How often must a dealership renew its license in Virginia?

In Virginia, a dealership must renew its license annually. This requirement is designed to ensure that all dealerships remain compliant with state laws and regulations, and it allows the DMV to keep up to date with any changes in the dealership's operations or ownership. Annual renewals also help in maintaining standards within the industry, ensuring that only those dealers who meet specific criteria are allowed to operate. Regular renewal serves as a mechanism for oversight and accountability, reflecting the ongoing commitment to consumer protection and the integrity of the automotive market.