What might be a consequence of consumer protection agencies not existing in the motor vehicle industry?

In the absence of consumer protection agencies within the motor vehicle industry, one significant consequence would be a heightened risk of fraud and exploitation. These agencies play a critical role in monitoring the practices of manufacturers and dealerships to ensure fair treatment of consumers. Without them, there is a greater likelihood that dishonest businesses could engage in deceptive practices, such as selling defective vehicles without proper disclosures or using misleading advertising to promote unsafe cars.

Consumer protection agencies also help establish and uphold standards that protect buyers from exploitation, ensuring that they receive accurate information regarding vehicles, warranties, and service agreements. Without this oversight, consumers may find themselves vulnerable to scams and unfair business practices, leading to financial loss and safety hazards. Therefore, the absence of these agencies would directly contribute to an environment where trust in the marketplace diminishes, and consumer rights are not safeguarded.