What form must wholesale dealers use to record a transaction?

The appropriate form that wholesale dealers must use to record a transaction is a Wholesale Report of Sale (ROS) issued by the DMV. This form is specifically designed for documenting wholesale transactions in the car industry, ensuring that all necessary information is captured and is in compliance with regulatory standards.

The Wholesale Report of Sale provides a clear structure for recording essential details such as the vehicle identification number (VIN), the buyer and seller information, and the sale date, making it an official document recognized by the Department of Motor Vehicles. This standardized form helps streamline the process for regulatory compliance and keeps accurate records of transactions between dealers, which is crucial for tracking the movement of vehicles in the wholesale market.

In contrast, other forms like a Bill of Sale, Standard Sales Agreement, or Invoice Form, while useful for various types of sales transactions, do not meet the specific requirements set forth for wholesale transactions within the DMV's regulations.