Pub. 18 2019-2020 Issue 3

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 I S S U E N O . 1 , 2 0 2 0 10 new jersey auto retailer NADA Director’s MESSAGE | BY RICHARD A. DESILVA, SR. This was not the column I was expecting to submit for this issue of New Jersey Auto Retailer, but the incredibly unusual circumstances we find ourselves in have led to a change in plans. The COVID-19 pandemic has turned our personal and professional worlds upside down. In a matter of weeks, we went from having a pretty good sales month through March 15th — and then all hell broke loose. Abrupt shutdowns of all nonessential business, stay-at-home orders in state after state, anxiety, confusion and questions about the health of our family and friends, layoffs, government stimulus requirements and so much more. NJ CAR has been supporting ( and will continue to support ) all New Jersey dealers and they are going a great job. Please be sure to read both Rob and Jim’s columns to learn more about NJ CAR’s efforts on our behalf. NADA has also been incredibly active in its support of dealers during the ongo- ing COVID-19 pandemic. They have been advocating for dealers and also helping them navigate the financial assistance opportunities available, including those in the Coronavirus Aid, Relief and Economic Security ( CARES ) Act. NADA has also launched a Coronavirus Hub, a special webpage ( https://www. nada.org/coronavirus ) designed to keep dealers current on coronavirus devel- opments, including health and safety; government advocacy; regulatory and compliance issues; industry and business operations; workplace concerns; media updates; and more. What Is NADA Doing To Help Dealers Navigate The COVID-19 Crisis? GOVERNMENT ADVOCACY Under this section, you’ll find information on the Coronavirus Aid, Relief and Economic Se- curity ( CARES ) Act, the Paycheck Protection Program, Employee Retention Credits avail- able to dealers, The Families First Coronavirus Response Act ( FFCRA ), provision to help pro- vide liquidity for dealerships, NADA lobbying efforts and more. REGULATORY COMPLIANCE This section of the website offers Small Business Administration ( SBA ) guidance on a variety of issues, including information on ap- plying for SBA business loans. Users can also find guidance on the Emergency Employee Leave mandate and the Temporary Paid Sick and FMLA leave expanded benefits, as well as Department of Labor guidance, comprehen- sive FAQs on various issues, and more. BUSINESS OPERATIONS Dealers can find a lot of useful information under this section, including links to NADA webinars on Managing Cash Flow, Federal Tax Implications of the Pandemic, Making Sense of the NEW SBA Paycheck Protection Program and more. There are also links to a whole slew of NADA blog posts on a wide variety of topics, as well as links to FFCRA guidance and more. LIFELINE WEBINARS This section contains links to archived and upcoming webinars on a wide variety of timely and useful topics to help dealers navigate through this pandemic and back to some semblance of normal operations in the not too distant future. The industry has dealt with existential crises in the past and survived and it will be no different this time. NADA is here to support us through these challenges. Make sure to bookmark the Coronavirus HUB to stay in- formed of any new information impacting our industry as it becomes available.