Section 257.248d - Wholesaler; requirementsAll of the following requirements apply to a wholesaler:
(a) A wholesaler shall not advertise vehicles for sale on the internet or any classified listing unless the advertisement clearly discloses the wholesaler's license classification and clearly states that a purchaser must be a licensed vehicle dealer.(b) A wholesaler shall not buy or sell fewer than 24 vehicles in this state each year to retain possession of a wholesaler license.(c) A wholesaler shall maintain an established place of business in this state in accordance with the conditions listed in section 14(3).(d) A wholesaler shall maintain and adhere to designated business hours that are filed with the secretary of state.(e) A wholesaler shall maintain regular hours of operation at an established place of business that include at least 15 regular business hours per week between the hours of 8 a.m. and 5 p.m., Monday through Friday.Amended by 2022, Act 224,s 10, eff. 1/23/2023.Added by 2012, Act 498,s 8, eff. 3/28/2013.Former section 257.248d was repealed by 1992, Act 304, Imd. Eff. Dec. 21, 1992.