NJ CAR

Latest News Stories

Oct 31, 2023
The Federal Trade Commission (FTC) has announced a final rule amending the FTC Safeguards Rule that will require non-banking institutions, such as dealers, to report certain data breaches and other security events to the FTC. The final rule requires financial...
Oct 23, 2023
The deadline for implementing the new Non-Secure POA (NSPOA) (if you choose to implement it), the Secure POA (SPOA)(mandatory), new Odometer Disclosure Statement (OS/SS-2) and new rules for Dealer POA (mandatory) is October 30, 2023. There will be no further extensions. NJ CAR has consistently advised dealers that, when selling a...
Oct 20, 2023
NJ CAR hosted a webinar to review the federal cash reporting requirements and the recent update on the filing of IRS Form 8300. The webinar was conducted by Lou Young and Philip Craft of Withum and covered the compliance checklist including: Confirming employee responsibilities under the federal form 8300 regulations ...
Oct 19, 2023
NJ CAR hosted a webinar update focused on the NJMVC's new Secure Power of Attorney (SPOA).  These new forms are currently in effect, but dealers have a transition period until October 30, 2023 to implement them. The webinar focused on understanding and correctly completing the SPOA. All of the...
Oct 18, 2023
NJ CAR and the Center for Sustainable Energy (CSE) hosted a webinar this morning to cover a variety of issues related to the Charge Up New Jersey Electric Vehicle incentive program. Topics covered include: Frequently asked questions Common reasons for application rejections and how dealers can ensure they are accepted...
Oct 13, 2023
Health benefits are among the biggest expenses for franchised automotive retailers. NJ CAR and its partners (Corporate Synergies Group, HUB International, and WithumSmith+Brown) have put together a simple Health Benefits survey to provide dealers with an excellent resource. We need as many dealers to participate as possible. Please have your...
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