§ 15–305.1

Statutes in effect as of October 1, 2026.

Md. Code Ann., Transp. § 15-305.1 (2026)

Title 15. Vehicle Laws -- Licensing of Businesses and Occupations

Subtitle 3. Dealers

(a)

A wholesale dealer who is licensed by the Administration under this subtitle:

(1)

May buy a vehicle from another dealer, at an auto auction, or from a retail seller;

(2)

May sell a vehicle to or exchange vehicles with another dealer;

(3)

Except as provided in item (4) of this subsection, may sell a vehicle or exchange vehicles at an auto auction;

(4)

May not sell a vehicle to or exchange vehicles with a retail buyer; and

(5)

May not buy, sell, or exchange new vehicles.

(b)

A wholesale dealer shall keep a record of the following:

(1)

The year, make, model, and identification number of a vehicle that is bought, sold, or exchanged;

(2)

The date that a vehicle is bought, sold, or exchanged;

(3)

The amount for which a vehicle is bought or sold;

(4)

The name, address, and license number of the other person with whom the wholesale dealer conducts a purchase, sale, or exchange;

(5)

The odometer mileage statement for a vehicle that is required under the federal Motor Vehicle Information and Cost Act; and

(6)

Each invoice, bill of sale, and other pertinent document and record in the form required by the Administration.