New Mexico § 66-3-402 Application for dealer plates

New Mexico Statutes

§ 66-3-402 — Application for dealer plates

New Mexico·Ch. 66 Motor Vehicles·Art. 3 Registration Laws; Security Interests; Anti-Theft

A. A dealer may apply to the department on the appropriate form for one or more dealer plates. The applicant shall submit proof of being a bona fide dealer as may reasonably be required by the department. B. The maximum number of dealer plates for which a dealer of new or used motor vehicles or motorcycles may apply pursuant to this section shall be:

(1)for a dealer who sold in the previous calendar year five or more but fewer than fifty vehicles, one plate;

(2)for a dealer who sold in the previous calendar year more than fifty but fewer than one hundred vehicles, three plates;

(3)for a dealer who sold in the previous calendar year more than one hundred but fewer than five hundred vehicles, five plates; and (4) for a dealer who sold in the previous calendar year five hundred or more veh

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A. A dealer may apply to the department on the appropriate form for one or more dealer plates. The applicant shall submit proof of being a bona fide dealer as may reasonably be required by the department. B. The maximum number of dealer plates for which a dealer of new or used motor vehicles or motorcycles may apply pursuant to this section shall be: (1) for a dealer who sold in the previous calendar year five or more but fewer than fifty vehicles, one plate; (2) for a dealer who sold in the previous calendar year more than fifty but fewer than one hundred vehicles, three plates; (3) for a dealer who sold in the previous calendar year more than one hundred but fewer than five hundred vehicles, five plates; and (4) for a dealer who sold in the previous calendar year five hundred or more vehicles, ten plates. C. A dealer shall be entitled to five plates in the first calendar year in which it begins business. A dealer who is licensed pursuant to the provisions of Section 66-4-1 NMSA 1978 on or after August 1 of any calendar year shall also be entitled to five plates in the calendar year following the year in which it is first licensed to do business. D. The department upon granting application shall issue to the applicant a certificate containing the applicant's name and address and the numbers of the dealer plates assigned to the applicant.

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