Article 5. Transfers Through Wholesale Auctions of California Vehicle Code >> Division 3. >> Chapter 2. >> Article 5.
A dealer who conducts a wholesale motor vehicle auction and
who uses the form prescribed in subdivision (b) of Section 4456 shall
include the phrase "SOLD THROUGH [name of dealer conducting the
auction]" and the date of the auction on the certificate of title of
every vehicle sold, in a manner prescribed by the department.
For each vehicle sold pursuant to this article, the dealer
who conducts the auction shall maintain a copy of the following
documents for a period of not less than five years:
(a) The form required by subdivision (b) of Section 4456.
(b) A copy of the auction sales agreement.
(c) A copy of the odometer statement required by Section 5900.
Notwithstanding any other provision of law, a dealer who
purchases a vehicle pursuant to this article has the same rights and
remedies against the dealer who conducts the auction sale as if that
dealer were an owner and seller of the auctioned vehicle. The
purchaser dealer's rights and remedies are in addition to any right
or remedy he or she may have against the seller of a vehicle sold at
a wholesale motor vehicle auction. The provisions of this section may
not be waived or modified by agreement, or by recharacterization of
This article shall become operative on July 1, 1993.