OFFICIAL PUBLICATION OF THE NEW JERSEY COALITION OF AUTOMOTIVE RETAILERS

March 11, 2024

Plug-In Vehicles Have a Role to Play in a 100% EV Future

Consumer interest in EVs is real, strong, and growing. According to Escalent research, the proportion of “EV intenders” — new-car buyers that have a high propensity to shop for an EV — has climbed from 16% in 2020 to 25% in 2023, but the increasing interest in EVs is not translating into more purchases.

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NJ CAR Preparing Legislation to Strengthen Dealer Franchise Protections and Boost Recall Completion Rates

New Jersey already has one of the nation’s strongest Franchise Practices laws. That doesn’t mean there aren’t improvements that can be made to ensure New Jersey’s franchised new car and truck dealerships are protected from any potential manufacturer overreach.

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State and Federal Incentives Make Many EVs More Affordable

NJ CAR has been educating dealers for months about the proposed federal and state electric vehicle mandates aimed at dramatically increasing the number of EVs on the road. Dealers are “all-in” on EVs, but the Coalition has cautioned Governor Murphy and the New Jersey Department of Environmental Protection (NJDEP) to take a more realistic approach to achieving a 100% EV future.

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Ray Catena Named New Jersey’s 2024 TIME Dealer of the Year Award Winner

Nationally Recognized for Community Service and Industry Accomplishments

Ray Catena, President of Ray Catena Motor Car Corporation, was recently selected as New Jersey’s 2024 TIME Dealer of the Year (TDOY) award winner. Ray was recognized for his exceptional industry accomplishments, as well as his commitment to community service. He was honored at the 107th annual National Automobile Dealers Association (NADA) Show in Las Vegas, Nevada, on February 3, 2024. The TIME Dealer of the Year award is one of the automobile industry’s most prestigious and highly coveted honors. Ray was one of 49 auto dealers nominated for the 55th annual award from more than 16,000 nationwide.

Ray Catena Named New Jersey’s 2024 TIME Dealer of the Year Award Winner

Nationally Recognized for Community Service and Industry Accomplishments

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Support New Jersey Consumers and Help NJ CAR Fight the Adoption of ACCII

My tenure as NJ CAR Chairman ran through the end of 2023. Time really does fly when you’re having fun … if you call “dealing with all of the legal, legislative and public affairs challenges the car business faced this past year” fun. We can all agree that 2023 was a great year in the car business for dealers and manufacturers, but we can also see the challenges that lie ahead.

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New NJMVC Power of Attorney and the Impact on Dealerships

Effective October 30, 2023 (extended from September 15, 2023), dealerships must conform to New Powers of Attorney (POAs), Odometer Disclosure Statement, and new rules for General and Limited POAs announced by the New Jersey Motor Vehicle Commission (NJMVC). NJ CAR has hosted several webinars and produced both a comprehensive FAQ document and a Quick Reference Guide. All of these materials are accessible under the News section of the NJ CAR website (www.njcar.org).

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The Franchise System Benefits Consumers — The Direct Sales Model Does Not

The Direct Sales model is WRONG FOR CONSUMERS. New Jersey has been at the forefront of this fight for several years, but direct sales fights continue to rage all over the country, as you will see in our featured story from this issue of New Jersey Auto Retailer. Initially, it was just Tesla, but now Rivian, Lucid and other startups are taking up the mantle and trying to gain special consideration from Legislatures coast to coast. Even some legacy automakers are toying with the idea of breaking off their EV product into standalone companies.

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