Latest news with #cardealership
CTV News
17-07-2025
- CTV News
OPP search for stolen vehicle in Elora
An Ontario Provincial Police vehicle is pictured in this file image. (Filo Photo/Ontario Provincial Police | Photo Credit: Bobb Barratt) The Wellington County Ontario Provincial Police (OPP) are asking for the public's help to find a vehicle believed to be stolen from Patrick Boulevard in Elora. Police responded to a call involving a stolen vehicle around 6:30 a.m. Thursday. OPP said the victim left their vehicle in their front driveway of their home around midnight. When they woke up, they discovered their vehicle had been stolen. The vehicle is a black 2023 Lexus RX350 Sports Utility Vehicle (SUV) with a licence plate reading CYVT129. It has red brake calipers, matte black rims and a red interior. The OPP is asking nearby residents to check their dash-cam and home security footage between 12:00 a.m. and 6:30 a.m. on Thursday morning. Anyone with information is asked to contact police.
CTV News
15-07-2025
- Automotive
- CTV News
Here's what you should know about buying preowned vehicles
Barrie Watch Here's what you should and shouldn't do when buying preowned vehicles with experts from Moffatt's Mazda in Barrie.
BBC News
09-07-2025
- BBC News
Lisburn: 14 cars damaged in suspected arson attack
Members of a family business have said they do not know why they have been targeted in a suspected arson attack that damaged 14 vehicles at their used car dealership in Lisburn. Emergency services were called to the business in the Mullaghglass area shortly before 1:00 BST on Wednesday.A member of the family business said the damage would have a "detrimental and devastating" impact on the business, which has been there for 38 Police Service of Northern Ireland and Northern Ireland Fire and Rescue Service have deemed the fires to be a deliberate act. They believe the fire started at around 00:40 BST after the suspect entered the area wearing dark clothing and reflective shoes. After setting the cars alight, the individual left the area by climbing over a fence and going onto the PSNI have asked for anyone with information or relevant video footage to contact them. Sinn Féin councillor Gary McCleave has condemned the "reckless" arson attack and encouraged anyone with information to contact the police."Thankfully, no injuries were reported, but this could have been a much more serious incident", he added.
Yahoo
02-07-2025
- Business
- Yahoo
NY man nearly lost Lamborghini, $200K in exotic car dealer's ‘upgrade' scheme — then helped catch the scammer
Mike Abatecola, an exotic car owner, recently bought a Lamborghini from Vladimir 'Val' Ranguelov, Dealer Principal of Bul Automotive in Albany, New York. A short while after, Abatecola says, Ranguelov persuaded him to sell the car back to him for an upgrade — so he did. But the dealership failed to pay off the remaining loan balance. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it By the time Abatecola realized what had happened, Ranguelov had already taken the car, leaving him $200,000 in debt. Thanks to the FBI, Abatecola was reunited with his luxury vehicle in June. But he's still in shock. 'I'm still numb,' he told WNYT NewsChannel 13. 'I don't make that kind of money to be robbed.' After Abatecola approached the FBI and shared his story online, more than a dozen other buyers responded with similar complaints. Ranguelov had two dealerships, Bul Automotive in New York and Karma Automotive in Jacksonville, Florida, which abruptly ceased operations in June. After the FBI got involved, Abatecola's Lamborghini was recovered. However, the tangled web of unpaid loans and potential second-buyer claims remains under investigation. Affected customers are now exploring a class-action lawsuit. Read more: You don't have to be a millionaire to gain access to . In fact, you can get started with as little as $10 — here's how Abatecola's ordeal comes amid a nationwide slowdown in vehicle theft and related fraud. The National Insurance Crime Bureau (NICB) found U.S. auto thefts totalled 850,708 in 2024 — down 17% from 2023. The District of Columbia led with the highest rate of 842.40 reported thefts per 100,000 residents, followed by California, with 463.21 thefts per 100,000 residents. Though theft rates have decreased recently, auto criminals have grown more sophisticated in recent years. From title washing, which involves wiping anything perceived as negative — like salvage status or flood damage — from a used vehicle's record to VIN cloning, which masks stolen or damaged vehicles with legitimate identification numbers, it's difficult to know what you're really buying. 'Criminals are employing increasingly sophisticated methods to steal vehicles, including advanced technology to bypass security systems,' warned NICB CEO David J. Glawe in a 2023 report. 'From keyless entry hacks to relay attacks on key fobs, perpetrators exploit vulnerabilities in modern vehicle security measures with alarming success rates.' To protect yourself from fraudulent schemes, prospective buyers and sellers should follow these essential precautions: Obtain lender payoff statements: Before handing over your vehicle, try to secure a bank-issued document confirming that any previous loans are fully satisfied. Ensure an immediate title transfer: Make sure the seller initiates a legal title transfer in your name at closing; unexplained delays are a major red flag. Run a comprehensive history check: A good tip is to use the National Motor Vehicle Title Information System before buying a vehicle you're interested in. Scrutinize online offers: Be wary of below-market prices, vague listings or sellers who resist in-person inspections. Abatecola's saga underscores the fact that anyone can fall victim to an auto scam — despite the decline in reported thefts. How you buy a vehicle — and who you buy it from — deserves just as much thought as how you protect and insure your vehicle after you buy it. By demanding complete documentation and staying vigilant against fraudulent deals, car buyers can keep their dream machines — and their savings — out of the hands of fraudsters. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
The Sun
01-07-2025
- Automotive
- The Sun
Car dealership closes after ‘many years of business' leaving customers to travel 13 miles to nearest branch
A FAMILY-run car dealership group has been forced to close a long-standing Citroen outlet. Daler group Wilmoths has said 'every effort is being made to minimise disruption' after the firm took the decision to shut up shop at their location on Bar End Road, Winchester, Hampshire. 2 2 According to the Hampshire Chronicle, the Wilmoths Citroen has served the local community for 'many years of business' with the future of the site now left 'unclear'. Their report states the location ceased trading on 20 June, following a review as its lease was nearing expiry. Sunil Joshi, managing director, said: "We can confirm that the Wilmoths Winchester Bar End branch is closing. 'The lease for the site was due for renewal, and after careful consideration, we have made the decision not to extend it. "This choice reflects our ongoing efforts to streamline operations while continuing to provide excellent service to our customers, many of whom are also able to access our nearby Wilmoths Southampton branch. "We are committed to keeping our customers informed and ensuring a smooth transition. "Every effort is being made to minimise disruption and maintain the high level of service our customers expect." The aforementioned Wilmoths Southampton branch is located some 13 miles away. The brand, which also trades as Jarretts, represents Citroen, DS, Fiat, Abarth and Peugeot, with sites found across Kent, Hampshire, Berskhire, Sussex and Surrey. HIT THE BRAKES After a problem-strewn period of months, Nissan has confirmed it will be axing hundreds of jobs at one of its Sunderland factory. New Nissan Leaf tested - it's bigger, better and goes further The move comes after the firm reported £4 billion losses in the last financial year. 250 jobs will be cut under a "voluntary leave scheme" letting employees choose to leave their roles with support from the company. It comes just weeks after the Japanese firm announced the new Nissan Leaf would be made at the Sunderland site. The job losses will hit non-manufacturing positions with around 250 staff to be made redundant. Nissan has announced the cuts amid a desperate bid to balance the books and support a global effort to become a more "resilient business." The attempts to save the brand were ramped up after merger talks with Honda fell through. Earlier this year the firm announced 20,000 job losses, seven factory closures and a pause on all post-2026 new car development. The closures of seven of its factories would see the brand limited to just 10 sites.
