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OMB Control No: 3084-0172	ICR Reference No: 202312-3084-001
Status: Active	Previous ICR Reference No: 202202-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: Combating Auto Retail Scams Trade Regulation Rule
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/20/2024
	Date Received in OIRA: 01/04/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2027	36 Months From Approved
Responses	5,956,154	0	0
Time Burden (Hours)	1,595,085	0	0
Cost Burden (Dollars)	14,181,300	0	0

Abstract: The Federal Trade Commission ("FTC") has promulgated a new rule that prohibits motor vehicle dealers from making certain misrepresentations in the course of selling, leasing, or arranging financing for motor vehicles, requires accurate pricing disclosures in dealers’ advertising and sales discussions, prohibits the sale of any add-on product or service that confers no benefit to the consumer, and requires dealers to keep records of advertisements and customer transactions. The FTC requests approval for the disclosure and recordkeeping requirements of this newly promulgated Combating Auto Retail Scams Trade Regulation Rule (“CARS Rule” or “Rule”), 16 C.F.R. Part 463. The disclosure and recordkeeping requirements of the Rule constitute “collection[s] of information” for purposes of the Paperwork Reduction Act.

Authorizing Statute(s): US Code: 12 USC 5519 Name of Law: The Dodd-Frank Wall Street Reform and Consumer Protection Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AB72	Final or interim final rulemaking	89 FR 590	01/04/2024

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? Yes

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	5,956,154	-143,519,831	149,475,985
Annual Time Burden (Hours)	1,595,085	-6,221,734	7,816,819
Annual Cost Burden (Dollars)	14,181,300	-207,689,482	221,870,782

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This is a newly promulgated Rule which qualifies as a program change, not an adjustment. The estimated annual hours of burden are 1,595,085, the estimated annual labor costs are $51,904,537, and the estimated annual non-labor costs are $14,181,300. The Rule addresses two consumer protection problems that have persisted despite prior enforcement, outreach and engagement with industry, and other action: (1) bait-and-switch tactics and (2) hidden charges for add-on products or services (such as extended warranties or vehicle undercoating) and other items. These problems cost consumers millions of hours of lost time in what is already a lengthy and arduous process, and billions of dollars more spent each year on what already are among the largest purchases of their lifetimes. They also harm law-abiding dealers, which lose business to dealerships that bait consumers with low prices and then—after consumers have spent hours, for example, selecting a dealer, traveling to the lot, and negotiating on the lot—charge more than advertised, including by hiding significant charges in dense paperwork.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Daniel Dwyer 202 326-2957 ddwyer@ftc.gov

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