The Ontario Motor Vehicle Industry Council (OMVIC) licences and regulates motor vehicle dealers in Ontario and administers the Motor Vehicle Dealers Act on behalf of the Minister of Consumer Services. OMVIC’s mandate is to maintain a fair, safe and informed marketplace by ensuring registration of dealers and salespeople, inspecting dealerships, maintaining a complaint line for consumers, conducting investigations and enforcing the Act and its associated rules and regulations. OMVIC is also responsible for administering the Motor Vehicle Dealers Compensation Fund on behalf of a Board of Trustees. Registration with OMVIC is mandatory for Ontario’s motor vehicle dealers and salespersons.
OMVIC was created on January 7, 1997 and marked the first regulated business sector to move to self-management. OMVIC is non-profit and governed by a 12-member Board of Directors. Seventy staff members, a number of whom work from regional home-based offices, provide OMVIC's services.
A new Motor Vehicle Dealers Act (MVDA) became law in Ontario on January 1, 2010. Under the new MVDA there are broad changes to the way dealers must operate. It clarifies former "grey areas" by stipulating clear requirements for advertising, pricing, vehicle disclosure, contracts and consumer remedies. OMVIC’s YouTube channel launched in conjunction with the introduction of the new Act.
Read more about Ontario Motor Vehicle Industry Council: OMVIC’s Objectives, Registration, Complaint Handling Process, Motor Vehicle Dealers Compensation Fund, Know Your Ride, Buy With Confidence, See Also
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