OMVIC Practice Test

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Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Dealers have to keep records about vehicles they sell or lease. What information must be kept according to the regulations?

a. Vehicle identification number
b. Sale price
c. Customer's favorite color
d. Vehicle make and model

The correct answer is: a. Vehicle identification number

Dealers are required to keep records about the vehicles they sell or lease. This includes the vehicle identification number (VIN), which is a unique code used to identify individual vehicles. This is important for tracking the history of the vehicle and ensuring that it has not been stolen or involved in any illegal activities. Options B and D are incorrect because while dealers may or may not choose to keep records of the sale price or vehicle make and model for their own purposes, it is not required by regulations. Option C is incorrect because the customer's favorite color is not relevant information for record-keeping requirements.