(a) A wholesale dealer who is licensed by the Division is authorized to do the following:
(1) Buy a vehicle from another dealer, a licensed auto auction or retail seller;
(2) Sell a vehicle to, or exchange vehicles only with another dealer or through a licensed auto auction;
(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.
(b) A wholesale dealer may not:
(1) Sell or exchange vehicles with a retail buyer; and
(2) Buy, sell or exchange new vehicles; and
(3) Sell vehicles on consignment.