New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 2 - CONSUMER PROTECTION
Part 4 - REQUIREMENTS FOR THE ADVERTISING AND SALE OF MOTOR VEHICLES
Section 12.2.4.27 - SUPPLEMENTAL STICKER PRICES

Universal Citation: 12 NM Admin Code 12.2.4.27

Current through Register Vol. 35, No. 18, September 24, 2024

A. When a dealer is selling a vehicle for which a federal Monroney window sticker is required pursuant to 15 USC 1232, it is an unfair or deceptive trade practice to charge or attempt to charge a customer more than the manufacturer's suggested retail price unless the dealer's asking price or supplemental price is clearly and conspicuously disclosed on a supplemental sticker adjacent to the Monroney sticker.

B It is an unfair or deceptive trade practice for a dealer to misrepresent the reasons for additional charges listed on a supplemental sticker.

C. It is an unfair or deceptive trade practice for a dealer to list on a supplemental sticker a charge which:

(1) the dealer did not incur;

(2) is otherwise accounted for on the Monroney sticker; or

(3) is otherwise reimbursed.

D. It is an unfair or deceptive trade practice for a dealer to represent, by a sticker or other means, that options have been added to a vehicle before they have been added.

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