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FTC to send refunds to American Vehicle Protection customers

October 23, 2024

The Federal Trade Commission will be sending $449,000 in refunds to consumers following its action against American Vehicle Protection Corp.

The FTC announced the complaint against the Florida-based company in 2022, alleging it misrepresented the vehicle coverage in marketing, claimed to be associated with the manufacturer or dealer, and claimed consumers could get a full refund of their down payment within 30 days.

A settlement was reached in March 2023 with the operators being barred from the extended automobile industry and all outbound telemarketing. American Vehicle Protection also faced $6.5 million fine.

The FTC is returning money to 18,225 consumers of American Vehicle Protection Corp.

NIADA Author

The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA, visit www.niada.com.