Carvana Surrenders Michigan Dealer License But Will Still Sell Cars In The State | Carscoops carscoops
, Carvana’s senior associate general counsel said the company voluntarily surrendered their dealer license for three years. After that time period, the company can apply for a Michigan dealer license once again.Carvana Considers Further Legal Options After Judge Denies Temporary Restraining Order Against Michigan
The move was confirmed by Jake Rollow, the chief external affairs officer for Michigan Secretary of State Jocelyn Benson, who told the publication “To save taxpayer dollars … it is standard practice for our department to offer plea deals to dealerships that violate the law and are likely to have their licenses revoked.” He went on to say the Carvana dealership “agreed it had violated the law and to have its dealer license revoked, and be barred from reapplying for a new license for three years.
While this would seemingly prevent Carvana from doing business in Michigan, that’s not the case. Quite the opposite as Michigan residents will still be able to purchase a car online and have it delivered to them. The paper says this is possible “due to Michigan law allowing e-commerce activity.”Furthermore, Carvana will effectively eschew Michigan regulators by using its Arizona license to do business in the Great Lakes state.
Carvana’s Chris Olson told the publication they “offer [an] Arizona-based program in 18 states” and they’re “happy to do this model.” He added the company is trying to address its
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Carvana cutting more staff as sales continue to decline: WSJCarvana Co. is cutting more staff as sales fall and it tries to rein in costs and conserve cash to cover more than $7 billion of debt, the Wall Street...
Les mer »
WSJ News Exclusive | Carvana Cuts Workers Amid Slowing Sales and Debt SqueezeBusiness is deteriorating rapidly at used-car seller Carvana, which is cutting hours for its staff and big rounds of layoffs. The slowdown will make it harder for the company to keep servicing its heavy debt load.
Les mer »
Jack Ma surrenders control of fintech giant Ant GroupChina’s major fintech and blockchain innovator Ant Group will now have a new corporate structure where shareholders independently exercise their voting rights.
Les mer »
Feds charge Bay Area luxury car dealer with bilking clients on car prices, tax evasionThe owner of a Corte Madera luxury car dealer, Cars Dawydiak, is accused of defrauding consignment sellers and concealing overtime pay in a payroll tax evasion scheme.
Les mer »
Michigan and California institutions ban the word 'field' as racistThe Michigan Department of Health and Human Services and the University of Southern California's school of social work have taken steps to ban the word 'field' on official documents, citing racist implications.
Les mer »
Michigan’s Muslim-majority city council approves animal sacrifice for religious purposesThe Hamtramck City Council, whose members are all Muslims, approved the practice, 3-2, Tuesday.
Les mer »