Last week, senior NADA staff flew to Detroit to meet with the editors of Automotive News to explain the massive new Federal Trade Commission (FTC) rule on automotive retail. Today, Automotive News released an in-depth article detailing and analyzing the proposal.
From the article:
“The National Automobile Dealers Association last week challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance office disclosures as unsupported, sloppy and inconsistent in regulating the industry. The FTC countered that its proposals are backed by research, studies and past enforcement actions. NADA CEO Mike Stanton, in a meeting here with Automotive News reporters and editors, said it was becoming clearer to the association that “the FTC absolutely needs to go back to the drawing board on this.”
The article can be viewed in its entirety here.