What percentage of ownership evidence must Colorado dealers maintain for used vehicles?

In Colorado, vehicle dealers are required to maintain evidence of ownership for all used vehicles sold. This means that for any used vehicle transaction, the dealer must keep documentation that verifies the ownership history, ensuring transparency and accountability in the sales process. Requiring 100% of ownership evidence ensures that the dealer has complete and thorough documentation verifying the legitimacy of the vehicle's title, and it protects both the dealer and the consumer by upholding legal standards.

Maintaining full evidence of ownership helps prevent issues related to title transfers, theft, or any disputes regarding the vehicle's history, making it crucial for dealers to keep this documentation intact. The regulations underscore the importance of trust and reliability in the automotive sales industry, ensuring that used vehicles are sold with clear, verified histories.