New Jersey Bans Tesla Sales
The New Jersey Motor Vehicle Commission voted unanimously to ban the direct sale of vehicles to consumers, effectively shutting down Tesla’s showrooms in the state.
TRENTON, N.J. — On Tuesday, New Jersey’s Motor Vehicle Commission voted unanimously to ban the direct sale of vehicles to consumers. And because Tesla owns its own showrooms, it will no longer be able to sell vehicles in the state as of April 1, according to TheWall Street Journal.
New Jersey is the third state to ban Tesla from selling cars directly to car buyers. The others are Texas and Arizona.
To read the full story, click here.
More Compliance
Variations on a Theme – Lease Packing
Dealers must be careful they don’t run afoul of the law when it comes to such deceptive practices, as there are many cases pointing to the potential bad ends of such deals.
Read More →
Your 10-Point Compliance Checklist
Identify areas of concern and opportunities for training by updating, installing and enforcing a compliance checklist that requires specific actions for sales, F&I and accounting.
Read More →
A Continuing Antediluvian Dealer Fraud: Payment Packing
The longtime illegal practice, which can take many forms, can get a dealer and its employees in deep trouble. It’s a good idea to determine if anyone in your stores is doing it and to weed it out if so.
Read More →
Line 1 Is Not a Junk Drawer
Rolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
Read More →
Dueling Banjos in the Car Biz
Reports and accounts at variance show auto dealers’ trust profiles have risen in many consumers’ minds but that there remains a need for greater transparency by some.
Read More →
NADA and the Miracle on 34th Street
Automotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
Read More →
Another Look at a Recent Data Breach
Get caught up on the most pressing legal and regulatory matters facing dealers and F&I professionals, including data security, shotgun purchases, and inconsistent payment quotes.
Read More →
The Best Thing a Dealer Can Do to Avoid Legal Problems
Citing the issue is a strategy borrowed from the legal field itself.
Read More →