(Beaver Dam) The state of Wisconsin has revoked the dealer license for four Beaver Dam area wholesalers for failing to have a dealer bond. The Wisconsin Department of Transportation Division of Motor Vehicles issued the order against All Auto Dealer, AG Auto Traders, Great Auto 4 U, and NM Auto Sales. The DOT lists each dealer’s address at 1645 North Spring Street #210.
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. Officials with the DMV say maintaining a bond is a standard business practice and an added security measure that is meant to protect consumers.
No appeals have been filed in these cases and the decision to revoke is final.
State transportation officials say in recent years, Wisconsin has seen a dramatic increase in the number of wholesale dealer licenses and consumer complaints resulting in investigations. They add that a wholesale dealer license allows businesses to only sell vehicles between dealer to dealer. A wholesaler may not sell vehicles directly to the public
