Combating Auto Retail Scams Trade Regulation Rule
The FTC's CARS Rule, effective July 30, 2024, imposes new requirements on auto dealers to prevent deceptive practices in vehicle sales and financing, including clear disclosures on pricing, add-on products, and financing terms.
Aforeworn detected this change in the Auto Dealer F&I Compliance space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Critical. All auto dealers (franchise, independent, BHPH) and F&I managers should confirm how it applies to their specific situation before acting. There is a time constraint attached: July 30, 2024. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Auto Dealer F&I Compliance continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
New FTC rule prohibits misrepresentations about price, add-ons, financing, and yo-yo tactics; requires clear disclosures and recordkeeping.
Who it affects
All auto dealers (franchise, independent, BHPH) and F&I managers
What you must do
Update sales and F&I processes, training, and disclosures to comply with the CARS Rule by July 30, 2024.
Deadline
July 30, 2024
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