New Jersey’s attorney general and the state’s consumer affairs division have reached settlements in three separate investigations into alleged fraud in the auto sales industry.
The three businesses – two North Jersey auto dealers and a Cranbury-based internet seller of automotive parts and accessories – all agreed to change their business practices, pay civil penalties, and agree to binding arbitration to resolve consumer complaints in order to conclude investigations into alleged violations of the Consumer Fraud Act (CFA), and other consumer protection laws and regulations.
“New Jersey consumers deserve to get what they pay for, whether they’re spending thousands of dollars on a vehicle at a dealership or paying a couple bucks for an auto part online,” said state officials.