Complaints regarding internet advertising are becoming more prevalent. Some dealers
post different prices on the internet than are available at the store. Staff recommended
that rules be written to address the issue.
Field audits now include a review of the dealer’s use or non-use of Buyer’s Guides.
Several dealers are not in compliance with federal regulations that require a Buyer’s
Guide to be posted in each vehicle before it is offered for sale.
House Bill 1516, the Oklahoma Car Crusher Act, passed and was signed by Governor
Fallin. The Commission will write rules to implement the Act and must present them
to the Governor at least 45 days before the November 1, 2014, effective date.
Senate Bill 582 passed and was signed into law. SB 582 addresses loopholes in the
Title 42 possessory lien process. Commissioner Codding stated that OIADA worked to
pass the legislation on behalf of dealers and the automotive industry.
Staff conducted 15 informal hearings during the month of May. 28 inspections were
completed, 28 complaints closed, 19 Cease and Desist letters issued, one injunction
granted, and 15 informal hearings conducted.
As a result of the floor-plan/consignment program being promoted by The Key dealership,
proposed language for new consignment rules was distributed to Commissioners. A public
hearing will be schedule for the rules.
Commissioner Holman noted that commissioner Codding had been inducted into the Used
Car Hall of Fame at a recent NABD meeting.
Post the Buyers Guide - UMV&PC investigators are now auditing for display of the
FTC As-Is Buyers Guide in all vehicles offered for sale. Federal law allows penalties
up to $16,000 per vehicle for non-compliance. More on compliance…