Dealers contribute billions to Maryland, Virginia economies
Fresh from NADA, the annual contributions of new-car dealers to Marylandês and Virginiaês economies appear below:
Maryland:
294 dealerships
48,578 jobs created by dealerships (includes 24,429 direct jobs and 24,149 indirect and induced jobs)
83 employees average per dealership
$19.7 billion total sales 23.8 percent of total retail sales in the state
$1.4 billion combined annual payroll
$58,687 average annual earnings
$483 million state and federal income taxes paid (includes taxes paid for direct, indirect and induced jobs)
2 percent share of total U.S. new-vehicle registrations
10.7 years average vehicle age
Virginia:
459 dealerships
65,502 jobs created by dealerships (32,667 direct and 32,835 indirect and induced)
71 employees average per dealership
$23.2 billion total sales 20.2 percent of total retail sales in the state
$1.8 billion combined annual payroll
$57,552 average annual earnings
$655 million state and federal income taxes paid (includes taxes paid for direct, indirect and induced jobs)
2.3 percent share of total U.S. new-vehicle registrations
11.8 years average vehicle age
District of Columbia:
No new car dealerships in DC!
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