New Jersey A4050 amends the definition of new motor vehicle dealer and establishes provisional licenses for applicants.

New Jersey A4050 amends the definition of "new motor vehicle dealer" to include an authorized dealer of a motor vehicle franchisor who has an established place of business. The bill also defines "motor vehicle franchisor" as a person engaged in the business of manufacturing, assembling, or distributing new motor vehicles. Additionally, the bill allows applicants for a new motor vehicle dealer license to use space attached to their established place of business, a separate space on the same property, or an off-site facility within the relevant market area for servicing motor vehicles.

New Jersey A4050 amends the definition of new motor vehicle dealer and establishes provisional licenses for applicants.

New Jersey A4050 amends the definition of "new motor vehicle dealer" to include an authorized dealer of a motor vehicle franchisor who has an established place of business. The bill also defines "motor vehicle franchisor" as a person engaged in the business of manufacturing, assembling, or distributing new motor vehicles. Additionally, the bill allows applicants for a new motor vehicle dealer license to use space attached to their established place of business, a separate space on the same property, or an off-site facility within the relevant market area for servicing motor vehicles.