Latest News Stories

During its meeting on November 18, 2015, the NJ CAR Board of Trustees recognized Outgoing Chairman John Manganelli. John was presented with a plaque by Chairman Larry Kull (Burns-Kull Automotive Group) and NJ CAR President Jim Appleton. Other Senior Officers for the 2015-2016 association year include: Vice Chairman...

The U.S. House of Representatives passed a bill on November 18, 2015 that would revoke the U.S. Consumer Financial Protection Bureau’s (CFPB) 2013 auto lending guidance. The legislation (H.R. 1737- the Reforming CFPB Indirect Auto Financing Guidance Act), passed by a 332-96 vote.The CFPB’s 2013 guidance suggests lenders...

December 9, 2015 NJ CAR will be conducting a half-day Seminar for Service Managers and Service Advisors December 9, 2015, at the DoubleTree By Hilton (700 Hope Road, Eatontown, NJ 07724). Ken Carlson of ManageRite will provide all registrants with proven tips on selling more service.TURNING THE...

After receiving overwhelming demand and selling out its November 18-20, 2015, Motor Vehicle Title Clerk Certification Program, NJ CAR has scheduled one final 2015 session of its very popular training. The course will be held December 7-9, 2015, in Edison. Individuals who successfully complete this Program will have...

The 2016 National Automobile Dealers Association (NADA) Convention & Expo will be held March 31 through April 3, 2016, in Las Vegas, Nevada. Advanced registration is open until November 27, 2015. Registration fees for NADA member dealers and managers are $225 per person; spouses or relatives are $180...

According to TransUnion, consumers now owe $1 trillion on their car loans, the first time the threshold has ever been broken. The loan balances have been driven up by a combination of three factors—strong car sales, rising car prices and low (and competitive) interest rates. In fact, borrowers...