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FTC letters prompt dealer pricing changes 

Industry increases in retail pricing contributed to rise in Carvana retail GPU 

Amanda Harris

Dealers are adjusting pricing advertising after the FTC sent letters warning against “deceptive” practices, changes that impact retailers and lenders.  Letters sent to 97 dealership groups in March prompted dealers to ensure that prices include all fees that consumers pay and are consistent across all forms of advertising.  Several large groups, including Lithia Motors, took measures to address FTC concerns and ensure pricing is accurately disclosed to consumers.  Since […]

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