The bill amends section 320.64 of the Florida Statutes to prohibit motor vehicle manufacturers and franchised dealers from establishing a monopolistic dealer body. Specifically, it introduces a new provision that states an applicant or licensee must sell at least 3,000 motor vehicles at wholesale to dealers in the state within a 12-month period only after establishing at least five independent motor vehicle dealers. The bill defines "independent" dealers and outlines the criteria under which a dealer is considered independent from another, including ownership and control limitations.

Additionally, the bill allows motor vehicle dealers who can demonstrate that a violation of these provisions by an applicant or licensee could adversely affect them to pursue remedies as provided in sections 320.695 and 320.697. The act is set to take effect on July 1, 2026.