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Tag: auto dealers
FTC Resolves Claims Against Auto Dealers Based on Alleged Deceptive Advertising
2015-07-06 22:21:15| Auto Dealers - Topix.net
On June 29 , the FTC filed two administrative complaints and issued proposed orders against two Las Vegas auto dealers to resolve allegations that they engaged in misleading advertising practices that misrepresented the purchase price or leasing offers of their vehicles, as well as the amount actually due at signing. In addition, the FTC also contends that the auto dealers failed to disclose other key information in its advertisements, such as the need for a security deposit, whether a down payment was required, and the terms of repayment.
Tags: based
auto
advertising
claims
Court seeks to halt Valley auto dealer's lawsuits
2015-07-05 05:53:52| Auto Dealers - Topix.net
Sun City businessman Van Flury has filed so many civil lawsuits in the past decade that a Maricopa County Superior Court judge is using a new state law to prevent him from filing more. Court seeks to halt Valley auto dealer's lawsuits Sun City businessman Van Flury has filed so many civil lawsuits in the past decade that a Maricopa County Superior Court judge is using a new state law to prevent him from filing more.
Tags: auto
court
valley
dealers
US: dealers association predicts auto sales tipping in 2016
2015-07-01 09:47:47| Auto Dealers - Topix.net
According to the National Automobile Dealers Association, the US auto market is going to top out in 2016, followed by a probable decline after 2017, following seven straight growth years. The positive side is that 2015 is most likely heading towards a new all-time record and probably 2016 would dethrone the old one, says Steven Szakaly, NADA chief economist.
Tags: auto
sales
association
dealers
Settlement Reached With Westchester Auto Dealers Over Deceptive Practices
2015-06-17 21:37:55| Auto Dealers - Topix.net
Three auto dealerships, including one in White Plains, reached a multi-million dollar settlement for for alleged unlawful sale of credit repair and identity theft prevention services that added thousands to the cost of some vehicles on Wednesday, according to New York Attorney General Eric Schneiderman. The Paragon dealership family, which includes White Plains Honda, will have to pay $6 million in restitution and provide $500 to approximately 15,000 customers for engaging in deceptive sales tactics, including charging consumers for credit repair services and other "after sale" items without the customer's knowledge, the attorney general said.
Tags: auto
practices
reached
dealers
Why Auto Loans From Car Dealers Are So Hard to Regulate
2015-06-09 07:07:25| Auto Dealers - Topix.net
When we think about borrowing money, the first thing that comes to mind is how much: How much we need, how much it'll cost, how much we'll have to pay each month and how much time it'll take to get out of debt . Whether the money's for a house, a car, college or for an unpaid credit card balance, these four financial variables-principal, interest rate, payment amount and term-are the fundamental building blocks for loans that are designed to be fully paid off by the time the last check is cashed.
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