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Connecticut towing firms undervalued luxury cars to sell them quickly, bypassing new rules, with no enforcement in place.
A review of over 6,000 towing forms in Connecticut reveals widespread undervaluation of vehicles, including luxury cars, to trigger quick sales within 15 days—before a new 30-day rule took effect in October 2024.
Some tow companies repeatedly listed values at exactly $1,500, enabling rapid resale even for high-end vehicles like a $135,000 Range Rover appraised at $1,475.
The investigation by The Connecticut Mirror and ProPublica found about 150 luxury cars valued below a third of their book value, raising concerns about fairness and transparency.
Despite the new law, the DMV lacks enforcement tools or data to track sales, and critics say towing firms still profit from undervalued vehicles and use personal belongings as leverage to collect fees.
Las empresas de remolque de Connecticut subestimaron los coches de lujo para venderlos rápidamente, eludiendo las nuevas reglas, sin aplicación de la ley.