Category: Industry bulletins

Car buying is evolving as consumers increasingly turn to online tools and virtual showrooms to research and compare vehicles before walking into a showroom. As an automotive business, keeping up with these changes is important. Adding online tools such as social media, virtual showrooms or digital marketing strategies may come with their challenges. As such, … Continued

Changes are coming to AMVIC’s vehicle sales levy, business licensing fee, as well as the rules around the Compensation Fund. The vehicle sales levy will increase from $6.25 to $10 and the single sales business licence fee will increase from $175 to $250. This includes the single sales, leasing and consignment licence classes. Other licence … Continued

Please note AMVIC is aware of recent phishing activity, attempting to get individuals to click on a link within an email that goes to a fraudulent website mimicking AMVIC’s online portal. Licensees and registrants should only access the online portal through the amvic.org website. AMVIC’s systems including AMVIC’s online portal and amvic.org remain secure. AMVIC will … Continued

An accurate and compliant bill of sale not only increases transparency and builds trust with your consumers, it acts as a written record of the transaction should any dispute arise. Automotive businesses have an obligation to create and maintain complete and accurate financial records according to the Consumer Protection Act (CPA) 132(1) and the Automotive Business … Continued

During an AMVIC inspection, inspectors will examine sample transactions from the previous three-year period, which must be made available to the inspector. Automotive business documents are reviewed thoroughly during an AMVIC inspection. Ensuring accuracy on your documents will protect the consumer, your salespeople and your business. Lately, AMVIC inspectors have reported encountering inconsistencies and inaccurate … Continued