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Impact Vol. 3, 2020

| Impact newsletter

In this issue: What’s the difference between consignment vs. agent/broker? Top three most common complaint types and how to reduce them. What to know about disclosing vehicle damage over $3,000. Find out how AMVIC reduced red tape for business applicants. Read Impact Vol. 3, 2020.

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Consignment or agent/broker

| Industry bulletins

What’s the difference between consignment sales and agent/broker? Check out the graphic below to ensure you apply for the correct licence to comply with the Consumer Protection Act and Automotive Business Regulation. Text in graphic: What’s the difference between consignment vs. agent/broker? Consignment: A consumer wants to sell their vehicle but doesn’t want to do

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Difference between deposits and down payments

| Consumer bulletins

What is the difference between a deposit and a down payment? Let’s break it down: Text from graphic: Deposits vs. down payments Deposits: A deposit is money given to an automotive business to secure a vehicle. It usually means a consumer is interested in buying and wants the vehicle to be put on hold for

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2019 – 2020 AMVIC annual report just released

| Consumer bulletins

2019 – 2020 AMVIC annual report highlights: A quick look of the highlights for the fiscal year (page 2). How AMVIC educated consumers through an updated website, advertisements and Fraud Prevention Month activities (page 7). Find out what were the five most common complaint types submitted to AMVIC’s consumer services department (page 10). Read about

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2019 – 2020 AMVIC annual report now available

| Industry bulletins

2019 – 2020 AMVIC annual report highlights: A look at the highlights for AMVIC’s 2019 – 2020 fiscal year (page 2). Find out the five most common complaint types submitted to AMVIC’s consumer services department (page 10). Read more about how AMVIC reviewed 2,395 automotive advertisements in 2019 – 2020 (page 17). See the number

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