Dealers contribute billions to Maryland, Virginia economies

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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