Requires franchise agreement for sale of all-terrain vehicles and certain watercraft.

This bill expands New Jersey's existing Motor Vehicle Franchise Act to require formal franchise agreements for the retail sale of all-terrain vehicles, utility terrain vehicles, personal watercraft, and recreational boats. Currently, independent dealers often sell these items through simple sales agreements, but the new law mandates that retailers must operate under a structured franchise arrangement with the manufacturer or distributor. The legislation defines specific terms for these vehicles and watercraft to ensure clarity in how the franchise rules apply to them. Once enacted, the Motor Vehicle Commission will be responsible for creating the necessary rules and regulations to implement these changes.