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Episode #1361: The FTC names 97 dealers in a warning over advertising practices, new data shows EV truck owners are surprisingly disloyal to legacy brands, and Anthropic files for an IPO after rocketing past OpenAI in valuation. autonews.com/retail/an-ftc-warning-letters-full-list-0602 The FTC has publicly named the 97 dealerships and dealer groups that received warning letters over suspected deceptive advertising practices. -Several major public retailers were included, including Lithia, AutoNation, Group 1, Sonic, Hendrick, Holman, Berkshire Hathaway Automotive, and others. -These are not citations or penalties. The letters serve as a warning and outline practices the agency considers problematic. -The FTC highlighted six common concerns, including hidden fees, required down payments not disclosed in pricing, financing-contingent pricing, mandatory add-ons, and advertising unavailable vehicles. spglobal.com/automotive-insights/en/blogs/2026/05/six-in-ten...
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