Pub. 22 2023 Issue 4

New Jersey’s 500+ dealerships are critical to hundreds of municipalities in ALL 20 counties and ALL 40 legislative districts. They represent a $41 billion industry, directly employing 36,500 individuals and supporting another 34,000 jobs while contributing millions of dollars to hundreds of charities.

NADA PAC helps to elect to Congress qualified individuals who understand the needs of new car and truck dealers.

NJ CAR appreciates the support of the 331 dealers who contributed to CAR-PAC, the Coalition’s political action committee, between January 1, 2023, and September 30, 2023. CAR PAC needs the contributions of ALL dealers to ensure it has the necessary financial resources to support candidates (on both sides of the aisle) who support the franchised

On July 12, 2023, the New Jersey Board of Public Utilities (NJBPU) announced the fourth phase of the state’s Charge Up New Jersey Electric Vehicle (EV) Incentive Program.

New Jersey law requires motor vehicle dealers to warrant that every used vehicle they sell will pass state inspection to receive a certificate of approval (inspection sticker).

On August 30, the IRS formally announced that all Form 8300s must be eFiled (with limited exceptions) as of January 1, 2024.

New Jersey dealerships know the importance of an injury-free workforce and do a lot to ensure employee safety.

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 is being recognized for his exceptional industry accomplishments, as well as his commitment to community service. He will be 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.

The following is the latest information on some of the major issues being addressed by NADA and was discussed at the most recent NADA Board Meeting.

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.