{"version":"1.0.0","episode":{"title":"The FTC Just SHOCKED The Auto Industry | MAJOR Win For Consumers | Episode 1032","url":"http://getcarcurious.com/episodes/the-ftc-just-shocked-the-auto-industry-major-win-for-consumers-episode-1032","audioUrl":"https://pdrl.fm/3359a6/pscrb.fm/rss/p/mgln.ai/e/1385/injector.simplecastaudio.com/14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9/episodes/c53bb1d3-21db-4257-a16f-96033de284e2/audio/128/default.mp3?aid=rss_feed&awCollectionId=14b42e71-1f9c-41b2-944f-bc8f2b3a3cb9&awEpisodeId=c53bb1d3-21db-4257-a16f-96033de284e2&feed=gkrQ6WSC","description":"Today on CarEdge Live, Ray and Zach discuss the latest news from the FTC. Tune in to learn more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com\nfor information about our collection and use of personal data for\nadvertising.\n"},"annotations":[{"startTime":81.7,"endTime":88.0,"type":"term","title":"FTC","url":"/glossary/ftc","quote":"So recently, Automotive News headline reads, FTC warns dealership's advertised prices must include all required fees.","canonicalId":"term:ftc","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The Federal Trade Commission (FTC) is a U.S. government agency that protects consumers by enforcing laws against deceptive or unfair business practices, including in the automotive industry. Their warnings to dealerships about advertising practices aim to ensure fair and transparent pricing for car buyers.","simplifiedExplanation":"The FTC is a government group that makes sure businesses, like car dealers, are honest and don’t trick customers with sneaky prices. They help protect people buying cars."}},{"startTime":173.9,"endTime":177.6,"type":"company","title":"Metro Honda","url":"/glossary/metro-honda","quote":"This dealership, dad, 100% of the time that we've gotten quotes from them, Metro Honda, they've had add-ons averaging $2,224.","canonicalId":"company:metro-honda","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Metro Honda is a specific car dealership mentioned as an example where add-ons are commonly included in vehicle price quotes. Dealerships like this often add extra fees or products that affect the final cost.","simplifiedExplanation":"Metro Honda is a car dealer that sells Honda cars and sometimes adds extra costs to the price of the cars they sell."}},{"startTime":181.1,"endTime":186.6,"type":"term","title":"Honda certification","url":"/glossary/honda-certification","quote":"I can come down here and I can actually view the quote with the add-ons, Honda certification, PDSI.","canonicalId":"term:honda-certification","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Honda certification refers to a certification program for used Honda vehicles that meet specific quality standards set by Honda. Certified vehicles usually come with extended warranties and have passed thorough inspections.","simplifiedExplanation":"Honda certification means a used Honda car has been checked carefully and meets Honda's quality rules, so it's safer to buy and might come with extra protection."}},{"startTime":186.6,"endTime":187.6,"type":"term","title":"PDSI","url":"/glossary/pdsi","quote":"I can come down here and I can actually view the quote with the add-ons, Honda certification, PDSI. This is the type of stuff that the FTC is going after.","canonicalId":"term:pdsi","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"PDSI stands for Powertrain Durable Service Insurance, which is an extended warranty product offered by Honda covering major engine and transmission components beyond the factory warranty period.","simplifiedExplanation":"PDSI is a type of extra warranty from Honda that helps pay for big repairs on the engine or transmission after the normal warranty ends."}},{"startTime":246.2,"endTime":250.6,"type":"term","title":"price transparency","url":"/glossary/price-transparency","quote":"This is why the FTC has focused on promoting price transparency across multiple markets, including rental housing, ticketing in hotels, grocery delivery services, and auto sales and leasing.","canonicalId":"term:price-transparency","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Price transparency refers to the practice of clearly showing consumers the full and accurate price of a product or service, including all fees and charges, so they can make informed purchasing decisions.","simplifiedExplanation":"Price transparency means showing the real total price of something so buyers know exactly what they will pay without surprises."}},{"startTime":255.5,"endTime":260.6,"type":"term","title":"advertised price","url":"/glossary/advertised-price","quote":"The FTC is committed to ensuring that the price consumers see in advertising is the actual price they will pay, aside from required government charges like taxes.","canonicalId":"term:advertised-price","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The advertised price is the price shown to consumers in marketing materials or listings, which should reflect the actual amount the buyer will pay, excluding only government-mandated charges like taxes.","simplifiedExplanation":"The advertised price is the price you see when a car is for sale, and it should be the real price you pay except for taxes and fees required by law."}},{"startTime":274.9,"endTime":280.5,"type":"term","title":"advertising rebates or discounts","url":"/glossary/advertising-rebates-or-discounts","quote":"Examples of illegal pricing practices include advertising a price that reflects rebates or discounts not available to all consumers, advertising a price that fails to take into account the amount of an additional required down payment...","canonicalId":"term:advertising-rebates-or-discounts","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Advertising rebates or discounts refers to promoting a lower price that may only be available to certain customers, which can be illegal if not clearly disclosed or available to all consumers.","simplifiedExplanation":"This means showing a sale price that only some people can get, which isn't fair if others can't get the same deal."}},{"startTime":284.6,"endTime":289.2,"type":"term","title":"dealer financing","url":"/glossary/dealer-financing","quote":"...advertising a price that fails to take into account the amount of an additional required down payment, conditioning the advertised price on consumers using dealer financing, requiring consumers to buy additional items not reflected in the advertised price...","canonicalId":"term:dealer-financing","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Dealer financing is when a car dealership offers a loan to buyers to purchase a vehicle, often with specific terms that may affect the advertised price or require buyers to use that financing to get advertised deals.","simplifiedExplanation":"Dealer financing means the car dealer helps you borrow money to buy a car, but sometimes you have to use their loan to get the price they show."}},{"startTime":448.2,"endTime":454.8,"type":"concept","title":"marketplace websites","url":"/glossary/marketplace-websites","quote":"There's such a prevalent problem on the marketplace websites. They do not police this behavior at all. It's dealership website, and it's not going to name names with the marketplace websites that don't police this.","canonicalId":"concept:marketplace-websites","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Marketplace websites are online platforms where vehicles are listed for sale by dealers and private sellers. These sites often aggregate listings but may lack strict policing of advertising compliance.","simplifiedExplanation":"These are websites where people and dealers put up cars for sale online. Sometimes, the sites don’t check if the ads are honest or follow the rules."}},{"startTime":458.9,"endTime":471.6,"type":"concept","title":"enforcement actions","url":"/glossary/enforcement-actions","quote":"Yeah, but if there's no enforcement actions, you have to realize that these regulations have been on the books for years, and dealerships have regularly and routinely violated these rules and regulations for years and continue to do so.","canonicalId":"concept:enforcement-actions","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Enforcement actions are official steps taken by regulatory agencies like the FTC to ensure compliance with laws, including penalties or legal measures against businesses that violate rules.","simplifiedExplanation":"Enforcement actions are when the government steps in to make sure companies follow the rules, and they can punish companies that break them."}},{"startTime":787.7,"endTime":791.8,"type":"concept","title":"dealer ratings","url":"/glossary/dealer-ratings","quote":"One of the dealers that we just looked at back on the car edge dealer ratings, let's actually do this live for a second as an experiment.","canonicalId":"concept:dealer-ratings","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Dealer ratings are evaluations of car dealerships based on customer experiences, pricing transparency, service quality, and other factors. They help consumers choose trustworthy dealers and avoid those with poor reputations.","simplifiedExplanation":"Dealer ratings tell you how good or bad a car dealer is based on what other customers say about them. It helps you pick a good place to buy a car."}},{"startTime":798.2,"endTime":804.0,"type":"term","title":"out-the-door price","url":"/glossary/out-the-door-price","quote":"Our car edge team has shopped this dealership and gotten 10 verified out the door price quotes from them. Every single time we've had add-ons.","canonicalId":"term:out-the-door-price","priority":0.9,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Out-the-door price (OTD) is the total price a buyer pays for a vehicle, including the vehicle price, taxes, fees, dealer add-ons, and any other charges. It represents the final amount due to drive the car off the lot.","simplifiedExplanation":"Out-the-door price means the full amount you pay to buy a car, including the car's price plus taxes, fees, and extra charges. It's the real total cost to take the car home."}},{"startTime":840.1,"endTime":846.1,"type":"company","title":"KBB","url":"/glossary/kbb","quote":"KBB's rating for this dealership is 4.9. Okay. Okay. So maybe car edge is wrong.","canonicalId":"company:kbb","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"KBB stands for Kelley Blue Book, a well-known company that provides vehicle valuations, dealer reviews, and automotive information to consumers and industry professionals. Their ratings and pricing guides are widely used in car buying and selling.","simplifiedExplanation":"KBB is a company that helps people know how much cars are worth and gives reviews of car dealers. Many people use it when buying or selling cars."}},{"startTime":910.5,"endTime":922.0,"type":"term","title":"government fees","url":"/glossary/government-fees","quote":"\"And the out-of-the-door quote included? A $1495 PDSI government fees stock fee, obviously taxes, but yeah, it included $1,500 that was not advertised.\"","canonicalId":"term:government-fees","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Government fees include mandatory charges such as vehicle registration, title, and sometimes inspection fees imposed by state or local authorities. These fees are part of the total cost but are often excluded from the advertised price.","simplifiedExplanation":"Government fees are extra costs you pay to the state or local government when you buy a car, like for registering the car or getting a title. They add to the total price but might not be shown upfront."}},{"startTime":910.5,"endTime":922.0,"type":"term","title":"stock fee","url":"/glossary/stock-fee","quote":"\"And the out-of-the-door quote included? A $1495 PDSI government fees stock fee, obviously taxes, but yeah, it included $1,500 that was not advertised.\"","canonicalId":"term:stock-fee","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A stock fee is a dealer charge related to the cost of acquiring or preparing the vehicle for sale. It is sometimes added to the price and may not be included in the advertised price, increasing the final cost.","simplifiedExplanation":"A stock fee is an extra charge dealers add to cover the cost of getting the car ready to sell. It can make the price higher than the sticker price."}},{"startTime":994.9,"endTime":1009.1,"type":"term","title":"VIN","url":"/glossary/vin","quote":"\"What was it? It was a 20, 21. Can you search by VIN? Let's see. I'm copying the VIN from the dealer site. Yeah. See if we can do that. Okay. Zero matches over on auto trader. So maybe they're not using auto trader.\"","canonicalId":"term:vin","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"VIN stands for Vehicle Identification Number, a unique code assigned to each vehicle for identification. It can be used to search for specific cars in inventories or databases.","simplifiedExplanation":"A VIN is a special number every car has that helps identify it. You can use it to look up details about a specific car."}},{"startTime":1100.4,"endTime":1138.1,"type":"term","title":"Capital One Auto Navigator","url":"/glossary/capital-one-auto-navigator","quote":"Yes. Capital one is advertising a BS price. Confirm. And I'm sure the dealership pays to have it advertised on the Capital one. I'm sure they're partners. Yeah. Yeah. And then when you actually shop that dealership, which again, this is all I used was car edge dealer reviews, Metro Honda, great enough today.","canonicalId":"term:capital-one-auto-navigator","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Capital One Auto Navigator is an online car shopping platform that allows users to browse vehicles and get financing pre-approval. However, it has been criticized for showing misleading or inaccurate pricing information.","simplifiedExplanation":"Capital One Auto Navigator is a website where you can look for cars and get loan offers, but sometimes the prices shown there aren't the real prices you would pay at the dealer."}},{"startTime":1145.2,"endTime":1155.0,"type":"concept","title":"marketplace problem","url":"/glossary/marketplace-problem","quote":"They should be sending it to all the marketplaces as well. It's not just a dealer problem. It's a marketplace problem. Well, and we should see some enforcement at the marketplace level.","canonicalId":"concept:marketplace-problem","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A marketplace problem in automotive sales refers to issues caused by third-party platforms or websites that list vehicles with inaccurate or misleading pricing, affecting both consumers and dealers negatively.","simplifiedExplanation":"A marketplace problem means the websites where people look for cars sometimes show wrong or fake prices, which can confuse buyers and make it hard for honest dealers to compete."}},{"startTime":1367.9,"endTime":1372.7,"type":"term","title":"pre-delivery service charge","url":"/glossary/pre-delivery-service-charge","quote":"That's the price. I've got a disclaimer here. Yes. There's going to be a pre-delivery service charge of $1,298.","canonicalId":"term:pre-delivery-service-charge","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A pre-delivery service charge is a fee dealers add to cover the cost of preparing a new vehicle for delivery, including inspections, cleaning, and minor adjustments. This fee can vary and is sometimes negotiable.","simplifiedExplanation":"The pre-delivery service charge is a fee the dealer charges to get the car ready for you. They check it, clean it, and make sure it works before you get it."}},{"startTime":1372.7,"endTime":1378.4,"type":"term","title":"registration filing fee","url":"/glossary/registration-filing-fee","quote":"There's going to be a tag agency fee of $189 and a registration filing fee of $598.","canonicalId":"term:registration-filing-fee","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"A registration filing fee is a government charge for processing the paperwork to register a vehicle in the buyer's name. This fee is separate from taxes and other registration costs.","simplifiedExplanation":"The registration filing fee is a cost for the government to handle the paperwork that makes the car officially yours."}},{"startTime":1372.7,"endTime":1378.4,"type":"term","title":"tag agency fee","url":"/glossary/tag-agency-fee","quote":"There's going to be a tag agency fee of $189 and a registration filing fee of $598.","canonicalId":"term:tag-agency-fee","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"The tag agency fee is a charge related to processing vehicle registration and license plates through the local government or agency. It is part of the costs involved in legally registering a vehicle.","simplifiedExplanation":"The tag agency fee is money you pay to get your car's license plates and registration from the government."}},{"startTime":1395.3,"endTime":1441.1,"type":"company","title":"dealerradar.com","url":"/glossary/dealerradar-com","quote":"This dealership, dad, if you go to them on dealerradar.com right now, yes, has a 4.3 star score. Yeah. This is useless. This is useless. This is 100% useless. This is so inefficient and so dumb for so many reasons.","canonicalId":"company:dealerradar-com","priority":0.5,"confidence":1.0,"source":"hybrid-fuzzy+gpt-4.1-mini","data":{"explanation":"Dealerradar.com is an online platform that provides dealer ratings and reviews to help consumers evaluate car dealerships based on customer feedback and dealership practices.","simplifiedExplanation":"Dealerradar.com is a website where people can see ratings and reviews of car dealers to help them decide which dealer to trust."}}],"speakers":[{"id":"s1","name":"Ray","role":"host"},{"id":"s2","name":"Zach Shefska","role":"host"},{"id":"s3","name":"Bleav","role":"host"}],"transcripts":[{"url":"http://getcarcurious.com/episodes/the-ftc-just-shocked-the-auto-industry-major-win-for-consumers-episode-1032/transcript.vtt","type":"text/vtt"}]}