This law requires motorcycle manufacturers, distributors, and their branches in Virginia to clearly specify dealer warranty obligations in writing and to fairly compensate dealers for warranty work. It sets standards for determining compensation amounts and procedures for requesting increases, ensuring dealers are fairly reimbursed for warranty parts and services. The law also includes provisions specific to model year 1992 and later for warranty parts compensation.
Manufacturers must specify in writing the dealer's warranty obligations and fairly compensate dealers for warranty parts, service, and diagnostic work.
Compensation must be at least equal to the amounts charged for nonwarranty retail services, excluding discounts and promotional pricing, and can be increased upon written request based on repair order history.
Yes, the law states that provisions regarding warranty parts compensation apply specifically to model year 1992 and subsequent years.
Yes, dealers can request increases in warranty compensation in writing, based on a set number of repair orders or a 90-day period, with increases expressed as a uniform percentage markup.