True or False: A dealer may operate without maintaining any records.

Maintaining records is a fundamental requirement for licensed automotive dealers. This obligation helps ensure transparency, accountability, and adherence to regulatory standards. Records provide essential documentation of transactions, vehicle ownership, and compliance with laws, which is critical for consumer protection and maintaining trust in the automotive marketplace.

Operating without records could lead to numerous issues, including legal complications, inability to verify vehicle histories, and challenges in addressing consumer complaints. This is why the correct assertion is that a dealer cannot operate without maintaining any records; it is an essential part of ethical and lawful business practices in the automotive industry.