FTC Proposal to Regulate Dealerships - Comment Period ends Sept 12th

[RM7]

Good summary here. Dealers are asking their employees to enter comments against.

[Theruleslawyer]

Link to comment-
https://www.regulations.gov/docket/F...-0046/comments

[hihowareyougood]

Thanks for posting. Added my comments to the docket. I recommend everyone to comment as well, whether they are for or against regulation as stated by the FTC.

[RM7]

And i didnt say it right, dealers are asking their employees to enter comments AGAINST the proposal. They want to be able to have a phony price advertised online, offer/require “upgrades” that dont have any consumer benefit and all the usual tricks.

[chassis]

Is there a one line summary of the FTC’s actions?

[Theruleslawyer]

Originally Posted by chassis

Is there a one line summary of the FTC's actions?

Selling Products with No Benefit to the Customer

Advertising the Real Price of the Car Online

Non-Discriminatory Practices for Cash Buyers

Enhanced Consent for F&I Products

[RM7]

Originally Posted by OuterBanks

Sounds like a good thing, but it's never a good thing for the Government to get involved as Government only makes it an ever worse thing and you pay more money because of the added layers of red tape that the Government imposes. Government is not your friend. The only thing Government is good at is red tape and wasting money.

Paranoid much?

[hihowareyougood]

Originally Posted by OuterBanks

Sounds like a good thing, but it's never a good thing for the Government to get involved as Government only makes it an ever worse thing and you pay more money because of the added layers of red tape that the Government imposes. Government is not your friend. The only thing Government is good at is red tape and wasting money.

Hard disagree. Government regulates because corporations and businesses can't be trusted to deal in good faith.

[FC4]

Originally Posted by RM7

Paranoid much?

No. It’s likely he took an economics course in college, at the very least.

[hihowareyougood]

Originally Posted by FC4

No. It’s likely he took an economics course in college, at the very least.

Ah yes, so one generic economics course from college makes you an SME. More like Dunning-Kruger effect, and not even close to the valley of despair.

[Cos270]

Originally Posted by hihowareyougood

Hard disagree. Government regulates because corporations and businesses can't be trusted to deal in good faith.

While true, the regulation is only as good as those voted into power. And with today's crop of policy makers on BOTH sides of the aisle....

[H2O_Doc]

Originally Posted by OuterBanks

Sounds like a good thing, but it's never a good thing for the Government to get involved as Government only makes it an ever worse thing and you pay more money because of the added layers of red tape that the Government imposes. Government is not your friend. The only thing Government is good at is red tape and wasting money.

Did you read the Jungle?

You know much about the exploitative labor in the US in the early 20th Century?

Do you know about the tragedy of the commons?

How would the interstate system have been built?

Do you like the protections that the military provides us?

[chris719]

Originally Posted by Efthreeoh

So we need Federal legislation to protect auto buyers from shit they simply can say "No" too? We have become a society of babies.

Lol.

If you think it works like that for the majority of people, you are extremely naive.

[RM7]

Did we find the 1 out of 1000 people that actually likes buying a car from a dealer?

[chris719]

Originally Posted by RM7

Did we find the 1 out of 1000 people that actually likes buying a car from a dealer?

Yep, even if you are experienced and comfortable in dealing with their BS as many members here are, who doesn't have a friend or relative that's gotten taken advantage of?

[chassis]

Originally Posted by Theruleslawyer

Selling Products with No Benefit to the Customer

Advertising the Real Price of the Car Online

Non-Discriminatory Practices for Cash Buyers

Enhanced Consent for F&I Products

Thanks. Sounds like helpful consumer-oriented concepts. What are the other side’s arguments?

[shawnhayes]

Originally Posted by OuterBanks

Sounds like a good thing, but it's never a good thing for the Government to get involved as Government only makes it an ever worse thing and you pay more money because of the added layers of red tape that the Government imposes. Government is not your friend. The only thing Government is good at is red tape and wasting money.

Until Lehman brothers goes broke being stupid, and then taxpayers have to come in to bail out broke billionaires.

Shawn

[dreamingat30fps]

Originally Posted by Efthreeoh

So we need Federal legislation to protect auto buyers from shit they simply can say "No" too? We have become a society of babies.

Lol.

Originally Posted by chris719

Yep, even if you are experienced and comfortable in dealing with their BS as many members here are, who doesn't have a friend or relative that's gotten taken advantage of?

Both can be true. Yes people should just say no and yes we have a bunch of people who will still fall for it just like they fall for nigerian princes.

I don't claim to know enough about the down stream effects of such regulations, but on the face it doesn't seem bad to enforce dealers to advertise legit prices and not push junk products. However I also feel the days of dealers are numbered.