Name your price, show your price

legal_updates

The Chartered Trading Standards Institute has produced a helpful guide to assist traders with pricing requirements.

Author: Kiril Moskovchuk
Published:
Reading time: 1 minute

This article is 2 years old.

Read our disclaimer keyboard_arrow_down

This website content is intended as a general guide to law as it applies to the motor trade. Lawgistics has taken every effort to ensure that the contents are as accurate and up to date as at the date of first publication.

The laws and opinions expressed within this website may be varied as the law develops. As such we cannot accept liability for or the consequence of, any change of law, or official guidelines since publication or any misuse of the information provided.

The opinions in this website are based upon the experience of the authors and it must be recognised that only the courts and recognised tribunals can interpret the law with authority.

Examples given within the website are based on the experience of the authors and centre upon issues that commonly give rise to disputes. Each situation in practice will be different and may comprise several points commented upon.

If you have any doubt about the correct legal position you should seek further legal advice from Lawgistics or a suitably qualified solicitor. We cannot accept liability for your failure to take professional advice where it should reasonably be sought by a prudent person.

All characters are fictitious and should not be taken as referring to any person living or dead.

Use of this website shall be considered acceptance of the terms of the disclaimer presented above.

The Price Marking Order 2004 requires that the cars displayed for sale in a show room or in the forecourt must have their price shown.

This Order does not apply to advertisements for the cars, for example, placed on Autotrader.

Even when the Price Marking Order does not apply, the Consumer Protection from Unfair Trading Regulations 2008 are broader in scope and may be applicable. The Regulations require the trader to provide clear pricing information if it would affect a consumer’s decision to buy.

The Chartered Trading Standards Institute has produced a helpful guide to assist traders with pricing requirements, although this guide has no obligatory force:

https://www.businesscompanion.info/sites/default/files/Guidance-for-Traders-on-Pricing-Practices-Apr-2018.pdf

Kiril Moskovchuk

Legal Advisor

Read more by this author

Getting in touch

You can contact us via the form or you can call us on 01480 455500.