Bill No. 604, introduced by Senators Gollihare and Dobrinski, amends various sections of Oklahoma's motor vehicle laws to update definitions and licensing requirements for motor vehicle dealers and related entities. Key changes include a revised definition of "new motor vehicle dealer," which now explicitly includes those who "receive deposits for vehicles," and the removal of certain exceptions previously granted to specific entities. The bill also expands the definitions of "manufacturer" and "distributor" to encompass partnerships, joint ventures, and common entities, thereby broadening the scope of licensing requirements. Additionally, it introduces new data security standards for dealer management system providers and modifies the conditions under which licenses may be denied, revoked, or suspended, enhancing consumer protection and ensuring compliance with updated legal standards.

The bill further establishes fair performance standards for measuring dealer performance, ensuring that these standards are equitable and consider local economic conditions. It mandates reasonable compensation for warranty and recall repairs, prohibits manufacturers from coercing dealers into purchasing specific goods or services, and addresses the requirements for electric vehicle charging stations. Notably, the bill removes previous language that allowed manufacturers to impose compliance requirements on dealers regarding franchise agreements and vehicle sales. The act is set to take effect on November 1, 2025, aiming to create a more equitable relationship between manufacturers and dealers while enhancing the rights and protections of new motor vehicle dealers and powersports vehicle dealers.

Statutes affected:
Committee Substitute: 47-562, 47-564, 47-565
Floor (House): 47-562, 47-564, 47-565
Floor (Senate): 47-562, 47-564, 47-565
Engrossed: 47-562, 47-564, 47-565