Current through Register Vol. 49, No. 9, September, 2024
Rule 3 implements the Legislative intent of the law governing
advertising as stated in the Arkansas Motor Vehicle Commission Act. False and
misleading advertising will be defined and prohibited in a unified effort to
insure truthful and accurate product advertising that will benefit the
consumers and businesses of this State affected by legislation. Certain key
examples of prohibited advertising will be exhibited, but shall not be
construed as an all-inclusive exhibit of prohibited practices. The Commission
has been granted the authority to review all advertising pertaining to new and
used motor vehicles. The Commission will review each advertisement for
misleading and deceptive practices and will govern them accordingly.
(b)
The primary responsibility for truthful and non-deceptive advertising rests
with the advertising dealer. Advertising dealers must be prepared to
substantiate any or all offers made before publication or broadcast, and upon
request, present such substantiation.
(c) Rule 3 does not apply to any radio or
television broadcasting station, or any publisher, printer, distributor or
owner, of any newspaper or magazine, billboard or other advertising medium, or
any owner, operator, agent or employee of any advertising agency or other
business engaged in preparing or disseminating advertising for public
consumption on behalf, of any other person when the advertising is in good
faith and he is without knowledge of its untrue, deceptive or misleading
character.
(d) It shall be the
DEALER'S RESPONSIBILITY to provide a copy of Rule 3 to any advertising agent or
agency or other business engaged in preparing or disseminating advertisements
for the dealer, including outside web page designers or web page design firms;
and each employee assigned to preparing or disseminating advertisements for the
dealer.
(f) The Commission will monitor and evaluate
each dealer's advertisement regarding its compliance with laws and rules. The
advertising sections activities include, but are not limited to:
1. Review of advertisements in any
medium.
2. Review all complaints as
received.
3. Answer advertisement
inquiries.
4. Address advertising
violations.
1.
DEFINITIONS:
A. Advertisement and or
advertising" means any oral, written, telecommunicated, graphic, pictorial or
other statement made in the course of soliciting business, including without
limitation a statement or representation made in a newspaper, magazine,
Internet, or other publication or contained or appearing in or on a notice,
sign, poster, display, circular, pamphlet, letter, flyer, price tag, window
sticker, banner, billboard, handbill, radio, television, web page, or any other
medium.
B. "Bait and switch" means
an alluring but insincere offer to switch consumers from buying the advertised
motor vehicle, in order to sell or lease a different motor vehicle on terms
more advantageous to the advertiser.
C. "Clear and conspicuous" means that the
statement, representation, or term being used is of such size, color, contrast,
audibility and is presented so as to be readily noticed, understood and
non-deceptive. All language and terms, including abbreviations, shall be used
in accordance with their common or ordinary usage and meaning by the general
public.
D. "Dealer discount" means
an amount of reduction or contribution by the dealer to reduce the selling
price of the vehicle from "MSRP".
E. "Dealership addendum" an equipment list
displayed on a window of a motor vehicle when the dealership installs special
features, equipment, parts or accessories, or charges for service not already
compensated by the manufacturer or distributor for work required to prepare a
vehicle for delivery to a buyer.
F.
"Disclaimer" means those words or phrases used to provide a clear understanding
of an advertised statement, but not used to contradict or change the meaning of
the statement.
G. "Disclosure"
means required information that is clear, conspicuous, and accurate shall be in
the immediate proximity of the year, make and model offered in the
advertisement or stated at a clear and concise level in broadcast
mediums.
H. "Dealer Service and
Handling Fees" means a fee that a dealer may charge in connection with the sale
or lease of a new or used motor vehicle for handling, processing, and storage
of documents and other administrative and clerical services.
I. "Incentive" means anything of value
offered as an inducement directly or indirectly towards the purchase of a
vehicle, including but not limited to, discounts, savings claims, and other
dealer programs, but not including factory rebates.
J. "Limited rebate" means rebates not
available to all consumers and is defined as any payment of money to a
consumer, or any payment to a dealer or third party on behalf of a consumer,
and that is confined, or restricted, to a certain class of consumers,
including, but not limited to, on the basis of the consumer's status,
sponsorship, affiliation, or association
K. "Line make" means a group or series of
motor vehicles that have the same brand identification or brand name, based
upon the manufacturer's trademark, trade name or logo.
L. "List" or "Sticker" price when used in a
new motor vehicle advertisement refers only to the Manufacturer's Suggested
Retail Price (Monroney Sticker or "MSRP")
M. "Manufacturer label" means the label
required by the Federal Automobile Information Disclosure Act, 15 U.S.C. Sections 1231-1233 (normally referred to as Monroney Label), to be affixed by
the manufacturer to the windshield or side window of each new automobile
delivered to a dealer.
N. "MSRP,"
or "Manufacturer Suggested Retail Price," means the "list price" shown on the
window sticker or "Monroney Label" and is the manufacturer's baseline price for
that vehicle. "Dealership addendums" or "temporary factory value packages" are
not a part of "MSRP".
O. "Rebate"
means the payment of money from the manufacturer to a consumer, or payment to a
dealer or third party on behalf of a consumer on the condition that the
consumer purchases or leases a new motor vehicle.
2.
ADVERTISING GUIDELINES FOR SALE OR
LEASE OF NEW AND USED MOTOR VEHICLES:
A.
General Advertising
Guidelines(1) The advertised price of
a motor vehicle must be the full cash price for which the dealer will sell or
lease the vehicle to any consumer and shall exclude only the following charges:
(a) State, county, local and other applicable
taxes,
(b) License fees,
and
(c) Title fees.
Charges including but not limited to dealer service and handling
fees, freight and transportation fees, and preparation fees must be included in
the advertised price.
(2) The price of a new motor vehicle, when
advertised by a dealer, must be the price that is available to every consumer.
Rebates or incentives that are available to all consumers without qualification
can be deducted from the price. Limited Rebates or incentives that are only
available to select or qualifying consumers shall not be deducted from the
advertised price.
(3) Additionally,
a qualification may not be used when advertising the sales price of a vehicle
such as "with trade", "with acceptable trade", or "with down
payment".
(4) Dealers must clearly
and prominently identify themselves by their dealership name or their DBA name
listed on file with the Commission.
(5) Specific motor vehicles, new or used, or
line-make of vehicles advertised for sale or lease shall be in the possession
of the dealer as advertised at the address given at the time the advertisement
is placed. However, if the time between the placement and the broadcast of the
advertisement to the public is excessive, the dealer must have a similar
line-make new motor vehicle or an equivalent used motor vehicle to the specific
motor vehicle advertised. The vehicles shall be in condition to be
demonstrated, and shall be willingly shown and sold or leased at the advertised
prices and upon the terms advertised.
(6) Specific claims or discount offers shall
only be used in connection with new or demonstrator vehicles.
(7) Specific claims or discount offers must
only be used to show the difference between the dealer's current selling price
and the Manufacturer's Suggested Retail Price. The dealer shall include dealer
add-ons identified in the dealership addendum when advertising the current
selling price.
(8) If an
advertisement discloses a rebate, cash back, discount savings claim or other
incentive, the full price of the vehicle (MSRP) must be conspicuously disclosed
or stated in the ad as well as the price of the vehicle after deducting the
incentive(s). Rebates cannot be combined as one.
B.
False or misleading
advertising.(1) Licensee shall not use
false or misleading advertising.
(2) All advertising shall be in plain
language, with disclosures of material facts that are clear and conspicuous and
non-deceptive. By way of example and not limitation, the following are in
violation of this rule:
(a) Direct statements
or reasonable inferences that have the tendency to mislead consumer;
(b) Advertising whose overall impression has
the tendency to mislead consumers;
(c) Disclaimers or disclosures that
contradict, confuse, or unreasonably limit or significantly alter a principal
message of an advertisement;
(d)
The failure to make clear and conspicuous disclosures of limitations,
disclaimers, qualifications, conditions, exclusions or restrictions;
(e) Statements susceptible to both a
misleading and a truthful interpretation; and
(f) Deceptive statements, even though the
true facts are subsequently made known to the consumer.
(g) Using in any advertisement, footnotes,
asterisks, or various superscripted symbols which, confuse, contradict,
materially modify or unreasonably limit the material terms of an
advertisement.
(3) No
advertisement containing an offer to sell or lease a motor vehicle shall be
published when the offer is not a bona fide attempt to sell or lease that
specific advertised motor vehicle. Certain acts or practices that will be
considered in determining if an advertisement is not a bona fide offer to sell
or lease the advertised motor vehicle include:
(a) The refusal to show, demonstrate, sell or
lease the motor vehicle offered in accordance with the terms of the
offer.
(b) The failure to have
available at all outlets listed or stated in the advertisement, the number of
motor vehicles advertised to meet reasonably anticipated demands, unless the
advertisement clearly and adequately discloses that a supply is limited the
merchandise is available only at designated outlets and any other applicable
restrictions, to which the advertised vehicle may be subject.
(4) It is false and misleading to
use, in any advertising, inaccurate photographs or illustrations when
describing specific automobiles. If a vehicle description or photograph is
inaccurate, the dealer must prove to the Commission, that a more acceptable
photograph or description was unavailable.
(5) It shall be false and misleading to
advertise or represent the dealer service and handling fee charge as a required
governmental fee.
C.
Bait and Switch Advertising.(1)
Licensees shall not use bait and switch advertising.
(2) No act or practice shall be engaged in by
an advertiser to discourage the purchase of the advertised motor vehicle if
such act or practice is part of a bait and switch scheme to sell or lease other
motor vehicles.
(3) Sales or leases
resulting from an advertisement for a motor vehicle do not by themselves rule
out the existence of a bait and switch scheme.
(4) To prevent Bait and Switch Advertising
from occurring, the vehicle(s) advertised must be:
(a) At the advertised location as defined in
Section 2, paragraph A(5);
(b) In
condition to be shown;
(c)
Willingly shown to the consumer;
(d) Willingly shown under the same terms as
advertised, and
(e) Sold at the
same terms as advertised, unless the consumer was unharmed in the
transaction.
D.
Minimum Advertising
Requirements.
The following are minimum requirements needed to meet the clear
and conspicuous standard as described in Section 2(B)(2):
(1) In all printed media, written, typed
and/or graphic advertisements:
(a) Not less
than 8-point type print;
(b) Shall
be displayed and phrased in a manner which is clear and conspicuous.
(2) In broadcast commercials:
(a) Terms, conditions or disclosures shall be
clearly and conspicuously displayed or announced during the
advertisement;
(b) Shall be at a
speed equal to or slower than any other statement, representation or term
contained in the advertisement.
(c)
"See dealer for details," shall only be used in radio broadcast commercials
provided the advertisements meet the federal truth in lending guidelines as
defined in Section 5(A).
(3) For broadcast graphics or
advertisement(s) in any other audio-visual medium the minimum height of fonts
and display time should:
(a) Appear on the
screen for duration sufficient to allow a viewer to have a reasonable
opportunity to read and understand the statement, representation or term;
and
(b) The broadcast graphics
shall remain on the screen for a minimum display time of;
(i) Three seconds for the first line of text;
and
(ii) One second for each
additional line.
E.
Required Disclosures.
(1) Disclosures should only be used in
limited circumstances and must meet the following qualifications:
(a) Must be adjacent to the advertised
vehicle depicted or stated in a clear and conspicuous level in any broadcast
medium.
(b) Asterisks (*) may only
be used to give additional information about a word or phrase.
(2) In any advertisement, the
motor vehicle shall be clearly identified as to year, make, model, and commonly
accepted trade, brand, or style name and the advertisement must clearly define
the vehicle as a new, used, demonstrator, leased, rental, factory off-lease,
loaner, executive/official or factory program vehicle.
(3) When advertising a new motor vehicle, the
use of stock numbers will not preempt the requirements of full
disclosure.
(4) Advertising
conditions involving a change in the monthly payments or graduated payments
must be of the same size in print advertisements and given the same prominence
in all other mediums and shall not be referenced by an asterisk.
3.
MANUFACTURER
ADVERTISING FOR NEW, USED AND/OR LEASED VEHICLES:
A. Manufacturers must comply with Commission
Rule 3 on Advertising.
B. The
suggested retail price of a new motor vehicle when advertised by a manufacturer
or distributor shall include the following:
(1) All charges, except destination charges,
dealer service and handling fees and/or state or local sales taxes.
(2) Such advertising shall state that dealer
service and handling fees, and/or state or local sales taxes are
excluded.
C. It shall be
unlawful for any manufacturer or distributor to advertise, a rebate, refund,
discount or other financial incentive paid by, financed by, or contributed by
the dealer selling the motor vehicle, unless such advertising discloses clearly
and discernibly the following:
"The dealer's contribution may affect the final negotiated
price of the motor vehicle."
4.
PROHIBITED STATEMENTS AND
ADVERTISING TECHNIQUES:
The following statements or advertising techniques are
presumptively false and misleading, and the burden of proving otherwise shall
be on the Advertiser/Licensee.
A.
Statements using abbreviations or shortened terms for words or initials for
groups of words not commonly understood, including but not limited to "FTB,"
"A/R", "TOP," and "POF," must not be used. Commonly understood abbreviations,
including but not limited to "2 DR," "AM/FM," "APR," "WAC," "DEMO," and "EXEC,"
may be used.
B. Statements such as
"write your own deal," "name your own price," pick your monthly payments,"
"appraise your own motor vehicle," or statements with similar meaning are
obviously untrue and shall not be used.
C. No statement or advertisement shall be
worded to imply that because of large sales volume, a dealer is able to
purchase motor vehicles for less than another dealer selling the same line-make
of vehicles.
D. No motor vehicle
advertisement shall contain the following statements or terms "cost," "percent
or dollars over or under cost, invoice, or profit," "profit" or "invoice" "take
over payments", "fleet pricing", "wholesale," "x pricing," "employee pricing",
or terms with similar meaning. However, a dealer may utilize the phrase
"employee pricing or terms with similar meaning" only when the event is a
manufacturer sponsored campaign that is available to all dealers of that
line-make.
E. A used vehicle shall
not be advertised in a manner that creates the impression it is new. Product
nameplates and/or logos of any franchise line-make shall not be used in an
advertisement that is a "used only" vehicle advertisement.
F. The following statements or terms "sale",
"discount", "savings", "price cut", "reduced", "clearance", "tent sale", and
other similar terms, without clearly and conspicuously disclosing that such
"clearance" or other such terms are limited to certain vehicles and/or specific
dates of the sale if it is a limited time offer.
G. Using any advertising statements or terms
such as "Closing Out Sale", "Lost Our Lease Sale", "Forced to Vacate Sale" or
similar terms used to imply a court-ordered closure or to induce a belief that
upon disposal of the stock of goods on hand, the business will cease and be
discontinued at the premises where the sale is conducted, unless such is the
case.
H. Statements such as "sales
tax paid," or terms with similar meaning shall not be used, unless it is truly
paid by the dealer and not financed or added to the price of the
vehicle.
I. Statements or terms
inferring a vehicle has been "repossessed" from an immediate former owner.
Neither shall a dealer advertise that a purchaser will be receiving benefits on
an existing loan on a vehicle when no such benefit exists.
J. Statements such as "big volume buying
power," "manufacturer's outlet," "factory authorized outlet," "factory sale",
"factory approved", and "factory wholesale outlet", or terms with similar
meaning shall not be used. Any term or statement that gives the consumer the
impression the dealer has a special arrangement with the manufacturer or
distributor as compared to similarly situated dealers, is misleading and shall
not be used
K. "Double Rebates,"
"Triple Rebates" or any other amount of rebates that are not truly offered by
the manufacturer are prohibited.
L.
The statement "no reasonable offer refused," shall not be used because, what
may be reasonable to the dealership may not be reasonable to the consumer. As a
result, the statement is almost impossible to prove.
M. Terms or phrases that may be unfamiliar to
a consumer must be fully defined in the advertisement.
N. Statements offering a specific trade-in
allowance (i.e., $2500 minimum trade-in"), or a range of amounts for trade-ins
(e.g., "up to $1,000" or "as much as $1,000") including, without limitation,
that the trade-in will be valued at a specific amount or guaranteed minimum
amount.
5.
REQUIRED DISCLOSURES FOR CREDIT TERM AND LEASE ADVERTISEMENTS:
A.
Closed ended credit term
advertising.(1) The Federal Reserve
System and the Federal Trade Commission are two agencies involved with the
enforcement of Federal Regulation Z. If an advertisement, promoting closed-end
credit sale on a motor vehicle purchase contains any of the following terms:
(a) The amount of the down payment expressed
either as a percentage or dollar amount;
(b) The amount of any payment expressed as a
percentage or dollar amount;
(c)
The number of payments;
(d) The
period of repayment; or
(e) The
amount of any finance charge.
(2) Then the following terms must be
disclosed:
(a) Amount or percentage of down
payment;
(b) Terms of repayment;
and
(c) Annual percentage rate,
using the term or the abbreviation "APR".
B.
Lease advertising.
(1) The word "Lease" or "Smart Buy" must
appear in a prominent position in the advertisement.
(2) Advertising that involves consumer leases
falls under Federal Regulation M. If an advertisement, promoting consumer lease
on motor vehicle contains any of the following terms:
(a) The amount of any payment; or
(b) A statement of any capitalized cost
reduction or other payment required prior to or at consummation or
delivery.
(3) Then the
following terms must be disclosed:
(a) That
the advertised transaction is a lease;
(b) The total amount due prior to or at
consummation or delivery;
(c) The
number, amounts and due dates or periods of scheduled payments;
(d) A statement of whether or not a security
deposit is required; and
(e) A
statement that an extra charge may be imposed at the end of the lease term
where the lessee's liability, if any, is based on the difference between the
residual value of the leased property and its realized value at the end of the
lease term.
C.
Open ended credit terms.
Examples of open-end credit are bank and gas company credit cards
and stores' revolving charge accounts. In open-end credit, the creditor
reasonably expects the customer to make repeated transactions.
The triggering terms for open-ended credit are:
(1) Statement of when the finance charge
begins to accrue, including any "free ride" period, if any.
(2) Statement of either the periodic rate
used to compute the finance charge or the annual percentage rate.
(3) The method of determining the balance on
which a finance charge may be imposed.
(4) The method of determining the finance
charge, including a description of how any finance charge other than the
periodic rate will be determined.
(5) The amount of any charge (other than the
finance charge) that may be imposed as part of the plan.
(6) The fact that the creditor will acquire a
security interest.
The required disclosures are:
(1) Any minimum, fixed, transaction,
activity, or similar charges that could be imposed.
(2) Any periodic rate that may be applied,
expressed as an "annual percentage rate". If the plan provides for a variable
periodic rate, that fact must be stated.
(3) Any membership or participation
fee.