The maximum number of dealer plates for a wholesale vehicle dealer is initially one plate.Ī Class W dealer may apply for additional dealer plate(s). One plate for each seven vehicles in excess of 400, up to a maximum of 100 platesĬlass W dealers may purchase dealer plates, however, there is not a minimum number required.One plate for each five vehicles carried in highest inventory, up to and including 400 vehicles.Class C and Class R dealers will also need to have the Salvage Vehicle Agent license.Ĭlass A and Class B dealers are required by law to purchase a minimum of two dealer plates.Įligibility for additional dealer plates is determined using the following formula: Only a Salvage Vehicle Agent may buy salvage or scrap titled vehicles at an auction. Wholesalers may not buy, sell, or otherwise deal in vehicles to a person other than a licensed vehicle dealer. The dealer may also acquire whole vehicles to dismantle for the resale of parts, selling the remainder as scrap.īuys and sells used vehicles from and to licensed vehicle dealers. The dealer may also acquire whole vehicles to dismantle for the resale of parts, selling the remainder as scrap.īuys or otherwise acquires late model major component parts for resale, either at wholesale or at retail. This dealer buys or otherwise acquires late model major component parts for resale, either at wholesale or at retail. Licensed in another state and is in the business of purchasing, selling, or otherwise dealing on a wholesale basis in salvageable parts or late model distressed vehicles in Michigan. Stores and displays damaged or distressed vehicles for insurance companies. Processes vehicles into scrap metal by shredding, shearing, fragmenting, baling, or similar means.Ĭrushing is not considered a scrap metal process since it is not the final step before remelting.
In the broker's role regarding the sale, purchase, lease or exchange of vehicles or salvageable parts, the broker does not have title or other legal interest in the vehicle or salvageable part.Ī person who conducts a vehicle auction is a type of broker and requires a Class D license.īuys, transports, and sells vehicles only to a Class C Used Vehicle Parts Dealer Class F Scrap Metal Processor or Class R Automotive Recycler.
The dealer may also acquire whole vehicles to dismantle for the resale of parts, selling the remainder as scrap.įor compensation, brings a buyer and seller together, negotiates the terms of a transaction, or displays a vehicle offered for sale. Buys and sells new vehicles under a franchise agreement or contract with the manufacturer of the new vehicle.Īcquires late model major component parts for resale, either at wholesale or at retail.
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