GNYADA February 2020 Newsletter

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For Dealer Principals / General Managers / Sales Managers The Newsletter A Publication of Greater New York Automobile Dealers Association

FEBRUARY 2020 Volume 30, Issue 1

1 DMV Commissioner Addresses Action on Brokering

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GNYADA’s research has shown that few brokers have proven to the State that they have this financial security in place. GNYADA’s research has found that, in addition to brokers failing to secure bonds, a low percentage have registered to do business with DMV. The Association has also reviewed brokers’ compliance with the NYS Attorney General’s Advertising Guidelines, which shows that virtually every broker’s advertising is violating those guidelines. GNYADA commends Commissioner Schroeder’s quick response to address these problems after he became aware of the Association’s findings.

At a recent meeting, DMV Commissioner Mark Schroeder notified GNYADA and NYSADA representatives that, effective immediately, the DMV will require bro- kers to prove that they have purchased a $100,000 surety bond when they register. Presently, less than 10% of brokers in the State have secured bonds. GNYADA has been tracking brokers’ compliance with numerous State laws. These laws were enacted over the past several years thanks to the Association’s efforts in Albany. For example, under a state law GNYADA worked to enact, brokers have been required to purchase a surety bond. But

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The Newsletter is published by GNYADA, a not-for-profit organization representing franchised automobile dealers in the New York metro area. 18-10 Whitestone Expressway Whitestone, New York 11357 HIGHLIGHTS GNYADA Asks AG for Clarity on Credit Card Surcharges page 2 NY Franchise Bill Protects Downstate Dealer page 3 Dealer Group Sued for Military Lending Act Violations page 4

2 Association President Appointed to EV Task Force

GNYADA President Mark Schienberg has been appointed to Governor Cuomo’s Electric Vehicles Task Force. The task force is comprised of other groups, including deal-

and consumer charging stations while ensuring New York’s franchise dealers are considered in any steps taken by the task force. Mr. Schienberg is very appreciative of the opportunity to help create opportu- nities to grow electric vehicle sales in New York State. The entire task force has been invited to hold its next meeting at the Javits Center during the New York Auto Show in April. The task force will have the chance to view numerous new electric vehicles from a variety of manufacturers and participate in ride and drives during the Show.

er associations, manufacturers, environ- mental groups, and public utilities. Its goal is to find ways to increase EV sales and improve EV infrastructure. Mr. Schienberg will continue to advocate for more cash rebate funding for car sales

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