OMVIC Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

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.

Which dealer class buys, sells, or trades in both new and used vehicles?

a. Broker
b. General Dealer (used subclass)
c. General Dealer (new and used subclass)
d. Wholesaler

The correct answer is: c. General Dealer (new and used subclass)

The correct term for a dealer class that buys, sells, or trades in both new and used vehicles is a "General Dealer (new and used subclass)." A broker typically acts as an intermediary between buyers and sellers, but does not typically buy or sell vehicles themselves. A "General Dealer (used subclass)" may only specialize in selling used vehicles, making option B incorrect. A wholesaler typically sells goods in large quantities to retailers, making option D incorrect. Therefore, option C is the best and most accurate answer.