Monday, November 4, 2019
Consumer Compliance- FTC review Essay Example | Topics and Well Written Essays - 250 words
Consumer Compliance- FTC review - Essay Example For instance, a direct mail ad piece by a local Honda dealer in Maryland described below in some way violates the FTC Act. The direct mail advert by dealer announced something it referred to as ââ¬Å"Extravaganza Savings Eventâ⬠. According to this ad, a person could supposedly purchase a car ââ¬Å"without any negotiationsâ⬠and ââ¬Å"as though one was a supplierâ⬠for the auto manufacturer. The mailer further stated that the advertised sale was ââ¬Å"as a result of excess inventoryâ⬠. Further, it is evident from the mailer that the ad ââ¬Å"applied to both new and used carsâ⬠because the ad announced that a buyer would be ââ¬Å"entitled to buy a new or used car at a price lower than the current retail selling priceâ⬠. The offer was to be on for ââ¬Å"only one dayâ⬠and in bold, large, capitalized fonts, screamed that ââ¬Å"the dealer intended to reduce from its inventory $1,000,000 of previously used carsâ⬠. Further, it also mentioned that FINANCE representatives would be available on the material day to ensure that a buyer gets ââ¬Å"the best termsâ⬠. Finally, the mailer ad also indicated that after the date of sale, ââ¬Å"all the cars that would not have been sold would then continue being sold at normal market pricesâ⬠(Hudson, 2007). Hudson, T. B. (2007). Unfair And Deceptive Practices: Entertainment For Everyone But The Dealer. Auto Dealer Monthly, 5(9). Retrieved from
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