What does the Federal Trade Commission Used Car Rule require for vehicles sold at public auctions?

The Federal Trade Commission (FTC) Used Car Rule mandates that a buyer's guide be displayed on vehicles sold at public auctions. This requirement ensures that potential buyers have access to crucial information about the vehicle's condition and whether it comes with a warranty. The buyer's guide offers transparency, allowing customers to make informed decisions before purchasing.

In this context, public auctions are designed for a broader audience, making it essential to provide standardized information to all buyers. Therefore, this rule is an essential consumer protection measure that applies specifically to vehicles being sold in a public action setting, ensuring that all buyers are adequately informed. The other options do not align with this requirement, as they either suggest that there are no requirements or that guidelines vary based on auction type, which is not the case under the FTC regulations.