In used Ferrari case, damages against Ark. dealer cut from $5.8M to $500,000

A Ferrari F430 Scuderia at the Frankfurt auto show in Sept. 2007 (REUTERS)

February 08, 2019 08:16 PM

After a jury in September awarded $5.8 million in punitive damages against Silverstar Automotive over a used Ferrari it sold, the retailer appealed, arguing that the punishment was excessive and unlawful.

Featured Stories

Toyota weighs building more RAV4s in the U.S. in response to tariffs, report says

Dealership buy-sell database updates: Top 150 groups among buyers, sellers in deals across 6 states

Outgoing Lincoln chief: Luxury brand’s future focused on wellness

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

Latest News

Why steel and aluminum tariffs are keeping auto suppliers up at night

Dealership buy-sell database updates: Top 150 groups among buyers, sellers in deals across 6 states

Tesla speeds up odometers to avoid warranty repairs, U.S. lawsuit claims

Toyota weighs building more RAV4s in the U.S. in response to tariffs, report says

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Tesla store reclaims Cybertruck after 5-day ‘test drive’

Hertz jumps after Pershing Square discloses large stake

Dealerships adopt ‘business as usual’ mindset amid tariff uncertainty

1 p.m. EDT live talk on tariffs and car pricing

Staying current is easy with newsletters delivered straight to your inbox.