Latest News Stories

The strength of the U.S. economy, gasoline prices, jobs growth, interest rates, and consumer confidence have long been some of the primary factors that determined whether vehicle sales were up or down in a particular year. Starting in 2018 (and beyond), auto sales will also depend on new...

Democrat Phil Murphy became the 56th Governor of New Jersey when he was officially inaugurated on January 16, 2018. During his Inaugural Address the new Governor spoke about creating better jobs, providing higher wages, and creating an atmosphere where businesses can grow. While light on specific solutions, Governor...

AChinese auto manufacturer, Guangzhou Automobile Company (GAC), is hoping to begin selling its midsize SUV in the United States by late 2019. They are confident enough in their timeline that they will be at the National Automobile Dealers Association’s (NADA) Convention in March to, presumably, begin recruiting dealers.If...

Dealerships that complete the National Automobile Dealers Association (NADA) 2018 Dealership Workforce Study survey and submit their payroll records by April 30, 2018, will receive two complimentary reports and a year’s subscription to the Dealership Workforce Study Database and Search Tool.The two complimentary reports are:•Automotive Retail: National &...

Governor-elect Phil Murphy announced that Assemblywoman Marlene Caride (D-36), elected to her fourth term in the Assembly last month, will head the New Jersey Department of Banking and Insurance (DOBI). Assemblywoman Caride, who was on the Governor-elect’s short list for Lieutenant Governor, served as a member of the...

Impact On Auto Loans Is Minor But Credit Scores Critical To Getting The Best RateThe Federal Reserve recently announced it was raising its key interest rate by 25-basis-points for the third time this year and reiterated its forecast for three additional rate hikes in 2018. Certain consumer...