Which of the following must a dealer license specify?

A dealer license is a legal requirement that identifies the specific parameters under which a dealership operates. It is crucial for the license to specify the type of vehicles sold because this directly relates to the business's operational focus and regulatory compliance. Different categories of vehicles, such as new or used cars, motorcycles, or heavy trucks, may have distinct licensing requirements and regulations. Therefore, defining the type of vehicles helps ensure that the dealership follows industry standards and statutory guidelines.

Designating the type of vehicles sold also enables clear communication to consumers about what they can expect when visiting the dealership. This specification allows both the dealer and regulatory authorities to monitor and enforce compliance more effectively.

Conversely, while the number of staff employed, annual sales projections, and the location of the dealership might be relevant operational details for a dealer, they are not typically mandated to be stated on a dealer license. This differentiates the crucial and legally required information from other operational aspects that may be relevant to the business but do not need to be included in the license itself.