Hot Off The Wire:
PR & News FTA Launches New "Combating Auto Retail Scams (CARS)" Rule
- Thread starter clasione
- Start date
Here's a good link for more details: FTC Announces CARS Rule
The Federal Trade Commission (FTC) has announced the CARS (Combating Auto Retail Scams) Rule to combat deceptive practices in vehicle shopping, targeting issues like bait-and-switch tactics and hidden fees. This rule, effective from July 30, 2024, requires dealers to clearly disclose the full price of a vehicle, inform consumers about total payments, and ensure that any add-on products or services are optional and provide actual benefits to the consumer. Dealers must also obtain express, informed consent for any charges.
At PoWĂ Cars, our AI platform enhances transparency and customer service, aiding dealerships in adhering to the latest FTC regulations. We focus on clear communication and streamlined purchasing processes, aligning with the FTC's standards and elevating dealership trustworthiness.
Interested? Let's talk!
The Federal Trade Commission (FTC) has announced the CARS (Combating Auto Retail Scams) Rule to combat deceptive practices in vehicle shopping, targeting issues like bait-and-switch tactics and hidden fees. This rule, effective from July 30, 2024, requires dealers to clearly disclose the full price of a vehicle, inform consumers about total payments, and ensure that any add-on products or services are optional and provide actual benefits to the consumer. Dealers must also obtain express, informed consent for any charges.
At PoWĂ Cars, our AI platform enhances transparency and customer service, aiding dealerships in adhering to the latest FTC regulations. We focus on clear communication and streamlined purchasing processes, aligning with the FTC's standards and elevating dealership trustworthiness.
Interested? Let's talk!
