How often must dealers conduct evaluations of their practices to maintain compliance?

Dealers must conduct evaluations of their practices regularly, at least once per year, to maintain compliance with industry regulations. This requirement is essential because it helps ensure that dealers are consistently adhering to all applicable laws, regulations, and best practices within the automotive sales sector. Regular evaluations allow dealers to identify any areas where they may be falling short, implement corrective actions, and stay informed about any changes in laws or industry standards.

By performing these evaluations annually, dealers can proactively manage their compliance obligations, thus minimizing the risk of violations and potential penalties. This approach promotes a culture of continuous improvement and responsibility in the dealership's operations, ultimately benefiting both the business and its customers.