Hawaii HB1666 limits markups on new motor vehicles to 5% of the manufacturer's suggested retail price.

Hawaii HB1666 amends Chapter 437 of the Hawaii Revised Statutes to impose a cap on markups for new motor vehicles. Dealers are prohibited from selling new vehicles at a price exceeding a 5% markup over the manufacturer's suggested retail price. The bill also mandates that any markups be disclosed in the motor vehicle purchase agreement, with the buyer required to acknowledge and consent to the disclosure.

Hawaii HB1666 limits markups on new motor vehicles to 5% of the manufacturer's suggested retail price.

Hawaii HB1666 amends Chapter 437 of the Hawaii Revised Statutes to impose a cap on markups for new motor vehicles. Dealers are prohibited from selling new vehicles at a price exceeding a 5% markup over the manufacturer's suggested retail price. The bill also mandates that any markups be disclosed in the motor vehicle purchase agreement, with the buyer required to acknowledge and consent to the disclosure.