Which of the following is NOT a type of dealer license?

The correct answer indicates that a leasing motor vehicle dealer is not classified as a specific type of dealer license under the standard categories recognized in Colorado. The state typically recognizes four primary types of dealer licenses, each serving distinct functions in the automotive marketplace.

New motor vehicle dealers are licensed to sell brand-new vehicles from manufacturers. Used motor vehicle dealers focus on the sale of pre-owned vehicles. Wholesale motor vehicle dealers primarily engage in transactions between dealers rather than with the public, facilitating the purchase and sale of inventory among licensed dealers.

Leasing, while an important aspect of vehicle transactions, does not constitute a separate licensing category as defined by the Colorado Motor Vehicle Dealer Board. Instead, leasing activities often fall under the purview of existing dealer types, typically categorized under used or new motor vehicle dealers, depending on the nature of the vehicles involved. This distinction highlights the regulatory structure concerning how businesses engage in vehicle sales and leasing in Colorado.