FTC Urged To Introduce Measures To Stop U.S. Buyers Being Ripped Off By Dealers car auto cars
Not all politicians are as enthusiastic about the potential regulations. Last fall a group of Republican senators claimed the proposed FTC measures would “confuse customers, lengthen the transaction time to purchase a vehicle, limit consumer choice, increase paperwork, and mandate burdensome new recordkeeping requirements,” according toAnd unsurprisingly, the auto industry agrees, warning that micromanagement of the buying process would harm both consumers, carand automakers.
While the FTC estimates that its proposals would be worth $29.7 billion to consumers over the course of a decade, another study carried out by the Center for Automotive Research on behalf of the National Automobile Dealers Association suggested that the planned rules would actually cost buyers $38.1 billion over the same 10-year period.We can understand that dealers don’t want to be hit with more admin, or measures that might cost them some opportunities to make money.
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