Category

Coronavirus Updates

May 13, 2020
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...
May 12, 2020
NJ CAR recently host a webinar covering COVID-19-related business interruption losses. Topics covered included: standard coverage types, different forms of business interruption insurance, relevant exclusions, the importance of reviewing your coverage and submitting claims, documentation needed to support a claim, State and Federal legislation that may impact the industry,...
May 11, 2020
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...
May 07, 2020
Genova Burns Releases Guide To Developing A “Return To Work” Plan Now is the time for employers to formulate action plans for returning employees to the workplace. Genova Burns has developed a very informative list of Frequently Asked Questions to help guide dealers through the development of a return...
May 04, 2020
Last night, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released further guidance concerning the implementation of the Paycheck Protection Program (PPP) in the form of new “frequently asked questions”. Specifically, new question and answer #40 provides, as follows: Question: Will a borrower’s PPP loan...
Apr 30, 2020
With "social distancing" creating a new normal for everyone and in-person sales stymied by widespread retail closures, online sales and "contactless" deliveries are the only outlet to sell and lease vehicles at this time. And online sales aren't likely to go away when the current pandemic crisis is...
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