SkyCo Auto Credit Inc. business licence suspended

DATE: | News releases

Edmonton— The Alberta Motor Vehicle Industry Council (AMVIC) has suspended the business licence of SkyCo Auto Credit Inc. due to an excessive risk of financial harm to consumers, effective Feb. 26, 2018.

AMVIC is investigating five consumer complaints received in the past month regarding allegations against SkyCo Auto Credit Inc. Four consumer complaints relate to unpaid liens, resulting in consumers continuing to pay for vehicles they no longer own. The fifth complaint is regarding a repair invoice SkyCo Auto Credit Inc. failed to pay, leaving a consumer without a vehicle.

The automotive business licence of SkyCo Auto Credit Inc. has been suspended while AMVIC investigates the allegations. While the suspension is in effect, SkyCo Auto Inc., or anyone acting on its behalf, is no longer authorized to sell, consign, or lease vehicles in Alberta. Pending the outcome of the investigation, the Director of Fair Trading (as delegated) will consider whether reinstatement, continued suspension, cancelation or terms of licence are appropriate.

Anyone who has concerns over dealings with SkyCo Auto Credit Inc. or a representative of the business should contact AMVIC’s consumer services team online or by phone:

  • file a concern/complaint online at amvic.org
  • call (780) 466-1140 ext. 2002 or toll free 1-877-979-8100 ext. 2002, Monday- Friday, 8 a.m. – 4:30 p.m.


Media inquiries may be directed to:

Cathy Housdorff
Manager of Communications and Education
Alberta Motor Vehicle Industry Council
780-468-0476
CHousdorff@amvic.org

 

About AMVIC: The Alberta Motor Vehicle Industry Council (AMVIC) is a regulatory organization authorized by the Minister of Service Alberta to enforce and administer the following legislation in relation to automotive business: the Consumer Protection Act (formerly the Fair Trading Act); the Automotive Business Regulation; the Cost of Credit Disclosure Regulation, and the Internet Sales Contract Regulation. AMVIC’s mandate is to provide consumer protection in Alberta’s motor vehicle industry. AMVIC publishes valuable information and tips for consumers, businesses and salespeople at amvic.org.