The New York Times weighs in on the disaster for consumers that has resulted from the state’s “vicarious liability” law. Porsche and Hyundai are the latest automakers to suspend leasing in the Empire State. “In 2002, 224,000 New Yorkers leased cars, according to the Alliance of Automobile Manufacturers. Last year, that number dropped to 142,656.” (Marc Santora, “Many Carmakers Stop Leasing in New York, Citing Accident Liability Law”, Apr. 24). For our earlier coverage of the issue, see Apr. 2 and links from there.
Update: Gotham’s car-leasing calamity
The New York Times weighs in on the disaster for consumers that has resulted from the state’s “vicarious liability” law. Porsche and Hyundai are the latest automakers to suspend leasing in the Empire State. “In 2002, 224,000 New Yorkers leased cars, according to the Alliance of Automobile Manufacturers. Last year, that number dropped to 142,656.” […]
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