Bill Would Nix CARS Rule
U.S. House measure would also require FTC to take extra steps in a rule rewrite.
A companion bill that was introduced in the U.S. Senate last year was referred to a committee.
IMAGE: Pexels/Towfiqu barbhuiya
A U.S. congressman has picked up a bill suggested by the National Automobile Dealers Association to nullify the pending Federal Trade Commission CARS vehicle-shopping rule.
Rep. Kelly Armstrong, R-North Dakota, introduced the FTC Redo Act, which would kill the rule that NADA has decried as burdensome to auto dealers and redundant.
If passed, the bill would also require the FTC to pursue a cost-benefit analysis on “actual data” and seek “adequate” public input if it decided to introduce a revised rule, things NADA claims the FTC failed to do when it wrote CARS.
A companion bill that was introduced in the U.S. Senate last year was referred to the Committee on Commerce, Science and Transportation.
CARS was set to take effect on July 30, but the FTC stayed its enactment pending the outcome of a lawsuit brought by NADA and the Texas Automobile Dealers Association.
Originally posted on Auto Dealer Today
More Industry
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →