NJ CAR NEWS
New NJ CAR Officers Elected At Organizational Meeting (06/14/2016)
T he NJ CAR Board of Trustees held its organizational meeting on Wednesday, May 18, 2016, and acted on a slate of officers submitted by the Nominating Committe ... more 
NJ CAR Releases Auto Retail Economic Impact Document (06/14/2016)
New Jersey’s retail automotive industry represents a major economic force in the State’s overall economy, generating tens of thousands of jobs and billions of dollars in employment earnings, ... more 
FREE WEBINAR: Document Scanning Saves Time AND Money- June 22, 2016 (06/14/2016)
Document scanning can save a dealership time, space and money. Proper storage of information can also help ensure dealers are compliant with all of their State and federal record-keeping res ... more 
Report Says Millennials Are Buying More Vehicles (06/14/2016)
A new study finds millennials are slowly purchasing more vehicles, even as ride and car sharing services become more popular. According to LendingTree, drivers between 18 and 34-years account ... more 
U.S. Auto Sales Show Signs Of Plateauing (06/14/2016)
Sales of cars, light trucks and SUVs fell 6% last month, to 1.54 million, according to AutoData Corp. This represented the biggest monthly drop in nearly six years. The decline was unusual f ... more 
Follow NJ CAR On Facebook, Twitter And LinkedIn (06/10/2016)
For those who are active in social media, NJ CAR will be increasing its use of social media in order to provide members, colleagues and other contacts with more ways to receive information and com ... more 
Utilize ALL NJ CAR Tools To Stay Informed (06/10/2016)
One of NJ CAR’s primary missions is to provide dealers (and their employees) with information that could impact the franchised, automotive retail industry in New Jersey. The Coalition also strive ... more 
   
  Automotive News
Penske Automotive, Group 1 shares plunge after Brexit vote
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.... more 
FCA dealers get software to prevent rollaways of recalled Jeep Grand Cherokees
Fiat Chrysler sent dealers new software allowing them to install a software-based 'Auto Park' feature in 2014-15 Jeep Grand Cherokees intended to prevent the vehicles from moving when the driver's side door is open and the shifter is not...... more 
Mercedes cleared to sell 2017 E class in U.S.
The redesigned 2017 E-class sedan is on its way to U.S. dealerships after Mercedes-Benz received its final necessary certification approvals earlier this week.... more 
Credit mix in auto lending remains stable, Equifax says
What's the main trend in auto finance over the past four years? Stability, Equifax says. Over the past four years, the credit mix among new-vehicle loans has remained steady, providing stability to the market.... more 
CarMax Auto Finance income takes a tumble
Income at CarMax's captive tumbles in the same three month period that the used car retailer's floor traffic declines and sales to customers with low credit scores dip.... more 
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