What are the key responsibilities of a licensed motor vehicle dealer?

A licensed motor vehicle dealer has several key responsibilities that are crucial for operating in compliance with the law and maintaining a reputable business. One of the primary responsibilities is to adhere to state regulations, which involves understanding and following the rules specific to vehicle sales, licensing, and consumer protection. This ensures that the dealer is conducting business legally and ethically, which is vital for protecting both the business and its customers.

Maintaining accurate records is another critical aspect of a dealer's responsibilities. This includes keeping detailed documentation of all transactions, vehicle types, sales prices, and customer information. Accurate record-keeping is essential not only for business management but also for tax purposes and to provide transparency in transactions.

Conducting transactions transparently builds trust with customers and the community. This means providing clear information about vehicle conditions, pricing, warranties, and any fees associated with the sale. Transparency is key to fostering customer confidence and encourages repeat business and referrals.

In contrast, offering free repairs for all vehicles is not a standard responsibility or requirement of motor vehicle dealers, as this could be financially unsustainable. Selling used vehicles exclusively is also not accurate, as dealers can handle both new and used vehicles. Lastly, while creating advertisements may be part of a dealer's marketing strategy, it is not a