DETROIT – Federal legislation is needed to prevent flood-damaged vehicles from making their way to dealers’ lots and consumers’ driveways, says Jack Kain, chairman of the National Automobile Dealers Assn. “Massive storms like Katrina have a way of showing us exactly where our weaknesses lie,” he says. “And one of our weaknesses, in the largest sector of the U.S. retail economy, is a lack of accurate and timely title information.” Jack Kain That lets illicit salvage handlers ...
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