In an unprecedented move, FTC Chairman Andrew Ferguson appeared in a live, NADA-hosted webinar to help clarify the agency’s position on vehicle pricing. Get a debrief from attorney Jim Ganther and the experts at Mosaic Compliance Services.
Cox Automotive analysts say higher prices and longer purchase cycles helped dealers secure service business from 80% of new car buyers last year. +
Sales of full-size SUVs and pickups — and a decreased appetite for small cars — pushed the average U.S. new vehicle transaction price to $49,275 in March. +
Join a panel of legal, compliance and auditing experts for “Post-FTC/NADA Webinar Discussion: Dealer Advertising Compliance Insights & Q&A,” a free webinar from Mosaic Compliance Services, NCC and ProMax.
Lindsay Automotive owes $3.1 million to Maryland and up to $75 million to customers of three D.C.-area dealerships as part of a settlement with state and federal regulators. +
The Federal Trade Commission is targeting dealerships — and individual executives. Join Mosaic Compliance Services’ Jim Ganther and Tyler Raquet for insights and high-risk targets that may help you get your house in order.
The Swickard auto group will pay Alaska up to $1 million to settle charges of unfair and deceptive advertising practices and violations of state laws governing used car sales. +
A new framework for TrueCar’s dealer program was built to promote pricing transparency, accountability, accuracy and fair competition while protecting front-end gross. +
A “concerned” FTC director is warning U.S. dealerships and dealer groups that their advertised prices may fail to account for fees, down payments, discounts and financing. +
Kelley Blue Book’s Erin Keating sees rising ATPs as “more like normalization than a new pricing problem” as MSRPs — and incentive spending — ticked upward in February. +
