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Show AUTO CODE IS NOW EFFECTIVE Tho nalion;il retail .iiilnmobilo dealers' code is now in efl'ect, having become operative at midnight mid-night Thursday, according to A. B. Worsley, chairman of the local area. The code will furnish the buyers and owners of autos long needed protection, in the opinion of prominent dealers on the" following fol-lowing points: 1, Misrepresentation as-to actual act-ual facts about an automobile by dealers, salesmen, employes or in, advertisments will be prohibited. 2. The code prohibits manipulation manipu-lation of prices and provides that the prices of any new car shall be the manafacturer's list price. Charges added to f. o. b. cost must be covered by detailed specifications. specifica-tions. "3. The 'code "specifies that " no dealer shall charge a higher rate of interest in installment sales than the highest rate charged by regularly established finance companies com-panies operating in the district. Conversely the dealer shall not charge a lower rate than the lowest low-est rate charged by regularly established finance companies in the district. 4. . The purchaser is protected against tampering with or use of the car prior to delivery. 5. Hrade-in allowances will be determined by average prices recently re-cently paid in definitely established establish-ed trading areas. |