The "Recreational Vehicle Manufacturer and Dealer Act" establishes a regulatory framework governing the relationship between manufacturers and dealers of new recreational vehicles. It requires a formal manufacturer-dealer agreement that outlines the rights and responsibilities of both parties, including provisions for termination, cancellation, or nonrenewal, which necessitate good cause and written notice. The bill mandates that manufacturers repurchase unsold vehicles and equipment from dealers under specific conditions, providing financial protection for dealers. Additionally, it introduces consumer protection measures, such as warranty obligations, inspection procedures for damaged vehicles, and the prohibition of coercive practices by manufacturers against dealers.

The bill also includes new definitions and clarifications related to motor vehicles, including the definitions of "manufacturer," "motor vehicle," and "recreational vehicle." It repeals Section 57-16-6.2 NMSA 1978, which may have contained outdated provisions, and sets an effective date of January 1, 2026, for the new definitions and changes. The legislation aims to enhance accountability and fairness in the recreational vehicle industry by allowing aggrieved parties to seek civil action for violations, mandating mediation before civil actions, and introducing penalties for violations, including potential suspension or revocation of dealer licenses. Overall, the act seeks to create a fair and transparent environment for the recreational vehicle industry in New Mexico.

Statutes affected:
introduced version: 57-16-2, 57-16-3, 57-16-6.2
CT substitute: 39-3-1.1, 57-16-3, 57-16-6.2