Condition:
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Used: A vehicle is considered used if it has been registered and issued a title. Used vehicles have had at
least one previous owner. The condition of the exterior, interior and engine can vary depending on the vehicle's history. See the seller's listing for full details and description of any imperfections.
...
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VIN (Vehicle Identification Number): JTEBU5JR0B5066654
Year: 2011
Number of Cylinders: 6
Make: Toyota
Model: 4Runner
Trim: LIMITED 4WHEEL DRIVE
Warranty: Vehicle has an existing warranty
Drive Type: 4WHEEL DRIVE
Options: Sunroof, 4-Wheel Drive, Leather Seats, CD Player
Mileage: 43,112
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Sub Model: LIMITED 4WHEEL DRIVE
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Exterior Color: PEARL WHITE
Interior Color: Tan
<
Harrison Auto Sales
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PRESENTS
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2011 Toyota 4Runner....4Wheel Drive
4.0 Liter......6-Cyclinder
"Limited" Model!!...Leather!!...Heated
Seats!!
Factory Glass Moon-roof!!
"Very Desirable" Toyota Factory Navigation!!
Back-Up Camera
1-Owner 4Runner....There is a
Difference
**Carfax Certified!!..Buy With Confidence!!**
****Only 43,112 Actual Miles!!****
Serviced.....................Inspected
5Year/60,000Mile Factory Powertrain
Warranty
A "NO RISK" PURCHASE HERE ON EBAY
YOU WON'T BE DISAPPOINTED!!
Aggressively "PRICED RIGHT" To Sell
Fast!!
Why Pay New Toyota Dealership Prices??
DON'T WAIT & MISS OUT!!
BUY-IT-NOW!!!
PLEASE DO NOT EMAIL ME AND ASK WHAT THE RESERVE
PRICE OF THIS AUCTION IS. I HAVE BEEN OVERWHELMED BY EMAILS WITH THIS
QUESTION. AS A SELLER FOR OVER 12-YEARS ON EBAY I DO NOT UNDERSTAND THIS
THINKING....IT IS MY POLICY NOT TO DISCLOSE THE RESERVE PRICE ON MY
AUCTIONS. ALL MY VEHICLES ARE PRICED VERY FAIRLY & ALSO VERY
COMPETITIVELY. THANK-YOU FOR YOU UNDERSTANDING IN REGARDS TO THIS
PROCEDURE.
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2011 Toyota 4Runner "Limited"........4Wheel Drive
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ONLY 43,112 ACTUAL MILES!!....SERVICED WITH NEW STATE INSPECTION &
EMISSION!!
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WHY
DO WE DO PRIVATE AUCTIONS?
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As you can see by our feedback, Harrison Auto Sales is a
recognized & trusted seller here on Ebay for the last 12 years. This simply means we have completed
many, many auctions with very favorable feedback. Based on our years
of selling experience on eBay, we have seen many ways in which people try
to get around the rules and fees of eBay. One thing that these other
people do is email and harass bidders of our auctions trying to get them
to buy their cars and in many instances those automobiles aren't even
listed on eBay. The only way that we can protect our bidders and
ensure them a positive experience is to do a private auction. In
fact, eBay even recommended this to us. All that this does is
protect the bidders identity from unwanted solicitation. As you can
see from our more than 1000 positive
feedback history, we have nothing to hide. We are simply doing this
to make your eBay experience with Harrison Auto Sales as pleasurable as
possible.
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MAKE
SURE TO CHECK OUT ALL OF THE PICTURES BELOW!!
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WELCOME ALL
E-BAYER'S..........HARRISON AUTO SALES IS PLEASED TO OFFER THIS GREAT
OPPORTUNITY TO PURCHASE ONE OF THE MOST POPULAR IMPORT SPORT
UTILITY VEHICLES ON THE ROAD TODAY!!!......THE EVER POPULAR TOYOTA
4RUNNER.......AND WHAT MAKES IT EVEN BETTER IS THIS ONE IS THE
"LIMITED" MODEL, AND YES IT IS A 4WHEEL DRIVE MODEL...........THIS
WAS A LOCAL NEW CAR DEALER TRADE-IN....PLEASE DO NOT CONFUSE THIS
QUALITY TOYOTA WITH SOME RE-SCUFFLED AUCTION VEHICLE LIKE OTHER
DEALERS ARE SELLING HERE ON EBAY!!.............I SELL ONLY
PREMIUM MERCHANDISE HERE ON EBAY AT VERY REASONABLE PRICES!
IT HAS ALL THE RIGHT EQUIPMENT YOU WOULD WANT IF YOU HAD ORDERED THIS
ONE BRAND NEW!!....FULL POWER EQUIPMENT, LEATHER INTERIOR,
FACTORY AM/FM STEREO, FACTORY NAVIGATION, FACTORY
GLASS POWER MOON-ROOF, ALLOY WHEELS, AND MUCH MUCH MORE!!...BID
WITH CONFIDENCE AS YOU ARE LOOKING AT A VEHICLE THAT IS COVERED BY THE
TOYOTA FACTORY POWERTRAIN WARRANTY. PEACE OF MIND WITH YOUR PURCHASE
FROM HARRISON AUTO HERE ON EBAY!!
THIS 4RUNNER IS IN EXCELLENT CONDITION....WE HAVE SERVICED AND STATE INSPECTED
IT.......AND IT IS READY FOR MANY MILES OF DRIVING PLEASURE FOR
YOU!!!........AS YOU CAN SEE FROM THE MANY INTERIOR PICTURES THE
INTERIOR SURFACES ARE IN EXCELLENT CONDITION......NO STORIES OR
ACCIDENT HISTORY HERE.........BUY WITH
CONFIDENCE....CHECK OUR FEEDBACK!!!....WE WANT TO EXCEED ALL OF OUR
CUSTOMER'S EXPECTATIONS!!!......I DO NOT BELIEVE IN LONG
DESCRIPTIONS HERE ON EBAY...THERE IS A COMPLETE LIST OF ALL THE
EQUIPMENT LISTED BELOW AND MANY PICTURES SO YOU CAN HAVE A VIRTUAL TOUR
OF THIS FINE AUTOMOBILE....IF YOU WOULD HAVE ANY FURTHER
QUESTIONS....FEEL FREE TO EMAIL ME AT
BRAD@HARRISONAUTOS.COM AND I
WILL BE SURE TO ANSWER ALL EMAILS AS PROMPTLY AS POSSIBLE...THANK YOU
FOR YOUR INTEREST AND GOOD LUCK BIDDING!!!
****VERY IMPORTANT...PLEASE READ
THE FOLLOWING PARAGRAPH****
P.S. WE LIKE TO REMIND YOU THAT WE WELCOME PRE-BUY
INSPECTIONS. I AM SURE THAT YOU WILL BE MORE THAN SATISFIED WITH THE
CONDITION OF THIS VEHICLE. AS MANY KNOW ALREADY...THERE ARE MANY
VEHICLES FOR SALE BOTH IN YOUR LOCAL COMMUNITY & ON THE INTERNET.
I SELL ONLY TOP QUALITY, "PREMIUM"
MERCHANDISE AND THIS IS WHAT I FEEL SETS ME, MY PRODUCT, AND MY
DEALERSHIP APART FROM ALL OTHERS. I ENCOURAGE YOU TO TALK WITH
OTHERS THAT HAVE MADE A PURCHASE FROM ME AND YOU WILL SEE THERE IS A
DIFFERENCE!! I FEEL THIS SHOULD PUT CONFIDENCE IN THE
BUYERS HERE ON EBAY...IF THERE WERE PROBLEMS WITH THE VEHICLE OR THE
PRODUCT I WOULD NOT ENCOURAGE THIS....I WANT ALL MY CUSTOMERS TO BE
HAPPY WITH THEIR PURCHASE FROM ME.
*************************************************************************
ALSO.....AS YOU CAN SEE WE HAVE ADDED
A BUY-IT-NOW OPTION TO THIS AUCTION.......IF YOU LIKE, YOU CAN USE THIS
TO PURCHASE THE VEHICLE BEFORE THE AUCTION ENDS OR BEFORE ANOTHER SMART
& EDUCATED E-BAYER GETS A GREAT DEAL ON THIS VEHICLE...BEFORE
CHOOSING THIS OPTION PLEASE HAVE
ALL OF YOUR FINANCIAL ARRANGEMENTS IN ORDER.....WE MAKE BUYING A CAR THE MOST PLEASURABLE AND
HASSLE FREE THAT YOU WILL FIND ANYWHERE ON THE INTERNET.
DON'T MISS OUT ON THIS OPPORTUNITY TO
PURCHASE A VEHICLE FROM A REPUTABLE SELLER HERE ON EBAY AT A TREMENDOUS
SAVINGS!!!.........THIS IS GOING TO BE A GREAT DEAL FOR THE RIGHT
PERSON!!
AS ALWAYS PLEASE REMEMBER THAT WE RESERVE THE RIGHT TO END
THIS AUCTION AT ANYTIME AS WE ARE IN THE RETAIL AUTOMOBILE
INDUSTRY.....BUT ONCE THE RESERVE HAS BEEN MET HERE ON EBAY THE
VEHICLE WILL NO LONGER BE FOR SALE AT OUR RETAIL LOCATION AND WILL BE
SOLD TO THE HIGHEST BIDDER HERE ON EBAY....BID EARLY!!!!...BID TO WIN!!!
**********************************************************************************
PLEASE TAKE A MOMENT TO LOOK OVER A COMPLETE LIST OF
THE OPTIONS LISTED BELOW AND PLEASE BE PATIENT WHILE ALL OUR PICTURES
UPLOAD. WE TRY TO BE VERY SPECIFIC AND TAKE TIME TO LIST ALL THE
OPTIONS. ALSO WE MAKE A HABIT OF DRIVING ALL OUR VEHICLES WHILE THEY ARE
LISTED TO MAKE SURE THAT AT THE END OF THE AUCTION AND AT THE TIME
OF DELIVERY ALL VEHICLES WILL BE 100% AND READY TO GO...SO WHAT THIS
MEANS IS TO EXPECT UP TO 500 OR SO MORE MILES ON THE VEHICLE THAN WHAT
IS LISTED IN THE AUCTION...WE WANT ALL OUR CUSTOMERS TO BE HAPPY ONES. ALSO
PLEASE BE SURE TO READ ALL THE TERMS AND CONDITIONS BY WHICH WE SELL OUR
VEHICLES HERE ON EBAY...THESE TERMS ARE NON-NEGOTIABLE AND IF YOU CANNOT
STAY WITHIN THESE GUIDELINES THEN WE WOULD RESPECTFULLY ASK YOU NOT TO
BID ON OUR VEHICLES.....GOOD LUCK AND ALWAYS HAPPY BIDDING |
-
2011 TOYOTA 4RUNNER "LIMITED"
MODEL -
4WHEEL DRIVE -
EXTERIOR
COLOR...........................WHITE -
INTERIOR
COLOR............................TAN LEATHER -
6CYLINDER
ENGINE -
DRIVER'S SIDE & PASSENGER AIR BAGS -
AUTOMATIC TRANSMISSION -
AIR CONDITIONING -
MULTI-FUNCTION TILT STEERING WHEEL -
CRUISE CONTROL -
POWER WINDOWS -
POWER DOOR LOCKS -
DUAL POWER MIRRORS -
DUAL POWER & "HEATED"
FRONT SEATS -
DRIVER'S SIDE POWER ADJUSTABLE
LUMBAR SUPPORT -
FACTORY AM/FM STEREO WITH CD
CHANGER AND SATELLITE RADIO -
FACTORY GLASS POWER MOON-ROOF -
TOYOTA FACTORY NAVIGATION
AND BACK UP CAMERA -
BLUETOOTH
CAPABILITY -
ALLOY WHEELS -
FACTORY TOW HITCH -
REMOTE KEYLESS ENTRY -
BALANCE OF THE FACTORY POWERTRAIN WARRANTY THAT IS GOOD FOR 5-YEARS
OR 60,000 MILES FROM THE ORIGINAL IN-SERVICE DATE OF 9/3/11......ALMOST LIKE
BUYING A NEW CAR!! -
SERVICED AND PENNSYLVANIA
STATE & EMISSION TESTED!! -
ONLY 43,112 ACTUAL MILES!!!! -
AND MUCH MUCH MORE.......
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MAKE
SURE THAT YOU ARE BUYING A QUALITY VEHICLE!!!
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Check out the clean car history at: http://kbb.com
brad@harrisonautos.com. We do reserve the right to end this auction at anytime.
GOVERNING LAW; FORUM SELECTION. This
agreement shall be governed by the laws of the state of Pennsylvania,
without reference to its conflict of laws principals. All disputes
arising out of this agreement shall be subject to exclusive jurisdiction
and venue of the Pennsylvania state courts of Allegheny County,
Pennsylvania (or, if there is exclusive federal jurisdiction, the United
States District Court for the Western District of Pennsylvania), and the
parties hereby consent to the personal and exclusive jurisdiction of these
courts. |
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FINANCING YOUR VEHICLE |
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Please be sure to have financing arranged before the
end of the auction. |
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PICKING
UP YOUR VEHICLE
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All
vehicles will be picked up at out retail location just outside of
downtown Pittsburgh. We are conveniently located near the
Pittsburgh International Airport, the Greyhound Bus Station, and the
Amtrak Train Station. As a courtesy to all of our eBay customers,
we would be happy to pick you up from any of these locations at no
charge. Please be sure to communicate your travel plans to us by
emailing us at brad@harrisonautos.com
so that we can make sure that we make your trip a pleasant one.
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SHIPPING
YOUR VEHICLE
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For those that do not pick up vehicle from our
retail location, all associated costs with shipping the vehicle is
the sole responsibility of the buyer. A good resource to estimate
and arrange shipment is Dependable Auto Shippers.
You can contact Brad Simon at 1-888-871-8590. As an
alternative you can click the link at the end of this paragraph to get a
quote as well. Please do NOT
e-mail us and ask for shipping rates or for us to arrange shipping as
this is the only part of the transaction that is the sole responsibility
of the buyer. For an accurate quote from the shipping companies,
every vehicle will be picked up at our retail location at 12451 Route
30, Irwin, PA 15642.
Get a free quote for shipping
your new vehicle. Follow this link...
http://www.das.com Or
you can contact United Auto Shippers at
www.unitedautotransporter.com and their phone number is 817-847-6474
and please ask for Connie. She is our contact person there. |
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WARRANTY
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Our
vehicles are sold AS-IS unless otherwise stated that it is still
under factory warranty. If possible, we will provide an in-service
date of the vehicle for sale, the length of factory warranty, and the
expiration date of the factory warranty. Most of our vehicles are
eligible for an after market warranty offered through Guardian. If
you are interested if this vehicle is eligible and the associated cost,
just drop us an email at
brad@harrisonautos.com.
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VEHICLE
CONDITION AND DISCLAIMER
|
| We
take great pride in selling the finest of pre-owned vehicles.
However, please remember that you a bidding on a pre-owned
vehicle. All pre-owned vehicles may or may not have chips, dings,
dents, scratches, scrapes, or imperfections due to normal everyday use
by the previous owner. We try our best to describe our
vehicles as honest and accurately as possible. A significant
percentage of our business is from repeat customers and referrals as we
make sure that all of our customers are happy. We encourage all
bidders to view the vehicle before bidding at our retail location.
We also welcome pre-buy inspections as well. If you have any
questions or wish to make arrangements to view a vehicle, just drop us
an email at brad@harrisonautos.com.
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WHO
IS HARRISON AUTO SALES? WHY BUY FROM US?
|
| Harrison
Auto Sales has been a licensed independent automobile dealership in the
state of Pennsylvania. We are a member of PIADA
(Pennsylvania Independent Automobile Dealers Association) and the Better
Business Bureau. We have an excellent reputation for delivering
competitively priced high quality pre-owned vehicles. We take pride in the products that we sell and
strive to exceed our customers expectations. For many years, we
have satisfied all types of customers - from the refined tastes of
corporate executives to the distinguished style of today's professional
athletes, including many Pittsburgh Steelers. Harrison Auto Sales
is a name that you can trust to deliver your next top quality vehicle.
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CONTACTING
US
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We
are SERIOUS about selling this vehicle and we expect you to be SERIOUS
about buying this vehicle. All of our auctions are handled by
professionals that are experienced in distant purchases. Given
this, it is important that all communication concerning this vehicle is
sent to brad@harrisonautos.com.
You can expect a prompt reply to all questions that you may have or drop
us a note with your name and number and we will promptly call you.
Please do not call our dealership as they cannot handle these requests.
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IMPORTANT NOTE!!...........PLEASE READ CAREFULLY |
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It is important to
read our description fully and do not assume anything. As these
are pre-owned vehicles, sometimes we do not receive all of the
accessories items that came with the car from the factory. For
example, extra keys, books & owners
manuals, remote entry key fobs, factory floor mats, tool
kits, cd cartridges, etc. We try very hard to include these items if
they have remained with the vehicle when we purchased it. Such items are
available at your local franchised dealership. If any of these items are
important to you.....please do not assume they are included with the
sale of this fine automobile.....instead make sure you email us @
brad@harrisonautos.com. In any
instance, we will not be responsible for any missing minor accessory.
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PICTURES!!!
PICTURES!!! PICTURES!!! PICTURES!!! PICTURES!!!
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Please
be patient while the 35
pictures
download. We try to provide as many pictures as possible to give
you a virtual tour of the vehicle. We feel that all of the
pictures give you a realistic visual of the quality of the
vehicle.
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LOADED!!....LIMITED!!...NAVIGATION!! PRICED RIGHT!!....DON'T MISS OUT!! FACTORY POWERTRAIN WARRANTY!!...BUY WITH CONFIDENCE!! TAKE A TRIP TO YOUR LOCAL
FRANCHISED TOYOTA DEALERSHIP AND SEE IF YOU CAN BUY THE SAME VEHICLE I AM SELLING
FOR AT THIS PRICE....I PRICE MY VEHICLES RIGHT SO YOU DO NOT HAVE TO THINK LONG
AND MAKE A HARD DECISION.....I MAKE IT EASY FOR YOU HERE ON EBAY!! BUY WITH CONFIDENCE FROM A
REPUTABLE SELLER HERE ON EBAY....LOOK AT MY FEEDBACK AND SEE HOW I HAVE SATISFIED
MANY OTHER BUYERS HERE ON EBAY....YOUR SATISFACTION IS MY #1 GOAL!!!
![]()
![]() HOOD AREA IS CLEAN & NOT ALL CHIPPED &
NICKED UP. I SELL ONLY PREMIUM MERCHANDISED HERE ON EBAY. BUY WITH CONFIDENCE
FROM A REPUTABLE SELLER HERE ON EBAY.....HARRISON AUTO!!
![]()
![]()
![]()
![]() FACTORY TOW HITCH
![]() DISCLOSURE....VERY
LIGHT SCRATCH ON REAR BUMPER. HARD TO SEE UNLESS UP REALLY CLOSE. MANY SELLER'S
MAY NOT MENTION THIS, AT HARRISON AUTO WE DO IT RIGHT!! LOOK AT MY FEEDBACK AND
BUY WITH CONFIDENCE!!
![]()
![]() LOOKS GREAT FROM EVERY ANGLE !!!
![]()
![]() CLEAN BUMPER CORNERS
![]()
![]()
![]()
![]() LEATHER INTERIOR IS IN GREAT CONDITION
![]()
![]() FACTORY GLASS POWER SUNROOF
![]()
![]() LOW MILES!! BALANCE OF THE FACTORY POWER-TRAIN WARRANTY
![]() MULTI-FUNCTION STEERING WHEEL
![]()
![]() PUSH BUTTON START
![]() "RARE & DESIRABLE" FACTORY NAVIGATION.....
![]() ....AND BACK UP CAMERA
![]() DUAL "HEATED"
FRONT SEATS
![]() ALL CARPET AREAS ARE CLEAN & IN GREAT
CONDITION
![]()
![]()
![]() FACTORY FLOOR MATS ARE PRESENT REAR CARGO AREA IS CLEAN
![]() THE "FAMOUS"
TOYOTA POWER PLANT
![]() FACTORY ALLOY WHEELS
![]() GOOD TIRE TREAD
![]() FRESH STATE INSPECTION & EMISSION STICKERS
![]() ORIGINAL VIN TAG IN THE DOOR
![]() Aggressively "PRICED
RIGHT" To Sell Fast!! DON'T WAIT & MISS
OUT!!....BUY-IT-NOW!!! WE WELCOME PRE-BUY
INSPECTION...I AM SURE YOU WILL BE MORE THAN SATISFIED WITH THE CONDITION OF
THIS VEHICLE |
Toyota 4Runner for Sale
Auto Services in Pennsylvania
Auto Repair & Service Address: 326 W Ridge Pike, Linfield Phone: (610) 489-7153
Automobile Parts & Supplies, Fuel Economizers Address: 700 Bushkill Dr, Wind-Gap Phone: (610) 253-6215
Auto Repair & Service, Window Tinting, Glass Coating & Tinting Address: 6230 Greenway Ave, Folsom Phone: (215) 724-8886
Auto Repair & Service, Glass-Beveled, Carved, Etched, Ornamental, Etc, Windshield Repair Address: West-Alexander Phone: (724) 523-6553
Auto Repair & Service, Windshield Repair, Glass-Auto, Plate, Window, Etc Address: 6314 State Route 30, Creighton Phone: (724) 523-6553
New Car Dealers, Automobile Body Repairing & Painting, Towing Address: 691 Bethlehem Pike, Foxcroft-Square Phone: (215) 361-0500
Auto blog
Fri, Oct 17 2014
Toyota will begin selling its hydrogen fuel cell vehicle (FCV) in Japan in December. The US and Europe can expect to see the car become available next summer. The FCV, which will likely be called "Mirai" (meaning "future") in Japan, is ready for production ahead of its initial deadline at the end of the fiscal year in March. Toyota planned for annual production of 700 units, but might increase output to meet higher-than-expected demand, which is currently nearing 1,000 units. The cars will mostly be sold in the four cities where a hydrogen fueling infrastructure is already being put in place: Tokyo, Nagoya, Osaka and Fukuoka. Read more at Nikkei Asian Review. Nissan is testing the Leaf EV as part of an energy management system including "Leaf to Home" technology. The system allows the Leaf to help support the power grid during peak energy usage, or provide backup power to a home or building during outages, particularly in emergencies like natural disasters. Using the Leaf's battery to provide electricity during peak hours would lessen the demand on the grid and make the system work more efficiently. Furthermore, if consumers are compensated for the energy saved by using the Leaf for power during periods of high demand, it could encourage more people to adopt the EV. Learn more in the press release below. CDP has given Honda a perfect climate disclosure score in its Global 500 Climate Change Report for 2014. CDP keeps track of how much companies are disclosing about their impact on global climate change. "The need for data on corporate climate change impacts and strategies to reduce them has never been greater," says CDP CEO Paul Simpson. "For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index." Other perfect scores were earned by Nissan, BMW, Daimler and General Motors. Read more in the press release from Honda below. Scientists at Stanford University have developed a lithium ion battery that can warn users before it overheats. A thin layer of copper between the anode and the layer separating the anode from the cathode acts as a sensor. When it detects lithium buildups from overcharging are approaching the separator, it sends an early alert long before it gets to a point where it would cause a short (which could lead to a fire). The new safety measure could be used in all sorts of battery applications, and not be limited to EVs. Learn more at Phys.org.
Fri, Sep 1 2017
DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.
Sat, Sep 19 2015
Kayaba Industry Co, which does business in the US as suspension parts maker KYB, and Sumitomo Electric Industries are facing payments in the millions to settle price-fixing cases about the components that they make. As part of the Department of Justice's ongoing crackdown of price fixing in the auto industry, KYB agreed to pay $62 million and pleaded guilty to conspiracy to set the cost of shock absorbers from the mid '90s through 2012. The company allegedly worked with co-conspirators to keep the cost of the parts high, and those components then made it into vehicles from Honda, Kawasaki, Nissan, Subaru, Suzuki, and Toyota. "Any collusive agreement among competitors to restrict price competition undercuts our free enterprise system and violates the law," said Carter M. Stewart, US Attorney of the Southern District of Ohio, in the DoJ's announcement. Over the past few years, the DoJ has brought cases against 37 parts suppliers and 55 executives, leading to over $2.6 billion in fines. The investigations haven't always been so successful – some of the Japanese execs fled from the US to avoid prosecution. Critics allege that price fixing is simply how business is done. According to Automotive News, Sumitomo Electric Industries is also facing a $50 million settlement in a civil lawsuit that's related to price fixing of parts like wiring harnesses and heater control panels. The plaintiffs include owners and dealers that purchased vehicles with these parts. The company asserts that the violations are from before 2010, and it now has different process in place to avoid further violations. KYB Agrees to Plead Guilty and Pay $62 Million Criminal Fine for Fixing Price of Shock Absorbers Kayaba Industry Co. Ltd., dba KYB Corporation (KYB) has agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to U.S. consumers. According to charges filed today, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissan Motor Company Ltd., Suzuki Motor Corporation and Toyota Motor Company, including their subsidiaries in the United States.
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