California Passes New Law for Retailing Salvage Units
A new California law signed this week created changes for salvage vehicles that eventually make it onto a dealer’s retail lot.
Now any franchised or independent store in California that tries to retail a salvage unit must place a special sticker on the window and include the report from the National Motor Vehicle Title Information System (NMVTIS).
Gov. Jerry Brown signed the measure — AB1215 — Monday after California legislators introduced it back on Feb. 18. The new law goes into effect on July 1, 2012.
Rod Davis is president of the Independent Automobile Dealers Association of California. Davis told Auto Remarketing the majority of dealers might not know yet this new law is in place, but he and the rest of the association’s executive committee have discussed it regularly.
“There has been a lot of discussion about whether this is something we want to support or not. As we look at all of the pros and cons, it’s definitely a benefit,” Davis surmised.
“The percentage of vehicles that this applies to is minimal. It’s a very, very small percentage,” Davis emphasized. “It’s only vehicles that have some sort of a branded title. It would be a salvage title, a lemon-law vehicle, anything like that.
“What the selling dealer has to do is put that notation and a copy of that report on the window, disclosing this has a branded title,” he went to say.
The law also states it does not create any legal duty upon the dealer related to the accuracy, errors or omissions contained in a NMVTIS vehicle history report that is obtained from a NMVTIS data provider or any legal duty to provide information added to NMVTIS after the dealer obtained the NMVTIS vehicle history report.
Another element to this new law is a raise in the allowance California dealer can charge in documentation fees. Previously, the cap stood at $55 for sale transactions and $45 for lease contracts. Now, stores can charge $80 for either deal.
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From the wholesale perspective, Davis reiterated what officials from Insurance Auto Auctions and Total Resource Auctions told . “This law effects only retail dealers,” Davis stressed. Manheim group vice president of Total Resource
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