Revises law concerning the rights and responsibilities of motor vehicle franchisees and franchisors.

This New Jersey bill revises the Franchise Practices Act to strengthen protections for motor vehicle dealers (franchisees) against unfair practices by car manufacturers (franchisors). It prohibits franchisors from imposing unreasonable performance standards, requiring franchisees to purchase unnecessary vehicles or equipment, or restricting franchisees' ability to sell alternative products like insurance or service plans. The bill also requires franchisors to buy back all unsold vehicles from franchisees upon termination (expanding from current model year and one prior year to all prior years) and clarifies that franchisors can only exercise a right of first refusal if they have a formal program to increase minority ownership of dealerships. These changes aim to balance the power dynamic between franchisors and franchisees in New Jersey's motor vehicle dealership system.