Pub. 19 2020-2021 Issue 1

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 S P E C I A L E D I T I O N , 2 0 2 0 10 new jersey auto retailer NADA Director’s MESSAGE | BY RICHARD A. DESILVA, SR. NADA Coronavirus Hub The National Automobile Dealership Association ( NADA ) created a website in the early days of the COVID-19 pandemic to put all relevant stories in one easy-to-navigate location. The NADA Coronavirus Hub ( https://www.nada.org/ coronavirus/ ) webpage is broken up into 5 categories ( Govern- ment Advocacy, Regulatory Compliance, Business Operations, Lifeline Webinars and NADA Coronavirus News ). I encourage all dealers to explore the NADA Coronavirus Hub to see what NADA has been doing to assist dealers during these unprecedented times. Below are just a few examples of the hundreds of posts made to this invaluable resource over the past 3+ months: GOVERNMENT ADVOCACY • EEOC Reminds Employers to Uphold Laws • Trump Signs Law Extending PPP Rules • Senate Approves PPP Flexibility Act • House Passes PPP Flexibility Bill • NADA Joins Coalition Advocating Liability Protection • Fed Adopts NADA-Recommended Change to Main Street Lending Program REGULATORY COMPLIANCE • CARES Act Information a) Paycheck Protection Program b) Other Lending Programs c) Tax Relief • Families First Coronavirus Response Act (FFCRA) a) Expanded Leave b) Tax Credits • Essential Business Guidance • Assistance for Workers • Compliance Guides • NADA Updates Its Analysis of PPP Loan Use & Forgiveness • Deadline for Economic Injury Loans Is Dec. 31 • Deadline to Apply for a PPP Loan Is June 30 • SBA Issues New PPP Interim Final Rule BUSINESS OPERATIONS Services and solutions to improve business operations: • NADA Chairman Talks Post-Pandemic • NADA Issues New Guide on Reopening • NADA Urges Review of Health & Safety FAQs • PPP Loans Keep Employees on the Payroll • NADA Quick Links Are Always Available LIFELINE WEBINARS Links to nearly 50 webinars covering a wide range of general and specific topics, including: • The Road to Recovery — What to Expect • The Modern Day F&I Office • Build a Post-Pandemic Dealership • ATD: Passing the COVID-19 Stress Test • Best Ideas from NADA 20 Groups, Pt. 7 NADA Coronavirus News • The Fleet Versus Retail Disconnect in May’s Sales Numbers • Suspending the Federal Excise Tax Can’t Wait • ATD Calls on Trucking Community to Support “Suspend the FET” Week • NADA Chairman Rhett Ricart: Our Manufacturers Need Us More Than Ever