Modifies dealer compensation by franchisors under the Motor Vehicle Franchise Practices Act

SB 502 modifies how franchisors (like car manufacturers) pay compensation to auto dealers under the Motor Vehicle Franchise Practices Act. It directly affects auto dealers and franchisors by changing the structure or calculation of dealer compensation. The bill’s abstract does not specify the exact changes to compensation mechanisms, only that it amends the existing law. The bill is currently before the Senate General Laws Committee after a hearing in April 2025. No further details about specific provisions or impacts are provided in the available context.