NM Stat § 66-3-401 (2021)
2021 New Mexico Statutes|Chapter 66 - Motor Vehicles|Article 3 - Registration Laws; Security Interests; Anti-Theft Provisions; Bicycles; Equipment; Unsafe Vehicles; Off-Highway Motor Vehicles; Other Vehicles|Part 5 - SPECIAL REGISTRATION PLATES|Section 66-3-401 - Operation of vehicles under dealer plates.

A. Any vehicle that is required to be registered pursuant to the Motor Vehicle Code [66-1-1 NMSA 1978] and that is included in the inventory of a dealer may be operated or moved upon the highways for any purpose, provided that the vehicle display in the manner prescribed in Section 66-3-18 NMSA 1978 a unique plate issued to the dealer as provided in Section 66-3-402 NMSA 1978. This subsection shall not be construed as limiting the use of temporary registration permits issued to dealers pursuant to Section 66-3-6 NMSA 1978. Each dealer plate shall be issued for a specific vehicle in a dealer's inventory. If a dealer wishes to use the plate on a different vehicle, the dealer must reregister that plate to the different vehicle. B. The provisions of this section do not apply to work or service vehicles used by a dealer. For the purposes of this subsection, "work or service vehicle" includes any vehicle used substantially as a: (1) parts or delivery vehicle; (2) vehicle used to tow another vehicle; (3) courtesy shuttle; or (4) vehicle loaned to customers for their convenience. C. Each vehicle included in a dealer's inventory required to be registered pursuant to the provisions of Subsection A of this section must conform to the registration provisions of the Motor Vehicle Code, but is not required to be titled pursuant to the provisions of that code. When a vehicle is no longer included in a dealer's inventory, and is not sold or leased to an unrelated entity, the dealer must title the vehicle and pay the motor vehicle excise tax that would have been due when the vehicle was first registered by the dealer. D. In lieu of the use of dealer plates pursuant to this section, a dealer may register and title a vehicle included in a dealer's inventory in the name of the dealer upon payment of the registration fee applicable to that vehicle, but without payment of the motor vehicle excise tax, provided the vehicle is subsequently sold or leased in the ordinary course of business in a transaction subject to the motor vehicle excise tax or the leased vehicle gross receipts tax. History: 1953 Comp., § 64-3-401, enacted by Laws 1978, ch. 35, § 80; 1998, ch. 48, § 8; 2005, ch. 324, § 9; 2007, ch. 319, § 28. ANNOTATIONSCross references. — For special registration or prestige plates, see 66-3-15, 66-3-16 NMSA 1978. For special plates for horseless carriages, see 66-3-27 NMSA 1978. For fees for dealer plates, see 66-6-17 NMSA 1978. For suspension or revocation of special plates, see 66-8-5 NMSA 1978. The 2007 amendment, effective June 15, 2007, amended Subsection A to provide that dealer plates shall be issued for a specific vehicle in the dealer's inventory and that if the dealer wishes to use the plate on a different vehicle, the dealer must reregister the plate to the different vehicle and deletes "or auto recycler" throughout the section. The 2005 amendment, effective January 1, 2006, changed "wrecker of vehicles" to "auto recycler". The 1998 amendment, effective July 1, 1998, rewrote this section to the extent that a detailed comparison is impracticable. Plates not required for work or service vehicles. — Although Section 66-3-401 NMSA 1978 permits general use of a special dealer plate, certain vehicles, such as parts or delivery vehicles, owned by dealers are excluded from the subsection authorizing general use. Gross v. Pirtle, 245 F.3d 1151 (10th Cir. 2004). Am. Jur. 2d, A.L.R. and C.J.S. references. — 7A Am. Jur. 2d Automobiles and Highway Traffic §§ 150 to 152. 60 C.J.S. Motor Vehicles § 78.