New Mexico Warranty Reimbursement State Law

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Receive Retail Reimbursement for your Warranty in New Mexico

New Mexico – NM Stat § 57-16-7

State Law Allows Labor Increase

Yes

State Law Allows Parts Increase

Yes

State Submission Requirements

  • Oldest RO in Days: 180
  • Number of Qualifying RO’s (a): 100
  • Or 90 Days of consecutive RO’s (b)
  • OEM Response – Days: 30
  • Increases Begins After OEM Receives submission unless disputing results – Days: 30

State Inclusion/Exclusions

  • The rates charged by the dealer for nonwarranty service or work for parts means the price paid by the dealer for those parts, including all shipping and other charges, increased by the franchisee’s average percentage markup.
  • Manufacturer shall compensate a dealer for labor and diagnostic work at the rates charged by the dealer to its retail customers for such work.
  • OEM may demonstrate the rates unreasonably exceed those of all other motor vehicle dealers in the same relevant market area.

Notes: If the State Statute does not specifically list the item as excluded, the OEM will use their own definition on what to exclude from the submission. Dealer may apply for parts and/or labor increase twice per calendar year.