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Automobile DealerAn Auto-dealer or Dealer is a business or person which sells new and/or used vehicles. Dealers are subject to some federal regulations and individual states may also have state regulations. Some dealership operate in multiple states. However different states may have different regulations and procedures, so the dealer data may only apply to information about the parts of a dealership within a given state. The dealer is identified by its EIN. Within a state a dealer may be identified by its state assigned Dealer Code. For new vehicles, dealers receive a MCO from the manufacturer as proof of ownership of a vehicle. Dealers may exchange vehicles with other dealerships, this is known a reassignment. When a dealer sells a new vehicle, the MCO is surrendered and title is issued to the new owner. A dealer may receive a title from the motor vehicle data center as a result of a request by a lienholder which releases its lien on the vehicle and requests that the title from the jurisdiction be sent directly to the dealer. |
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