Dealership Insurance Booklet Mandate Eliminated


New-car deal­er­ships are no longer required to pro­vide print­ed copies of the brochure to car and truck buy­ers upon request. Pres­i­dent Oba­ma signed leg­is­la­tion today that repeals the out­dat­ed man­date and elim­i­nates the $1,000 fine that deal­er­ships face for fail­ing to com­ply with the 1970s-era law.

“This bill removes a reg­u­la­to­ry bur­den from deal­er­ships that helps reduce our cost of doing busi­ness,” said Bill Under­riner, NADA chair­man.

In an NADA sur­vey of its mem­bers, 96 per­cent of new-car deal­ers report­ed that none of their cus­tomers had ever asked to see the brochure in the 21 years deal­ers were required to stock it.

The fed­er­al gov­ern­ment and the Insur­ance Insti­tute for High­way Safe­ty, which com­piles the data, can still make the infor­ma­tion avail­able to the pub­lic online or by oth­er means.



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