07/23/2018
In April and June of 2018, the FTC and partner agencies conducted sweeps of car dealerships to check for compliance of the amended Used Car Rule, finding that only about half of the vehicles inspected displayed the revised Buyers Guides. GREAT News: Our PAC software partner ASN has you covered; the updated BG has been available in ASN since 2017.
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The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed to comply could face penalties of up to $41,484 per violation.