Timely updates on legal issues affecting dealerships and other franchises.
On August 16, 2022, the Inflation Reduction Act (the Act) went into effect and made significant changes to the tax credits available to electric vehicle (EV) purchasers. This article outlines key components of the EV tax credit changes that motor vehicle dealers should be aware of as production and demand for EVs continues to rise.
On July 13, 2022, the Federal Trade Commission released a set of proposed regulations governing motor vehicle dealerships. The proposed regulations, which are open for public comment until September 12th, would affect how dealers advertise and sell motor vehicles and associated “add-on” products.
Manufacturers have received updated census tract information from the 2020 Census. As a result, the territories being assigned to dealers (which, depending on the manufacturer, are referred to as Primary Market Areas, Areas of Primary Responsibility, Dealer or Sales Localities, etc.) are being updated.