What must a dealership report to the Motor Vehicle Dealer Board?

A dealership is required to report changes in business ownership or location to the Motor Vehicle Dealer Board because such changes can significantly affect the operation of the dealership, its compliance with state regulations, and its licensing status.

When a dealership changes ownership, it may involve alterations in the legal status or operations, necessitating review and approval from the regulatory body to ensure that the new owners meet all legal and regulatory requirements for conducting business in that capacity. Similarly, relocating a dealership can impact zoning compliance, regional licensing requirements, and possibly alter the customer base. Therefore, the Motor Vehicle Dealer Board needs to be informed of these major changes to maintain oversight and ensure that all dealerships operate within the legal framework set by state law.

Options focusing on management structure, employee training protocols, or inventory levels are typically not required to be reported in the same way because they might not directly influence the dealership's compliance, operations, or licensing as much as ownership and location changes do.