Section 45.25.400. Prohibited use of advertising terms.

   (a) A motor vehicle dealer may not use the term "invoice," "factory invoice," "dealer invoice," "dealer cost," "wholesale price," or any other term of similar meaning in an advertisement for the sale of a motor vehicle.
   (b) A motor vehicle dealer may use the term "manufacturer's suggested retail price," "MSRP," or "list price" in an advertisement for the sale of a motor vehicle, subject to the restriction on price comparisons in AS 45.25.450 and the following:
        (1) the manufacturer's suggested retail price or list price must reference the final price listed by the manufacturer on the Monroney sticker, including accessories and options physically attached to the vehicle at the time of delivery to the dealer, plus any transportation charges;
        (2) the manufacturer's suggested retail price or the list price does not include charges added by the dealer or options added to the vehicle by the dealer; and
        (3) whenever using the term "manufacturer's suggested retail price," "MSRP," or "list price," the dealer may not represent that a buyer would save money by paying a price that is lower than the "manufacturer's suggested retail price," "MSRP," or "list price" unless the representation refers to savings from the "manufacturer's suggested retail price," "MSRP," or "list price."

Authorities

45.25.590;45.50.471

Notes

References

AS 45.25.590 Definitions.
AS 45.50.471 Unlawful acts and practices.

History

(Sec. 9 ch 79 SLA 2002; am Sec. 1 ch 171 SLA 2004; am Sec. 1 ch 50 SLA 2012)