Looking to start your own dealership in Arkansas? The Arkansas car market offers great opportunities for entrepreneurs, but you must first obtain the proper license through the Arkansas State Police's Used Motor Vehicle Dealer (UMVD) Section. This guide outlines the process step by step.
License Type: Used Motor Vehicle Dealer
Age 18+ with no disqualifying criminal history
Must have a physical business location (not residential), signage, and a lockable file cabinet
Currently, Arkansas does not require pre-licensing education for used motor vehicle dealers
Must have a commercial location with signage visible from the street and space for conducting business
$25,000 surety bond minimum required
Proof of garage liability insurance as required by the state
$250 license fee
Submit application with location photos, bond, insurance proof, and ownership details
State inspection of the premises, signage, and records
Renew license regularly and maintain proper records for at least 3 years
After obtaining your dealer license, consider using Carprolive for all your automotive software needs. From managing your inventory and offering a professional dealership website to accessing a full print forms library and enabling e-signature capabilities, Carprolive is built to support new and growing dealerships every step of the way.
Please note: The contents of this article are subject to change with any regulatory or legislative updates. This article does not constitute legal advice. Always verify the information with your state’s regulatory agency before proceeding.
https://dps.arkansas.gov/law-enforcement/arkansas-state-police/services-programs/used-motor-vehicle-dealer-licensing/
https://www.jwsuretybonds.com/blog/arkansas-auto-dealer-license
https://www.suretybonds.com/guide/arkansas/used-motor-vehicle-dealer-license