Money

Used Car Dealerships Sell The Same Cars Over And Over

08/16/2012 08:23am ET | Updated October 16, 2012
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In July 2009, an educational charity sold an 11-year-old Oldsmobile Intrigue at auction, where it was bought by Auto World Auto Sales.

The Sacramento dealership, which advertises "in-house financing," put the aging sedan on its lot and quickly found a buyer willing to pay $4,899. Six weeks later it was repossessed and sold to someone else. A few months later, the car was repossessed and sold again. And again. And again. And again.