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
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
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