PHILADELPHIA (KYW Newsradio) — The used car dealer, CarMax, reached a new settlement Thursday.
There are 35 states involved in the settlement, like Pennsylvania, New Jersey and Delaware.
They will split $1 million in fines over the dealership group’s failure to disclose a safety recall status on vehicles that could have been “ticking time bombs,” according to investigators.
Under the agreement, the salesperson must get customers to sign a standalone document acknowledging any unrepaired recalls before final sale documents can be presented.
In the meantime, CarMax will continue to use the National Highway Traffic and Safety Administration’s (NHTSA) vehicle identification number tool to provide important safety information to consumers.
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New Jersey attorney general Matthew Platkin says companies that highlight the rigorous inspections they perform on their used cars, but fail to clearly disclose the existence of unrepaired safety recalls lull consumers into a false sense of security.
Consumers can use this tool to check for recalls on their vehicle(s)