Florida S1562 adds a provision to deny, suspend, or revoke a license for wholesale motor vehicle sales without independent dealers.

Florida S1562 amends the Florida Statutes to add a new ground for the denial, suspension, or revocation of a license for motor vehicle manufacturers, importers, and distributors. Specifically, a license may be denied, suspended, or revoked if the licensee has sold at least 3,000 motor vehicles at wholesale to motor vehicle dealers in a 12-month period without first establishing at least five independent motor vehicle dealers in the state.

Florida S1562 adds a provision to deny, suspend, or revoke a license for wholesale motor vehicle sales without independent dealers.

Florida S1562 amends the Florida Statutes to add a new ground for the denial, suspension, or revocation of a license for motor vehicle manufacturers, importers, and distributors. Specifically, a license may be denied, suspended, or revoked if the licensee has sold at least 3,000 motor vehicles at wholesale to motor vehicle dealers in a 12-month period without first establishing at least five independent motor vehicle dealers in the state.