Online auction company Grays fined $10 million for misleading car ads

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The company admitted to misrepresenting the descriptions of hundreds of cars listed for sale on its website between July 1 2020 and June 30 2022.

Grays admitted to misrepresenting the descriptions of hundreds of cars listed for sale on its website between July 1, 2020 and June 30, 2022, meaning hundreds of customers may have bought a car they did not wish to purchase.

"Grays made false or misleading representations in at least 750 car descriptions on its website," Australian Competition and Consumer Commission Commissioner Liza Carver said. "We are aware of some consumers that paid to repair the vehicle that was incorrectly described or re-sold it at a loss."Australia's most trusted brands revealedAs Grays begins to reach out to affected car owners, the ACCC is warning of reports of scam callers that have been contacting people offering to help them secure a refund from various businesses.

 

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