I was searching on Ford's lemon law statistics yesterday and stumbled repurchase and repurchase policies on vehicles across an interesting article relating to Ford lemon law. The attached Ford answer is at the end of 1995 and was submitted by a petition against Ford of consumer groups on the Federal Trade Commission.
Ford has answered in this article with various state lemon law requirements some questions about their purchase policy and compliance.The article shows that in 1994, Ford its agents (including Lincoln Mercury) approximately can $400 to $700 per vehicle redemption or repurchase pays. of course, it increased this number now have well more than a decade of 1994.
The article further States rights participates in lemon money laundering Ford's denial-of against. In the article Ford admits that about 95% of its lemon law back or replacement vehicles up, ends in auction, where it is later back to introduce in the stream of Commerce and in the hands of consumers in the pre-owned or used car markets.
If you wondering how many vehicles are reimbursed or repurchased every year at national level, Ford refuses to disclose such information, citing confidentiality.I think it looks like Ford has something to hide... If the reliability of its products is so proud, then why they fear to share this important information? I say that the State of California and Texas, press legislation and Ford for stricter disclosure force two of the largest automotive markets in the United States to disclose more information.
Go for the text of the article here...Download file