Final answer:
The Federal Trade Commission (FTC) Used Car Rule requires dealers to display a Buyers Guide on all used cars they offer for sale, but it does not specifically mention vehicles being sold at public auctions. The rule aims to inform consumers about the condition of the vehicle and any warranties or guarantees included in the sale.
Step-by-step explanation:
The Federal Trade Commission (FTC) Used Car Rule requires dealers to display a Buyers Guide on all used cars they offer for sale. However, this rule does not specifically mention vehicles being sold at public auctions.
Instead, it applies to used cars sold by dealers in a different setting, such as a dealership or through online platforms.
Dealers are required to display a Buyers Guide in a prominent place on or in the vehicle, and it must provide certain information about warranty coverage and other disclosures.
This rule aims to inform consumers about the condition of the vehicle and any warranties or guarantees included in the sale.
It's important to note that public auctions may have their own rules and regulations governing the sale of used vehicles, so it's always a good idea to thoroughly research and understand the specific guidelines of the auction before making a purchase.