BenzeEN Auto Parts, a major auto parts maker in the United States, has been at the center of a scandal involving the sale of used cars for decades.
The company has been accused of making tens of millions of dollars of profit from the sales of used vehicles, including more than 30 million vehicles that were sold to customers at inflated prices.
The scandal, which came to light in February 2018, has sparked a national conversation about whether big auto companies should be required to buy used vehicles from car buyers.
Here are some key points about Benzeeny.
What are used auto parts?
Used auto parts are parts that were made by manufacturers who used the parts to produce parts for the auto industry.
They are sold for between $5 and $10 each, according to the National Automobile Dealers Association.
A used car is worth less than the original one that was used.
Some used auto dealerships charge more for used vehicles.
Benzeeni, whose company also makes parts for parts companies like Mazda, makes used cars at its plant in Kansas City, Missouri.
A spokesperson for Benzeena said the company had no comment at the time of publication.
What’s the legal situation?
Used car dealerships and car buyers in some states, including California, have the right to demand the return of vehicles once they are returned, even if they have been sold at inflated rates.
The issue of inflated used car prices was a hot topic when former Rep. Maxine Waters (D-Calif.) was first elected to Congress in 2018.
She introduced a bill that would require automakers to pay their dealers for used cars that were not sold at a profit.
The bill, known as the CARFAX Act, failed to gain enough support to pass.
The idea of forcing auto manufacturers to buy their used cars back was supported by some conservative politicians, including Rep. Pete Sessions (R-Texas), who has said that the U.S. should “make a huge investment in getting used cars off the roads and back to the places where they were built.”
The issue was also brought up in the Senate, where Sen. Bernie Sanders (I-Vt.) introduced a similar bill.
It passed the Senate Judiciary Committee in April 2019, but died in the full Senate.
What does the CARFE Act do?
The CARFA X Act would require manufacturers of used auto products to provide a written warranty for their used vehicles to consumers.
That warranty would cover defects caused by the use of the product and would cover repairs, repairs for which a deductible would be included.
How would it work?
The bill also would require companies to pay a deductible for parts sold at “fair market value.”
That deductible would apply to any repair costs for any repair or replacement part that is used.
If an auto manufacturer does not meet the deductible requirements, the manufacturer would be subject to civil penalties for not meeting them.
If a manufacturer does meet the requirements, it would not be required, however, to give consumers any information about the repairs or replacements they ordered or the cost of those repairs or replacement parts.
The House of Representatives passed the CAR FE Act in December 2018 and was scheduled to take up the CAR FAX Act in March 2019.
In the Senate and the House, the CARPA passed both committees in June 2019.
What about states that do not have a law requiring a written auto warranty?
Some states, such as California, do not require manufacturers to purchase used cars from car owners at inflated price points.
But other states, like New Jersey, require that car dealers buy used cars directly from buyers.
How does that affect Benzeene?
The car dealers that operate Benzeenny are required to pay Benzeenos costs related to the sale, the spokesman said.
The spokesman said the retailer is currently “conducting an independent review of our use of used vehicle parts program.”