Attorney General announces restitution fund for customers of Anchorage car dealership

Juneau, Alaska (KINY) – Legal professional Typical Treg Taylor announced Tuesday a settlement in a shopper defense case introduced versus a used motor vehicle dealership, Anchorage Automobile Mart, LLC.

The court-permitted settlement needs Anchorage Auto Mart to spend civil penalties of $35,000, to spend $60,000 toward a restitution fund which will be administered by the Courtroom, and to stop from partaking in unfair and misleading trade procedures.

Legal professional Basic Taylor submitted the lawsuit on September 24, 2020, alleging that they engaged in various unfair and deceptive trade procedures.

The allegations contain selling vehicles that lacked a valid title devoid of informing customers of this fact, failing to disclose that car had reconstructed titles, misrepresenting the incident historical past of motor vehicles and posting untrue or deceptive ads.

The section reported that customers who procured a car from Anchorage Car Mart among September 24, 2014 and Oct 25, 2021, and ended up harmed by Anchorage Automobile Mart’s unfair or misleading trade tactics are qualified to get a distribution from the restitution fund.

Consumers must file a claim variety by June 17, 2022 in order to be suitable to acquire a distribution from the restitution fund.  

Legal professional General Taylor stated that the settlement sends a message that auto dealerships should deliver correct data to their customers.  

Anchorage Auto Mart denied that it committed the unfair and misleading trade methods alleged by the Legal professional Common, but said that it agreed that a resolution of the dispute was in the most effective pursuits of both Anchorage Vehicle Mart and eligible claimants.