Home / News / Some dealers struggling to approve with used-vehicle rule, FTC says

Some dealers struggling to approve with used-vehicle rule, FTC says

WASHINGTON — Just 14 of 94 dealerships legalised by a Federal Trade Commission and internal partners in 20 cities from Apr by Jun had correct buyers guides displayed on a windshields of all used vehicles for sale, a group pronounced Thursday.

Under a Used Car Rule that took outcome Jan. 28, dealerships contingency arrangement updated window stickers, that enclose guaranty and other critical information for consumers, on any used car for sale.

Inspectors found buyers guides on 70 percent of a some-more than 2,300 vehicles checked, with roughly half of those displaying a revised stickers. Thirty-three dealerships had a revised buyers beam on some-more than half their vehicles.

It was a first correspondence sweep underneath a new Used Car Rule. The FTC, that done a change in Nov 2016, pronounced it sent letters to any dealership detailing formula of a investigation and providing recommendation on how to entirely comply.

The dealerships, that were not named, will accept follow-up inspections in a entrance weeks to make certain they have posted a new stickers. Under a FTC Act, dealers who destroy to approve face penalties of adult to $41,484 per violation.

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