1. (a) A wholesale dealer who is licensed by the Division is authorized to do the following:

   1. (1) Buy a vehicle from another dealer, a licensed auto auction or retail seller;
   2. (2) Sell a vehicle to, or exchange vehicles only with another dealer or through a licensed auto auction;
   3. (3) A wholesale dealer may operate from a private residence and is not required to comply with § 6303(a)(2) and (5) of this title.

2. (b) A wholesale dealer may not:

   1. (1) Sell or exchange vehicles with a retail buyer; and
   2. (2) Buy, sell or exchange new vehicles; and
   3. (3) Sell vehicles on consignment.

71 Del. Laws, c. 449, § 1