Latest News Stories

Gov. Phil Murphy today praised the $3 trillion coronavirus relief package passed by the House late Friday, and made another plea for Congress to assist cash-strapped states and local governments. New Jersey, alone, could be facing as much as a $10 billion budget shortfall through the end of the...

The Small Business Administration (SBA) and the Treasury Department, on Friday, issued a Paycheck Protection Program (PPP) Loan Forgiveness Application, along with detailed instructions and worksheets. Dealership PPP borrowers will use the application to apply to their lender for forgiveness of costs properly incurred and payments properly made in...

Governor Phil Murphy today unveiled a multi-stage approach to execute a responsible and strategic economic restart, but failed to give any specific dates about when auto dealership showrooms would be permitted to reopen for by appointment only sales. The Governor’s detailed multi-stage blueprint, calls for a bit-by-bit reopening of businesses...

Yesterday (May 13, 2020), the Small Business Administration (SBA) and Treasury issued new guidance (See FAQ #46) which clarifies issues regarding the Paycheck Protection Program's (PPP) borrower certifications that NJ CAR highlighted in a recent update. NADA has provided an...

Today, May 13, 2020, Governor Murphy signed Executive Order 142, which permits the resumption of non-essential construction, curbside pickup at non-essential retail businesses, and car gatherings for the purpose of drive-through and drive-in events. However, this Order does not provide dealers with any substantive relief...

Recently, there has been public outrage over large, well-funded companies receiving Payroll Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Accordingly, on or about April 23, 2020, the Small Business Administration (SBA) released guidance that stated that although the CARES Act suspends...