RD129 - Biennial Report of the Virginia Motor Vehicle Dealer Board


Executive Summary:
The Board consists of nineteen members for which the Governor, subject to confirmation by the General Assembly, appoints seventeen. In order to stagger appointments and ensure continuity, initially, eight members were appointed to two-year terms and nine were appointed to four-year terms.

The primary focus of the Motor Vehicle Dealer Board (MVDB), as mandated by Virginia statute (Chapter 15 of Title 46.2), is to regulate new and used car dealers including certifying and licensing dealers and salespersons. Additionally, the MVDB administers the Motor Vehicle Transaction Recovery Fund (MVTRF), handles consumer complaints regarding motor vehicle dealers, monitors dealer advertising, and schedules hearings.

During this two-year report period, the MVDB has:

• Processed nearly 7,000 dealer licenses
• Processed over 41, 600 salespersons licenses
• Issued over 75,700 dealer plates
• Assisted over 6,000 consumers
• Successfully accomplished all agency executive agreements
• Successfully transitioned under VITA
• Developed and Implemented an Automated Dealer Look-up
• Became the first agency in the Commonwealth to Refresh Using the Contracted Seat Management Technology

In FY 96, the Board adjusted licensing fees that dealers pay to the Board. These fees cover all of the expenses of the Board. When these fees were adjusted, it was done with a five year planning horizon. The plan was for the Board to collect sufficient yearly revenues to accumulate a fund balance that would meet operational needs throughout that five-year period.

Efficiencies have expanded projections. The existing fee structure will provide a revenue base capable of supporting the agency throughout FY06.