Every manufacturer shall specify to the dealer the delivery and preparation obligations of its motor vehicle dealers prior to delivery of new motor vehicles to retail buyers. A copy of the delivery and preparation obligations of its motor vehicle dealers and a schedule or statement of the compensation to be paid or credited to its motor vehicle dealers for the work and services they shall be required to perform in connection with such delivery and preparation obligations shall be furnished to the dealer. The compensation as set forth on such schedule or statement shall be reasonable and paid or credited as set out in Section 7 [57-16-7 NMSA 1978] of this act.
History: 1953 Comp., § 64-37-6, enacted by Laws 1973, ch. 6, § 6.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 16 - Motor Vehicle Dealers Franchising
Section 57-16-1 - Declaration of policy.
Section 57-16-2 - Application of act.
Section 57-16-3 - Definitions.
Section 57-16-4 - Unlawful acts; dealers.
Section 57-16-5 - Unlawful acts; manufacturers; distributors; representatives.
Section 57-16-5.1 - Prohibition on denial of claims based on technical errors.
Section 57-16-6 - Obligations; statement of compensation.
Section 57-16-6.1 - Motorcycle dealers; new product; franchise or sales agreement.
Section 57-16-6.2 - Recreational vehicles; franchise agreements.
Section 57-16-7 - Warranty and recall claims; payment.
Section 57-16-7.1 - Sales and service incentives; audit.
Section 57-16-8 - Unreasonable restrictions; site control agreements; exclusive use agreements.
Section 57-16-9 - Franchise renewal; termination; anticipatory termination.
Section 57-16-9.1 - Succession to motorcycle dealership.
Section 57-16-9.2 - Motor vehicle dealers; termination of franchise; return of inventory.
Section 57-16-10 - Refunds; discounts.
Section 57-16-11 - Injunction.
Section 57-16-12 - Venue of suits; relief.
Section 57-16-13 - Right of action; damages.
Section 57-16-14 - Limitations on suits.