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 President Obama signed legislation today that repeals the outdated mandate and eliminates the $1,000 fine that dealerships face for failing to comply with the 1970s-era law.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.