Kentucky HB648 amends motor vehicle dealer compensation rules.

Kentucky HB648 amends the state's motor vehicle dealer compensation rules. The bill specifies that manufacturers and distributors must compensate dealers for warranty and recall repairs, including labor, parts, and administrative costs. It mandates that compensation must be at least equal to the dealer's actual costs plus a 30% gross profit margin. The bill also outlines procedures for claim submissions, audits, and dispute resolution, ensuring timely and reasonable compensation for dealers.

Kentucky HB648 amends motor vehicle dealer compensation rules.

Kentucky HB648 amends the state's motor vehicle dealer compensation rules. The bill specifies that manufacturers and distributors must compensate dealers for warranty and recall repairs, including labor, parts, and administrative costs. It mandates that compensation must be at least equal to the dealer's actual costs plus a 30% gross profit margin. The bill also outlines procedures for claim submissions, audits, and dispute resolution, ensuring timely and reasonable compensation for dealers.