NJ CAR

Latest News Stories

Dec 27, 2023
The U.S. Department of Energy and the Environmental Protection Agency (EPA) has just released the 2024 Fuel Economy Guide, which provides detailed fuel economy estimates for model-year 2024 light-duty vehicles, along with estimated annual fuel costs and other information for prospective purchasers. By law,...
Dec 26, 2023
The IRS has issued a new User Guide with step-by-step instructions explaining how dealers who are registered to use the Energy Credits Online (ECO) portal may create time of sale reports for clean vehicle sales. The IRS also issued updated 
Dec 21, 2023
Following significant advocacy by NADA, on December 20th, the U.S. Department of the Treasury renewed the “safe harbor” for Section 45W clean vehicle tax credits for commercial vehicle sales in 2024. What does this mean:...
Dec 14, 2023
In June of 2022, the FTC proposed a massive new rule that would dramatically impact the automotive sales process by requiring new disclosures and paperwork to combat activity that is already illegal. This week the FTC issued the Final Rule dubbed the Combating Auto Retail Scams (CARS) Rule, the Final...
Dec 11, 2023
In an effort to improve accountability and provide senior management with better awareness of the organization's security programs, the Gramm Leach Bliley Act's (GLBA) Safeguards Rule requires that financial institutions develop and distribute an end-of-the-year annual report to their board of directors or governing bodies. This report provides the reader...
Dec 07, 2023
NJ CAR continues to field numerous emails and phones calls on the implementation of the new POAs. It will likely take some time for dealers to get to the point where mistakes and rejections are few and far between. We will work together to make sure that the implementation process is...
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