As we ease into the year, you may have inventory you’re looking to clear or incentives to offer. Are you making sure your advertisements comply with legislation? 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 all-in advertised price must not … Continued
Read MoreDo you know what negative equity is? Negative equity on a vehicle means you owe more on a loan than what the car is worth. If a consumer decides to trade in their vehicle before the current loan is paid off, the debt from that previous loan could carry over to the new vehicle as part of … Continued
Read MoreWhile it’s easy to get caught up in the excitement and anticipation of buying a vehicle, it’s important to know that in Alberta, there is no “cooling off” period. That means once you sign on the dotted line, the vehicle is yours; you have contractually agreed to buy it. Take these cautionary steps before you … Continued
Read MoreAMVIC works hard to build a fair and trusted automotive marketplace for consumers and industry alike through awareness and the distribution of valuable resources. AMVIC Online is a repository full of useful information for automotive businesses including industry links, forms and publications. To help ensure compliance, transparency and diligence in all areas of your business, … Continued
Read MoreThinking of buying a vehicle this year? Whether you’re looking to buy new or used, it’s important you know your rights as a consumer and any red flags to watch for when vehicle shopping. Beware of curbers If you decide to buy a vehicle, make sure the automotive business you’re dealing with is AMVIC-licensed by … Continued
Read MoreSubscribe to AMVIC’s communications mailing list for news and information.