GNYADA July 2015 Newsletter

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New DMV Requirement

Fees Dealers must order the New Secure Power of Attorney Forms (MV-93) directly from DMV. The forms cost $125.00 for a package of 25. Dealers may pass along the $5 fee for a Secure Power of Attorney Form to a customer who is trading in a vehicle or to a customer buying a trade-in. The $5 charge must be listed sepa- rately on the invoice, with the disclaimer “THIS IS NOT A DMV FEE.”

place your order by mail. Or you can place your order at DMV’s website: dmv.ny.gov/forms?query=MV-93 . Please call Sue Bieber at the Association or email her at susan@gnyada.com with any questions relating to the new Secure Power of Attorney Form.

DMV is requiring dealers to use a new Secure Power of Attorney Form. After accepting a vehicle trade-in without a title, it can be difficult get- ting the customer to return to sign over a duplicate title. In light of this, dealers used a variety of hand-crafted Power of Attorney forms which do not comply with federal and state rules. The New Secure Power of Attorney Form contains four Parts, and has a unique serial number. DMV will reject the old form submitted with DMV paperwork.

’15 Market Forecast: 573,000

Enclosed is a set of instructions and an order form which may be used to

After getting off to a bit of a sluggish start early this year, the New York Metro Area new vehi- cle market has started to warm up along with the weather. Area sales grew 4% in May compared with 2014, leading to a predicted annual total of 573,000 – the best in nine years – according to figures highlighted in the latest issue of GNYADA’s New York Auto Outlook . Other highlights include: Light trucks sales grow 9% year-to-date through May versus a year earlier. 2015 new vehicle market forecast of 573,000 units; an improvement of 3.5% from 2014 to 2015. Metro New York sales out- pace U.S. 3.7% to 3.0% in the first five months of 2015. n n n

#1 DMV Violation: 5-Day Rule

Dealers are required to submit regis- tration and title paperwork within five calendar days (not business days) of the temporary registration issuance date. Within those five days, they must deliver the complet- ed paperwork, along with all fees, to the DMV. The following documentation is required for a complete application: MCO/MSO or Title (and MV-901 lien release if applicable) MV-50 (retail certificate of sale) MV-82 (registration/title application) Current Insurance Card (FS-20) n n n n

trations on site – operate under a Memorandum of Understanding with the DMV. Paperwork submit- ted by a dealership to DMV- DIRECT is considered equivalent to submitting to the Department of Motor Vehicles itself. A Private Service Bureau (such as a “runner” service which drops paper- work off at a local DMV or county clerk’s office) is not considered an agent of DMV. Paperwork is not considered officially submitted to the Department until it reaches an issuing office or a county clerk’s office. Until that point, the dealer- ship is still on the hook for all paperwork. If you have questions regarding the 5-day rule, please contact DMV-DIRECT at 718.747.0400.