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Posts by Nicholas

Feb 19, 2024
The results of today's Rutgers- Eagleton Institute survey of consumer attitudes about electric vehicles (EVs) reflects what dealers have been telling the Murphy Administration for months: public policy is not in line with consumer sentiment. According to the poll of 1,657 adults, 56% of consumers said they are unlikely to...
Jan 25, 2024
NJ CAR wants to remind ALL dealerships that their 2023 EV Tax Credit Seller's Reports are due by January 31, 2024. If you have any questions, we encourage you to review the information contained on the IRS website by clicking on the following link: https://www.irs.gov/credits-deductions/clean-vehicle-credit-seller-or-dealer-requirements Below are some of...
Jan 19, 2024
In response to the petition for judicial review sought by NADA and the Texas Automobile Dealers Association (TADA), the Federal Trade Commission (FTC) has issued an Order postponing the effective date of the Vehicle Shopping Rule pending judicial review of the petition. The FTC’s order notes that “it...
Jan 12, 2024
This afternoon, the IRS provided updated guidance to address privacy and data security concerns associated with the submission of 2023 clean vehicle sales reports, which NADA flagged for members earlier this week. Given this new guidance, NADA recommends that dealers resume submitting 2023 clean vehicle sales reports. As explained...
Jan 11, 2024
Dealers are required to collect an administrative fee of $0.50 from each consumer who purchases a used motor vehicle in the State of New Jersey. Dealers are required to mail to the Used Car Lemon Law Unit, the following: A check or money order made payable to the "New Jersey...
Jan 08, 2024
The IRS has extended the deadline to report the sale of EVs for 2023 to January 31, 2024.  Dealers may submit their reports in excel format (preferred), individual Form 15400 or equivalent forms. Dealers must submit the information detailed below. For vehicles placed in service in 2023, you needed to provide the...
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