Maryland Statutes
Subtitle 3 - Dealers
Section 15-305.1 - Wholesale 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.

Structure Maryland Statutes