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.

List the four "classes" of dealers

Exporter
Fleet Lessor
General Dealer
Lease finance dealer

The correct answer is: General Dealer

The correct answer identifies a "General Dealer" as one of the four classes of dealers. A General Dealer typically manages various types of vehicle sales and is engaged in the buying and selling of retail motor vehicles. This category encompasses a broad range of operations, enabling dealers to provide customers with a diverse selection of vehicles. General Dealers are integral in the automotive industry as they cater to the general public, offering not only new but also used cars, including different brands and models. This definition aligns with the role of dealerships that operate in a marketplace, making vehicles accessible to a wide consumer base. The other classes mentioned, such as Exporter, Fleet Lessor, and Lease Finance Dealer, represent specific functions within the automotive industry but do not encompass the comprehensive nature and consumer-facing operations of a General Dealer. Exporters are focused on selling vehicles outside the country, Fleet Lessors typically deal with leasing vehicles to businesses for their fleets, and Lease Finance Dealers are primarily involved in arranging lease financing options, which are more specialized roles.