Reminder: Wholesalers Must NOT Trade with the Public
- Published On
- January 30, 2020
OMVIC is reminding dealers registered as Wholesalers that they may only trade with other registered dealers.
Wholesale Class Restrictions
The Motor Vehicle Dealers Act (MVDA) prohibits Wholesalers from selling vehicles to, OR, purchasing vehicles from, members of the public. Specifically, Wholesalers may only:
- Trade with other registered motor vehicle dealers
- Purchase vehicles from the Crown, or a person who is exempt (i.e. listed in section 2.1 of the MVDA Regulations)
- Sell vehicles at a wholesale auction to a person located in another jurisdiction (i.e. outside Ontario) where that person is registered with an equivalent status to a registered motor vehicle dealer
For additional information regarding required disclosure in wholesale transactions, click here tto review OMVIC’s Wholesale Webinar recording. The webinar covers topics including: Wholesale disclosure obligations, the difference between retail and wholesale disclosure and how OMVIC can help.
For more information on the Wholesale class, including restrictions, contact OMVIC’s Registration Team at 1-800-943-6002×3941, or email: firstname.lastname@example.org