Combating Auto Retail Scams (CARS) Rule: What You Need to Know

Was Live Friday, Dec 15, 2023

Guest Speakers:

• Malini Mithal, Associate Director, Division of Financial Practices, Federal Trade Commission
• Jamie D. Brooks, Attorney, Division of Financial Practices, Federal Trade Commission
• Sanya Shahrasbi, Attorney, Division of Financial Practices, Federal Trade Commission

Related Coverage

• Fighting Car Scams with the CARS Rule

Event Overview

The thought of driving off the lot in a new car or truck can be both stressful and exhilarating. But if the dealer engages in dishonest practices, the process can get as stressful as a pile-up on your morning commute. The FTC’s Combating Auto Retail Scams (CARS) Rule, which was announced this week, requires transparency in the vehicle shopping process. And it’ll drive home major savings, too, to the tune of an estimated $3.4 billion per year for people shopping for a new vehicle. And it will save consumers an estimated 72 million hours each year. In fact, the CARS Rule includes key provisions about pricing, add-on products and services, and buyer’s consent. Did that get your motor running? Well then, buckle up because FTC experts will explain what you need to know.

The CARS Rule includes key provisions about pricing, add-on products and services, and buyer’s consent. FTC consumer fraud experts will explain what you need to know.

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