DMV has recently taken a fresh look at the inspection law and how it applies to wholesale transactions. This is their current interpretation:
If a dealer buys a car from another licensed NC dealer, and that dealer has had the vehicle inspected within the past 12 months, the dealer buying it does not have to have it inspected. He or she should get a copy of the inspection receipt from the selling dealer. When that inspection is 12 months old, the buying dealer will have to have it inspected.
If the selling dealer had the vehicle inspected in a safety only county and the buying dealer is in an emissions county, the buying dealer will have to have the vehicle inspected again.