Elizabeth Warren's demagoguing false claim that "auto dealer markups cost consumer $26 billion a year" has earned the worst possible score of misrepresentation by the Washington Post.
From the Post:
"...we did become curious about a statistic that Warren has frequently cited — that “auto dealer markups cost consumers $26 billion a year.” She referenced a 2011 report released by the Center for Responsible Lending (CRL), which describes itself as a nonpartisan, nonprofit organization that fights “predatory lending practices.”
"How accurate is this $26 billion figure and is Warren describing it correctly?
"Warren incorrectly characterizes it. She claimed that the study showed “auto dealer markups cost consumers $26 billion a year.” But Kukla acknowledged that this figure includes compensation for dealers who arranged the loans for car buyers.