Vehicle dealers in South Dakota must now follow new procedures when permanently closing their business, including notifying the department, paying outstanding fees within 14 days, completing a closure visit, returning dealer plates, and liquidating all remaining inventory within 45 days through auction, personal transfer, or department-approved methods. Dealers must also keep physical records at their business location for at least the past 12 months (rather than relying solely on electronic storage), and can no longer use the words "broker" or "wholesale" in their business names, advertising, or marketing materials. Additionally, document fees must now be included in advertised vehicle prices, and dealers using the department's online system must obtain 45-day sold permits rather than handwritten documentation.
AI-generated from the proposed rule text — verify against the official documents.
The effect of the rules will be to establish procedures for permanent closure of a motor vehicle dealer, to establish certain required uses of the Department’s 605Drive system, to permit retention of electronic records, to require retention of certain paper records for at least a year, to require document fees be advertised for customers in accordance with federal law, to prohibit the use of “broker” and “wholesale” in dealer names and advertising materials, and to provide form and style adjustments.
No specific cites listed — see the package documents.
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