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PR & News FTA Launches New "Combating Auto Retail Scams (CARS)" Rule
- Thread starter clasione
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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!
✨ AI Highlights
The FTC has launched the CARS (Combating Auto Retail Scams) Rule, effective July 30, 2024, which mandates dealers clearly disclose full vehicle prices, total payments, and obtain explicit consent before charging for add-on products or services—measures projected to save U.S. consumers $3.4 billion annually. The thread emphasizes that small independent dealers in particular need to understand and comply with these new transparency requirements to avoid deceptive practice violations.
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