AAH #55 – Car Wreck

May 14th, 2010 at 11:54am

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(Archived video and chat after the jump below)

This week we welcome the author of the book Car Wreck, Mark Ragsdale, a former dealership owner and operator that says the U.S. auto industry took the American public for a ride. By the way, he wonders, why has there never been a dealer on an auto company’s board of directors? And, according to Ragsdale, you should never buy a new car again–only lease, and he’ll tell us why. Of course, we’ll get into the news of the week: Chrysler posts a profit, the UAW wants more compensation, and sales slow down in China. John McElroy’s in studio with Peter De Lorenzo, the Autoextremist, and David Welch from Bloomberg BusinessWeek.

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One Comment to “AAH #55 – Car Wreck”

  1. Scott Wetterau Says:

    I have always recommended leasing to my clients because of the financial protection it affords. Forgot about the dumping to fleets and rentals as another devalueing agent. (like carfax, etc…)
    remember we are consultants in more than just product knowledge.