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Dealership Insurance Booklet Mandate Eliminated
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Dealership Insurance Booklet Mandate Eliminated

New-car dealerships are no longer required to provide printed copies of the Relative Collision Insurance Cost Information brochure to car and truck buyers upon request. President Obama signed legislation today that repeals the outdated mandate and eliminates the $1,000 fine that dealerships face for failing to comply with the 1970s-era law.

“This bill removes a regulatory burden from dealerships that helps reduce our cost of doing business,” said Bill Underriner, chairman of the National Automobile Dealers Association (NADA) and a multi-franchise dealer from Billings, Mont.

The booklet was originally designed to provide car buyers with information on the different insurance costs to repair vehicles, but was not helpful to consumers in the showroom. The Obama administration, in a 2011 submission to Congress, said that “a prospective buyer does not need a brochure from the federal government to obtain this information, since insurance agents are trained to provide advice on how model selection affects insurance premiums.”

“For all of the years I’ve been in business, I cannot recall that a customer has ever asked to see the booklet,” Underriner added. “Printing and mailing this booklet has simply been made obsolete by technology.”

In an NADA survey of its members, 96 percent of new-car dealers reported that none of their customers had ever asked to see the brochure in the 21 years dealers were required to stock it. 

The federal government and the Insurance Institute for Highway Safety, which compiles the data, can still make the information available to the public online or by other means. 

Underriner commended the leadership of House sponsors Reps. Gregg Harper, R-Miss., and Bill Owens, D-N.Y., as well as Sens. Amy Klobuchar, D-Minn., and Roger Wicker, R-Miss., who directed the bill through the Senate.

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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .