Last week, the Texas Department of Motor Vehicles Enforcement Division issued a cease-and-desist letter to CarGurus and the state’s dealer association, threatening dealers with fines up to $10,000 a day if the shopping site does not revise its advertising practices.
A study conducted by CarGurus found that dealers located closer to a major city tend to offer better deals on used inventory than stores located more than 50 miles outside of a metropolitan area.
CarGurus, an auto research and shopping site, expects prices on fuel-efficient, used vehicles to increase 15 percent by August as gas prices continue to approach $4.50 a gallon.
A new study from CarGurus showed that cities in the Midwest, such as Detroit and St. Louis, topped the list while West Coast cities like San Francisco and Los Angeles were at the bottom.
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