Volume 2 2018

DATE: | Impact Newsletter

In this issue: New consignment security requirements increased to $300,000. Details on page 1. $5,000 fine for Carston area backyard mechanic. More on page 1. How to properly advertise incentives. Check out page 3. AMVIC investigator receives rare award. Find out how on page 4. AMVIC at the Calgary and Edmonton car shows. Learn more on page 4. Impact newsletter volume 2 … Read More

New security requirements for consignment dealers

DATE: | Industry bulletins

Beginning Sept. 1, 2018, AMVIC is implementing a significant change to the security requirement for licensed consignment businesses. New consignment businesses applying for the AMVIC consignment licence will need to provide a minimum $300,000 security in the form of cash or an irrevocable letter of credit or bond, in order to complete their application. Current … Read More

Crossline Truck & Auto Sales and related companies in receivership

DATE: | Consumer bulletins | Industry bulletins | News releases

Edmonton— Alberta automotive consumers should be aware that a Receivership Order was granted by the Court of Queen’s Bench of Alberta effective May 18, 2018 against the following AMVIC licensees: Crossline Truck & Auto Sales Ltd. (a.k.a. City Auto Truck Sales, Crossline Trucks and Toys Yellowhead, City Auto Truck Sales, Signature Tire @ Crossline Yellowhead … Read More

Money Month: leasing

DATE: | Consumer bulletins

Throughout the month of May, AMVIC is raising awareness on the financial costs of buying and owning a vehicle. Last time, the topic was about negative equity. This time the topic is on leasing. When shopping for a vehicle, you might consider the option to lease a vehicle instead of buying. However, with any financial … Read More

Money Month: negative equity

DATE: | Consumer bulletins

Throughout the month of May, AMVIC is raising awareness on the financial costs of buying and owning a vehicle. Previously the topic was on liens. This week, let’s discuss negative equity. Have you ever heard of negative equity? That is when the amount you owe on a vehicle is actually more than the current value … Read More

Money Month: liens

DATE: | Consumer bulletins

Throughout the month of May, AMVIC is raising awareness on the financial costs of buying and owning a vehicle. Last week the topic was about setting a budget. This week, AMVIC is putting the spotlight on liens. A lien is an outstanding debt on a vehicle that has to be paid by whomever legally owns … Read More

Money Month: setting a budget

DATE: | Consumer bulletins

Throughout the month of May, AMVIC is raising awareness of the financial costs of buying and owning a vehicle. From liens to negative equity, AMVIC wants you to be a smart shopper and to watch your wallet before you sign on the dotted line. The first step in car buying is setting a reasonable budget by looking … Read More

AMVIC suspends Roadsport Autocredit’s business licence due to consumer complaints

DATE: | Consumer bulletins | Industry bulletins | News releases

Edmonton— Roadsport Autocredit (aka 403 Car Loan, Credit Amnesty 2012, 1800Approved.ca, 1800Approved), located in Calgary, has stopped business operations and the Alberta Motor Vehicle Industry Council (AMVIC) has suspended their business licence effective April 13, 2018. AMVIC is investigating consumer complaints regarding unpaid third party warranties, gap insurance concerns and mechanical issues relating to consumer … Read More

AMVIC will be at the 2018 Edmonton Motorshow

DATE: | Consumer bulletins

Got a question about car buying? Need some tips on what to look for in a contract? Have a concern about an automotive advertisement? Get valuable advice and answers from AMVIC in person! AMVIC will be at the 2018 Edmonton Motorshow on Thursday, April 12 to Sunday, April 15 to inform consumers about their rights … Read More

AMVIC will be at the 2018 Calgary Auto Show

DATE: | Consumer bulletins

Got a question about car buying? Need some tips on what to look for in a contract? Have a concern about an automotive advertisement? Get valuable advice and answers from AMVIC in person! AMVIC will be at the 2018 Calgary International Auto & Truck Show on Wednesday, March 14 to Sunday, March 18 to inform … Read More