Toyota Owners Sue Toyota as the Resale Value of Their Cars Drop
AP reports:
Toyota owners suing the company contend their vehicles have dropped in value because of the recalls and that Toyota knew all along about safety problems but concealed them from buyers. They point to evidence such as Kelley Blue Book's decision this month to lower the resale value of recalled Toyotas an average of 3.5 percent, ranging from $300 less for a Corolla to $750 less for a Sequoia.Like I said, it's a great time to buy a slightly used Toyota.
ViaWalterBlock
Posted by Robert Wenzel at 6:24 PM
2 Comments
2 Comments:
That's weird, I didn't realize you had a property right in the value other people place on your vehicle.
Is this some new, cool form of IP I don't know about?
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