Carvana could lose its Florida dealership license


Authorities in Florida may soon suspend used car retailer Carvana’s dealership license after growing issues with title transfers, Seeking Alpha reported on Monday (December 20th).

The Florida Department of Highway Safety and Motor Vehicles emailed Carvana, saying it “remains concerned about Carvana’s apparent inability to comply with the provisions of Florida law requiring a dealer to apply for a title. within 30 days of the sale and the impact it has on consumers in Florida.

The department’s email gives Carvana a deadline of Jan.31, 2022 before the agency takes administrative action to suspend Carvana’s Florida dealership license. The email exchange includes a list of 300 Carvana vehicle sales with titles pending transfer, including 100 in Florida.

Related: Carvana Says Partnerships Offer New Horizontal and Vertical Opportunities

In its November earnings call, Carvana highlighted its collaborations with car rental company Hertz on an online sales channel and operator InsurTech Root to develop integrated auto insurance solutions for the platform. online car purchase from Carvana.

After testing the offering in September, Carvana and Hertz are partnering nationally, allowing Hertz to use Carvana’s online transaction technology and logistics network as another channel to sell used vehicles. of its rental fleet.

Carvana’s logistics network will enable Hertz to extend its commercial reach beyond its 68 Hertz Car Sales sites in 300 US markets. Root integrates auto insurance alongside the existing car buying and financing experience offered to customers on the online car buying platform.

See also: Carvana in the crosshairs of the government after an increase in complaints

Carvana is on probation in Michigan after breaking state laws, including some related to transfer of titles and records, the outlet reported, and was fined $ 10,500 in Texas for paperwork issues.

In August, Carvana was suspended for six months from selling cars at its Raleigh, North Carolina dealership because it violated state dealer licensing laws. Another place was put on probation for over a year.

The company also paid four counties in California $ 850,000 in a civil lawsuit when Carvana sold and transported cars without the proper permits.

The Better Business Bureau received 899 complaints from Carvana buyers this year through the end of September, more than double the 411 problems reported to the BBB with competitor CarMax. Carvana customers have also filed dozens of complaints with officials in Ohio, Texas, Georgia and North Carolina.

——————————

NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

On:More than half of American consumers think biometric authentication methods are faster, more convenient, and more reliable than passwords or PINs, so why are less than 10% using them? PYMNTS, working with Mitek, surveyed over 2,200 consumers to better define this perception gap in usage and identify ways in which businesses can increase usage.


Comments are closed.