Virginia law requires that dealership performance standards and programs be fair, reasonable, and based on valid data, with transparency upon request. The law also establishes penalties for non-compliance, including civil fines up to $1,000 per day. Additionally, it addresses issues related to late model and factory repurchase franchises.
Standards must be fair, reasonable, equitable, and based on statistically valid surveys. Dealers can request written disclosures on how standards are applied.
The Commissioner can impose civil penalties up to $1,000 per day for non-compliance, which are deposited into the Highway Maintenance and Operating Fund.
Yes, upon request, a manufacturer or distributor must provide a written description of how standards or programs are designed and applied.
The law addresses regulations concerning late model and factory repurchase franchises, ensuring fair treatment and compliance for such agreements.