The NJ CAR Executive Committee, Trustees and Staff would like to take this opportunity to extend our warmest greetings to all members. Retail automotive sales have been cruising along at more than 17 million vehicles for several years and 2017 sales are expected to stay above that magical number as well. Pent-up demand by consumers looking to replace aging vehicles is decreasing, but still remains a factor in driving sales. A continuing surge of vehicles coming off lease and increased manufacturer incentives are also expected to keep sales from dropping too much.
At the State House in Trenton, NJ CAR will continue pushing for a vote on a bill to amend the Franchise Practices Act that will both strengthen the law for consumers AND dealers. We will also continue educating our elected officials about the many benefits of the franchise system.
We look forward to a productive and prosperous year ahead.