The European Commission has made public after months of deliberation and wrangling the new rules by which carmakers will be able to distribute, market, sell and maintain their products under the renewal of block exemption regulations.
Key elements to the new rules include:
The EU believes the new rules will lead to 'more competition between dealers, make cross-border purchases of new vehicles significantly easier and lead to greater price competition. Consumers will be better informed and it will be easier to compare cars and associated services offered by dealers'.
The new regulation comes into force on October 1, 2002 with a one-year transition period. Changes to the 'location clause', intended to ease controls on where a distributor bases its outlets, have been deferred until 2005.
To view a Q&A on the changes to block exemption click here.
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