When are dealers required to inform consumers about previous incident damage?

Dealers are required to inform consumers about previous incident damage specifically for any damage that exceeds $3,000. This guideline is crucial because it ensures that consumers are fully informed about the condition of the vehicle they intend to purchase, particularly regarding significant repairs or incidents that could affect its safety, performance, or resale value. Transparency in this area helps build trust between dealers and consumers, allowing buyers to make more informed decisions based on the vehicle's history. Reporting damage over this threshold is part of the ethical standards within the automotive sales industry, aiming to protect consumers from potential misrepresentation or undisclosed issues.