Mint condition. Immaculate. Owned by a little old lady in Pasadena, who drove it only to the bank. Despite those chromy come-ons for used cars, trouble often lurks under the hood. An estimated 50% of used autos suffer mechanical failures within 45 days of the sale. To make car shopping safer for consumers, the Federal Trade Commission in 1981 devised a rule that ordered dealers to disclose a car's known defects on a window sticker. But last week the FTC staff relaxed its requirements.
The new regulation, which is expected to be adopted on July 10, will still direct used-car...
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