Pub. 23 2024 Issue 2

DEALERSHIPS ARE IMPORTANT
New Jersey’s 500+ dealerships are critical to hundreds of municipalities in ALL 20 counties and ALL 40 legislative districts. They represent a $43 billion industry, directly employing 37,500 individuals and supporting another 35,250 jobs while contributing millions of dollars to hundreds of charities.

NJ CAR appreciates the support of the 300+ dealers who contributed to CAR-PAC, the Coalition’s political action committee, between January 1, 2024, and March 31, 2024. 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 retail automotive industry in New Jersey and ensure the dealers’ voices are heard in Trenton on a wide variety of important public policy issues. CAR-PAC has been (and will continue to be) very active in supporting the candidates who support our industry.

New Jersey’s franchised dealers are the engine driving the state’s economy, as you can see by the following data.

A review of the work and contributions of dealers and dealerships who are helping their communities and going above and beyond to be the best they can be.

NADA PAC helps to elect qualified individuals to Congress who understand the needs of new car and truck dealers. NADA PAC is consistently credited as being one of the nation’s top trade association political action committees in terms of both total fundraising and contributions to federal candidates. NADA PAC supports candidates for Congress on a bipartisan basis from the recommendations of the NADA PAC dealer leadership for each state.

After a brief reprieve due to the pandemic, state and local tax audits are back in full force, with automotive dealerships being a top target. While nobody enjoys getting the dreaded letter from a state revenue department, there are things dealerships can do to prepare and bolster their documentation, tax reporting, and remittance procedures for state tax auditors should they come knocking. The following are four key audit areas automotive dealership leaders should focus on to improve their tax and financial documentation.

According to a 2023 Pew Research Center study, approximately 68% of adults reported using at least one social media platform. That means dealers can reach as many as 6.3 million of New Jersey’s 9.2 million residents with a well-developed social media marketing strategy.

In the bustling world of automotive retail, every detail counts. From the sleek lines of a showroom to the fine print on paperwork, the success of a dealership hinges on its ability to seamlessly integrate various elements.