This bill amends section 320.64 of the Florida Statutes to impose new restrictions on motor vehicle dealers regarding the wholesale sale of vehicles. Specifically, it prohibits applicants and licensees from selling more than 3,000 motor vehicles at wholesale to other dealers within a 12-month period unless they have established at least five independent motor vehicle dealers in the state. The bill defines an independent dealer and outlines the conditions under which a dealer is considered independent, including ownership and control limitations.

Additionally, the bill establishes that violations of these provisions can lead to the denial, suspension, or revocation of a dealer's license. It also allows affected dealers to seek remedies if they can demonstrate that a violation by an applicant or licensee could adversely impact their business. The act is set to take effect on July 1, 2026.