The automotive industry has been abuzz with talk of the auto loan interest deduction included in the One Big Beautiful Bill — the sweeping federal tax and spending plan that was signed into law on July 4 by President Trump. ...more
7/23/2025
/ Automotive Industry ,
Automotive Loans ,
Borrowers ,
Consumer Financial Products ,
Dealers ,
Executive Orders ,
Interest Rates ,
Loans ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Deductions ,
Tax Planning ,
Tax Reform ,
Trump Administration
Selling an auto dealership in New Jersey just got more expensive — and more complicated.
As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more
7/10/2025
/ Car Dealerships ,
Closing Costs ,
Commercial Real Estate Market ,
New Jersey ,
New Legislation ,
Property Tax ,
Purchase Agreement ,
Real Estate Market ,
Real Estate Transactions ,
Sellers ,
State Taxes ,
Tax Liability ,
Tax Rates ,
Tax Reform
The Trump administration has announced a 25% tariff on imported passenger vehicles and auto parts — on top of existing duties — potentially reshaping pricing, sourcing and production strategies across the auto industry. The...more
Auto dealers nationwide received good news Monday when the Fifth Circuit Court of Appeals struck down the CARS Rule, a set of regulations passed by the Federal Trade Commission (FTC) that would have imposed cumbersome...more
1/29/2025
/ Administrative Procedure Act ,
Appeals ,
CARS Rule ,
Competition ,
Consumer Protection Laws ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Final Rules ,
Regulatory Requirements ,
Rulemaking Process ,
Unfair or Deceptive Trade Practices
U.S. auto dealers have until Jan. 9, 2025 to submit a claim in the recent $129.5 million class action lawsuit settled by CDK Global, LLC (CDK) and The Reynolds and Reynolds Company (Reynolds). The deadline to object to the...more
Scout Motors, an electric vehicle subsidiary of Volkswagen, plans to sell its recently unveiled first two models directly to consumers, much to the dismay of the National Automobile Dealers Association (NADA) and automotive...more
Pennsylvania Auto Dealerships will need to follow several new regulations starting August 19, 2024. The regulations, developed by the Office of the Attorney General (OAG), require dealerships to disclose the following six...more
CDK Global, a key provider of cloud-based software for auto dealerships, suffered a severe ransomware attack this week, disrupting operations for thousands of dealerships across North America. The attack has crippled vital...more
Franchise laws, indeed, the entire automotive industry, are focused primarily on the passenger motor vehicle market – and nowhere is this more obvious than in the area of encroachment protection. The commercial truck...more
The term “Highest and Best” deal has been well-known in the bankruptcy field for many years. In a bankruptcy auction of a business or real property, the judges, trustees and creditors recognize that the better deal is not...more