Oppose Senate Bill 5085C and Assembly Bill 4066B
When you buy a new car, certain repairs are covered under an auto manufacturer's warranty for a set period of time. Auto dealerships perform these repairs and are reimbursed by the auto manufacturers for their services.
In New York, auto dealers are already making a 78% profit on warranty repairs, with only $22 out of every $100 going to the technicians who perform the repairs. On top of this high profit margin, Senate Bill 5085C and Assembly Bill 4066B would increase dealer profits for warranty work by an additional 50%.
The sponsors of this legislation claim it will boost pay for technicians. However, the legislation does not guarantee any increase in technicians' compensation. Instead, it allows the auto dealers to use the additional profits at their discretion.
Studies of similar dealer-friendly laws show they cost consumers an additional $48 billion annually. Please join us in contacting your state lawmakers to oppose this legislation.
I urge you to oppose Senate Bill 5085C and Assembly Bill 4066B. This legislation mandates a 50% increase in warranty repair payments for auto dealers from auto manufacturers. Considering dealers already enjoy 78% of profits on warranty repairs, this will only serve to drive up costs for consumers on new vehicles.
Proponents claim it will enhance technicians' pay, yet the legislation does not mandate any such increase. Instead, it would pad the profits of dealers at the ultimate expense of New Yorkers.
I am calling on leaders in Albany to oppose this legislation and protect consumers.
