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.

What is the main law that regulates Ontario's retail automotive industry?

The Motor Vehicle Dealers Act (MVDA)
The Motor Vehicle Act (MVA)
The Dealers Act for Regulation of Motor Vehicles (RVM)
Ontario's Motor Vehicle Act (OMVA)

The correct answer is: The Motor Vehicle Dealers Act (MVDA)

The main law that regulates Ontario's retail automotive industry is the Motor Vehicle Dealers Act (MVDA). This act was specifically created to regulate the sale, lease, and financing of motor vehicles in the province of Ontario. The Motor Vehicle Act (MVA) only covers general regulations for motor vehicles and does not specifically relate to retail automotive sales. The Dealers Act for Regulation of Motor Vehicles (RVM) and Ontario's Motor Vehicle Act (OMVA) are not actual laws and do not pertain to the regulation of the retail automotive industry in Ontario.