Release date: May 28, 2024
The Wisconsin Department of Transportation Division of Motor Vehicles (DMV) revoked the wholesale dealer licenses of two dealers for failing to properly follow administrative requirements:
- Financial Institution Car Sales LLC, 10150 W National Ave. #200, Milwaukee, violated state law when they failed to maintain a business facility.
- Equality Motors LLC, 8519 W Kaul Ave., Milwaukee, for failing to maintain a dealer bond.
Wisconsin law requires wholesale dealers to carry a security bond to ensure if they commit illegal actions, such as rolling back an odometer or making an illegal sale, a consumer may file a claim against their bond to recoup money lost. Maintaining a bond is a standard business practice and an added security measure that is meant to protect consumers.
DMV’s Dealer and Agent Section licenses and regulates dealers in Wisconsin. DMV also supports consumers by investigating complaints about odometer tampering and title fraud that involve dealerships and private sellers. It also works to resolve disputes about dealership sales and warranty repairs.
For more information, contact:
WisDOT Office of Public Affairs
(608) 266-3581,
opa.exec@dot.wi.gov