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FTC launches nationwide probe into used car industry
The Federal Trade Commission has begun the most intensive inquiry into America's used car market. It issues 29 questions to 500 dealers, subpoenas NADA records, and plans a rule-making hearing to regulate warranties and practices. Civil penalties up to 10000 per violation possible. The process targets fairness in auto sales nationwide.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
FTC
Congress
National Automobile Dealers Association