GNYADA September 2017 Newsletter

Dealers Produce Significant Impact on New York’s Economy 5

The Association’s 2017 Economic Impact Report, released at the Annual Meeting, revealed the enormous impact auto dealers have on jobs, tax revenues, and philanthropic endeavors in across metro New York. According to the comprehensive research study, dealerships pumped an astounding $48.5 billion into the economy, provided 68,600 direct and indirect jobs, and collected $2.4 bil- lion in state and local taxes. In addition to illustrating the impor- tance of franchised new car dealers to metro New York’s economic health, the study also showed the tremendous investment dealers have in their local communities. Dealers invested $265 million in capital improvements to facilities and contributed $20.7 million to community organizations. This report clearly proves that fran- chised new car dealerships provide a robust marketplace. Dealers have cre- ated a record numbers of jobs, gener- ated opportunity and economic

2017 NEW YORK METROPOLITAN FRANCHISED NEW CAR DEALERSHIPS’ ECONOMIC IMPACT

Study conductedby

Preparedby

growth, and returned tax dollars to help support the localities in which they operate. The Association will use the results of this report to inform leg- islators and the media that the dealer business model is worth protecting. The 2017 New York Metropolitan Franchised New Car Dealership Economic Impact study was commis-

sioned by the Greater New York Automobile Dealers Association and conducted by Auto Outlook, an inde- pendent automotive market research firm providing comprehensive market analysis services for automotive trade associations and dealers. The Association thanks all dealers who completed the survey.

OMS Plate Registrations Expire This Month Dealerships that offer rental vehicles, also known as OMS vehicles, must renew these registrations by effective date of 10/01/2017 and an expiration date of 09/30/2018. 6

notice should complete an MV-82, sign it, and attach a copy of the OMS registration and the insurance card before submitting to DMV. The Association recommends that dealers submit OMS plate renewals as a “Same Day Rush”, to assure that their registrations don’t expire before new ones are obtained. (This is also a good time to make sure that the inspection sticker isn’t expired.) For further information, contact DMV-DIRECT at 718.747.0400

September 30th. It doesn’t matter when the vehicle was first registered — all expire annually, on this date. GNYADA's DMV-DIRECT service can process your OMS renewals. Each renewal must be submitted to DMV-DIRECT (or whoever handles the dealership's DMV work) with an insurance card attached.

Contact your provider as soon as possible in order to receive insurance cards before September 30th — providers will likely be busy providing these for other clients with OMS registrations. Dealers who have received their renewal notice simply need to sign it and then attach it to the insurance card before submitting it for renewal. Those who did not receive a renewal

The insurance card must have an

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

The Newsletter • September 2017

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