Pub. 16 2017-2018 Issue 2

N E W J E R S E Y C O A L I T I O N O F A U T O M O T I V E R E T A I L E R S 9 new jersey auto retailer W W W . N J C A R . O R G V O Y N OW B A Y A R D W H Y T E A N D C OM PA N Y , L L P C E R T I F I E D P U B L I C A C C O U N T A N T S V O Y N OW B A Y A R D W H Y T E A N D C OM PA N Y , L L P C E R T I F I E D P U B L I C A C C O U N T A N T S The Northbrook Corporate Center • 1210 Northbrook Dr., Suite 140, Trevose PA 19053 Contact Hugh Whyte, Randall E. Franzen or Kenneth Mann: Financial Reporting & Projections/Forecasts Lifo Inventory Applications n Tax & Estate Planning Cash Management & Budgeting n Performance Evaluation Cost Analysis n Buy/Sell Agreements & Succession Planning Mergers & Acquisition s n Internal Control Design 215-355-8000 n voynowbayard.com Accountants & Management Advisors to the Auto Industry since 1954 “Our goal will always be to protect our industry and advocate for the hard- working men and women in dealerships throughout the country. There are many more issues important to the auto retailing industry looming in Washington—tax reform, auto financing, and Federal Trade Commission (FTC) regulations, just to name a few. We must make sure that Congress understands how critical our industry is to the country’s economic health before they enact ANY legislation that would impact our industry. For more than a century, consumers have relied on the fran- chised system to provide them with the most effective and cost-efficient means of buying a car or truck. We have an important message to deliver to our elected officials: • We directly employ nearly 38,000 people in New Jersey ( and approximately 1 million across the country ) in well-paying jobs that can’t be shipped overseas; • We contribute billions of dollars in revenue to the national, State and local economies; • We reduce consumer costs on both vehicle purchases and service by providing a vast and diverse network of choices for consumers; • We provide ready access to warranty and recall repairs; • We deliver in-person customer service that people can’t get through a computer screen; and • We incur billions of dollars in expenses for equipment and facilities. This is a great story to tell and it is one we must tell in one LOUD, clear voice. NADA held its annual Washington Conference earlier this month, where members of the NJ CARNextGen Committee joined fellow dealer executives from across the country. Our goal will always be to protect our industry and advocate for the hard-working men and women in dealerships throughout the country.