NADA midyear report shows economic importance of dealerships

The NADA Data 2018: Midyear Report shows the substantial economic impact of franchised dealerships. For instance, in the first half of the year, the nation’s 16,794 franchised new-car dealerships employed more than 1.1 million people, up 0.8 percent from a year ago.


“In addition to direct employment, more than 1 million other jobs in local communities are dependent on dealerships,” said NADA senior economist Patrick Manzi.


In 2017, the annual payroll at new-car dealerships was $65.3 billion, up 2.2 percent from a year earlier, according to the most recent data from the Bureau of Labor Statistics.


“For the past several years, dealership employees have seen steady increases in their incomes as well as in their total compensation,” Manzi said. Dealership employees’ average annual earnings was $71,916 in 2017, up 3.1 percent from a year earlier.


To download the full report, click here.

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