Posts by Nicholas

As we enter Week 2 of the Coronavirus shutdown, NJ CAR wanted to provide its members with a few brief updates and reminders. Governor Murphy Executive Order Update Governor Murphy’s Executive Order 107 prohibits...

Last night, the Senate approved, 96-0, a nearly $2 trillion emergency stimulus package (the Coronavirus Aid, Relief, and Economic Security Act or CARES Act) to bolster the economy that has been ravaged by the ongoing Coronavirus pandemic. The bill, the largest aid package in U.S. history, includes direct checks...

$2 Trillon Coronavirus Stimulus Still Being Debated As of this writing, the Senate is debating a historic, $2 trillion stimulus package to address the havoc the COVID-19 pandemic is having on millions of individuals, businesses and the overall U.S. economy. Details of what will be included in the...

New Jersey’s neighborhood new car dealers help hundreds of thousands of customers arrange financing for a new or used vehicle every year. With the economy screeching to a halt, as businesses are either completely or partially shut down and thousands of individuals are laid off, many people are scared...

Last weekend, the Coalition was forced to temporarily suspend NJ CAR motor vehicle processing and, on Monday the 23rd and Tuesday the 24th, the courier was instructed to drop off completed dealer work, but did not pick up any new work. That decision was made because: a.) the Governor’s Executive...

The U.S. Small Business Administration has put together a COVID-19 Small Business Guidance & Loan Resources web page to help small businesses, included dealerships, navigate the unprecedented challenges they face due to their physical sales operations being shut down in an effort to slow...