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The Federal Trade Commission announced a new rule Tuesday that is intended to stop auto dealers from using hidden fees and bait and switch price tactics on buyers. FTC reveals new rule targeting ...
The FTC originally proposed what became the CARS Rule in June 2022. In July 2023, a group of 17 Democratic U.S. lawmakers issued a statement asking the FTC to finalize those rules.
The electric car company Tesla has faced dealership disputes in several US states as a result of local laws. In the United States, direct manufacturer auto sales are prohibited in many states by franchise laws requiring that new cars be sold only by independent dealers.
While the FTC did not name any companies in its release, other of the biggest auto dealers include AutoNation, Penske, Lithia Motors, CarMax, Group 1 Automotive and Sonic Automotive. None had an ...
Typical car dealership (in this case a Jeep dealer) in the U.S. selling used cars outside, new cars in the showroom, as well as a vehicle entrance to the parts and service area in the back of the building An aerial view of auto dealer's service in Kuopio, Finland Service and repair entrance Auto dealer's service and repair facility Dealer for vintage cars
In a letter requested by John Dingell, ranking member of the House Energy and Commerce committee, the FTC noted of 6,786 complaints relating to auto parts and repairs it had received between January 1, 1996, and May 16, 2006, only two complaints were relevant and there were "none relating to the inability of consumers or independent auto repair ...
In the United States, the Federal Trade Commission has oversight of franchising, rather than the US Securities and Exchange Commission. [citation needed] [clarification needed] The FTC administrates oversight via the FTC franchise rule. [1] The FTC announced an update to the franchise Rule on January 23, 2007, becoming effective July 1, 2007. [2]
In July 2021, the Biden administration issued an executive order to the FTC [76] and the Department of Agriculture [77] to widely improve access to repair for both consumers and farmers. The executive order to the FTC included instructions to craft rules to prevent manufacturers from preventing repairs performed by owners or independent repair ...