New Rules Introduced To The Regulation On The Trade In Motor Vehicles

A Regulation on the Trade in Motor Vehicles (the "Regulation"), issued by the Ministry of Trade, was published in the Official Gazette of 27 August 2024 numbered 32645. This Regulation repeals the previous Regulation on the Trade in Second-Hand Motor Vehicles, expanding the scope of regulations for trading in second-hand vehicles and introducing new obligations for distributors and authorised dealers concerning the trade in new vehicles. The key provisions of the Regulation are detailed below.

THE TRADE IN NEW MOTOR VEHICLES IS NOW COVERED BY THE REGULATION

The Regulation introduces measures aimed at preventing unfair commercial practices by those engaged in the trade in motor vehicles. Accordingly, unfair commercial practices are defined as activities carried out by distributors that significantly disrupt the commercial operations of authorised dealers, diminish their ability to make reasonable decisions, or result in their involvement in a commercial