repeated, unlicensed "flipping" of used cars for profit. It's a nationwide scam
that hurts consumers, cities, and local businesses. Automotive remarketing industry leader
AutoTec is at the forefront of a major effort to halt this automotive fraud.
(PRWEB) March 22, 2010 -- AutoTec, the company behind AuctionACCESS, has launched a major campaign to
stop curbstoning, the unlicensed buying and selling of used cars for profit.
"AuctionACCESS already helps stop curbstoners by keeping unlicensed dealers out of the auctions," says Chuck
Redden, president of AutoTec. "The 'Stop Curbstoning' initiative is a natural spin-off from that."
"For over ten years, we've been helping licensed dealers do business in the wholesale marketplace efficiently and
securely," Redden continues. "And for all that time, we've been hearing concerns about the effect curbstoners
have on a retail level. We listened, and felt it was time to put forth a unified, coordinated call to action."
It's not just licensed dealers who suffer because of curbstoners. Consumers who buy from curbstoners may find
themselves with unsafe, cobbled-together vehicles that can't be registered or insured like normal vehicles. In
addition, such vehicles are typically ineligible for repairs under manufacturer recalls.
"That makes sense, when you think about it," Redden says. "After all, that particular used car wasn't built by the
manufacturer. It was put together by some salvage guy, using parts from two or three wrecked vehicles, duct tape,
and chewing gum."
"Of course," Redden continues, "by the time the buyer finds out that their just-bought used car has serious
problems, the seller is long gone - and so is the money."
Redden points out that municipalities also lose out when curbstoners succeed. "Since curbstoners are unlicensed,
they're basically untraceable," Redden says. "It's all cash transactions, under the table, and it adds up to a lot of
lost tax revenue for cities.