What are the compensation regulations for overstocked vehicles?
1 Answers
Vehicles that have been in the factory for more than 3 months but have not yet been sold are usually referred to as overstocked vehicles. The specific compensation standards for overstocked vehicles are as follows: Article 55 of the "Consumer Rights Protection Law": If a business operator commits fraud in providing goods or services, it shall, at the request of the consumer, increase the compensation for the losses suffered by the consumer, and the amount of increased compensation shall be three times the price of the goods purchased or the cost of the services received by the consumer. Consumer fraud: If the consumer intends to purchase a brand-new vehicle, but the seller sells a long-time overstocked vehicle without fulfilling the obligation to inform, concealing the fact that the vehicle has been in stock for a long time, causing the consumer to mistakenly believe that they are purchasing a brand-new vehicle, this constitutes consumer fraud. Consumers can protect their rights in accordance with the relevant provisions of the "Consumer Rights Protection Law".