Small Businesses Hurt by VW Emissions Scandal
The Volkswagen emissions scandal has created a great deal of hype and outrage. For some background, read my post from last week. As my Injury Board colleague in Baton Rouge astutely pointed out, consumers are not the only ones affected by Volkswagen’s deception and subsequent recall. Small businesses, mainly used car dealerships, will also suffer.
Used car dealerships make the decision to purchase cars, or inventory, with the goal of selling them as quickly as possible. Dealerships who purchased used Volkswagen vehicles for their inventory, unknowingly buying vehicles that would later be tainted …read more