Bill > HB1666

This bill establishes new regulations for the sale of new motor vehicles in Hawaii, primarily by limiting the amount dealers can charge above certain costs. Specifically, it prohibits dealers from selling new motor vehicles for more than a five percent markup over the manufacturer's suggested retail price, which is the price recommended by the manufacturer. During a declared state of emergency, this markup is further restricted to zero, meaning dealers cannot add any extra charges to the sell price of new vehicles. The bill also requires dealers to clearly disclose any markup amount and its justification in the purchase agreement, with the buyer's separate acknowledgment and consent, and to keep records of these markups for at least three years. Furthermore, for any direct financing offered by dealers, the interest rates charged to consumers must be solely based on the consumer's creditworthiness and risk, preventing dealers from adding arbitrary charges. The bill defines key terms like "manufacturer's suggested retail price," "markup," and "new motor vehicle" to clarify these provisions.

Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1666&year=2026