Category: Industry bulletins

Do lease buyouts and demo vehicles require an MFA?

| Industry bulletins

Sept. 18, 2019 update: lease buyouts do not require an MFA Note: AMVIC has consulted Alberta Transportation regarding the previously communicated need for MFAs on lease buyouts. It has been determined that where a consumer leases a new vehicle and decides to exercise an option to purchase at the end of the lease, Section 15

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Does your Boxing Day advertisement comply?

| Industry bulletins

  Boxing Day is coming up fast and you might have a ton of sales and incentives to offer. However, are you ensuring your advertisements comply? The Automotive Business Regulation Section 11(2)(n) states a business operator cannot use false, misleading or deceptive statements in advertisements. Here are some examples: The ad states “never been in

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Alert: two fraudsters targeting Calgary and Edmonton high-end dealerships

| Industry bulletins

AMVIC, in collaboration with Edmonton Police Service (EPS), is warning Alberta dealerships about two alleged fraudsters acting on behalf of of organized crime operations targeting high-end dealerships in Edmonton, and Calgary. Dealerships are being contacted by buyers online or over the phone for vehicle purchases. A person is then sent to the dealership with extremely

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Identity fraud spike at automotive dealerships

| Industry bulletins

AMVIC is working with the Calgary Police Service (CPS) to caution Alberta automotive sales businesses about increased criminal activity related to identity fraud. The CPS Auto Theft Team has tracked a significant increase in cases of identity fraud being used to purchase vehicles from vehicle sales businesses. Three separate groups of offenders are actively working

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Updated Salesperson Registration Course and Service and Repair Course

| Industry bulletins

The mandatory Salesperson Registration Course and the voluntary Service and Repair Course have been updated to include the new laws that came into effect on Oct. 31, 2018. Salesperson Registration Course The Salesperson Registration Course is a mandatory requirement for all new automotive salespeople in Alberta. This means anyone who sells, leases, consigns or negotiates

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