GNYADA May 2018 Newsletter

NADA Director’s Column The Sky is Not Falling by Bob Vail, Vail Buick GMC, NADA Director Metro New York

millennials would give up owning a car for exclusive ride-hailing or car sharing; Time is valuable: Ride-hailing users wait an average of nine minutes for each ride. Considering the fact that the average household takes about 10 trips per day, that is a lot of waiting. 90% of survey respondents said they like the flexibility, convenience, and control of car ownership. They view this as a key benefit that doesn’t exist n

with ride-hailing services. NADA’s survey found that the ride- hailing services are beneficial in urban areas but whether the vehicles are autonomous or not, the future of transportation will be personally owned vehicles. NADA’s article can be read it its entirety at https://blog.nada.org/2018/ 04/09/the-future-of-personal-vehicle- ownership/

Many news outlets would have you believe that ride-hailing, autonomous vehicles, and car sharing are going to spell the end of personal vehicle ownership. NADA commissioned a national, large-scale consumer research project to find the truth. Some of the key findings are: Cars are not an inconvenience: Only 6.5% of car owners view ownership as “a hassle”; n

Millennials are interested in buying cars: Only 19% of

n

2 DMV Begins Sign-up for Mandatory Electronic MV-50s Program

DMV is moving rapidly toward its goal of having VERIFI fully implemented by July. Dealers should have already received notice that enrollment has begun. This mandatory program will make the MV-50 and book of registry almost completely electronic (only certain sales will be exempt). Dealers have been asked to register by May 31st in order to become familiar with the program’s features before its launch. Registration will require executing a contract (Facility Participation Agreement) with Vanguard Direct, the program vendor. Before registering, GNYADA strongly encourages attending one of the three regional training sessions the Association has arranged for its members. GNYADA members will receive an in-person orientation and demon- stration of the eMV-50 program and have questions answered directly by DMV and Vanguard. These live training sessions will: n Provide dealers with a step-by-step demonstration, from registration to eMV-50 processing; n Inform dealers about identifying administrators and their roles and responsibilities and identifying addi- tional authorized users; n Educate dealers about the requirements of processing transactions electronically;

n Explain the new eMV-50 and online ordering; n Demonstrate new Temporary Registration processes; n Explain the new electronic Police Book (Book of Registry); n Demonstrate how dealers can generate specific reports; n Dealer Q & A.

eMV-50 Regional Training Sessions

May 15, 2018 • 9:30am–11:30am Center for Automotive Education & Training 15-30 Petracca Place, Whitestone, NY 11357 May 22, 2018 • 9:30am–11:30am Westchester Marriott 670 White Plains Road, Tarrytown, NY 10591 May 24, 2018 • 9:30am–11:30am Melville Marriott 1350 Walt Whitman Road, Melville, NY 11747 This program is free for GNYADA members. To register, select the preferred date and location and contact Kelsey at kelsey@gnyada.com or by phone at 718.746.5900.

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • May 2018 3