National Automobile Dealers Association CEO Mike Stanton said he supports the Federal Trade Commission cracking down on "reprehensible" unfair and deceptive dealership practices.
But he said the FTC's proposed regulations that would, among other things, ban certain finance-and-insurance coverage and physical vehicle add-ons are "completely unwarranted, redundant and ineffectual requirements."
Stanton added that the changes were unsubstantiated by the market and would result in a "much more complex and inefficient" customer experience at dealerships.