WANADA dealerships add billions to state economies
NADA has calculated the economic contribution of franchised dealerships in every state to the state economy, and the totals are impressive. The information for each state is available on a data sheet found at www.MyDealership.org, a public website that has information about dealerships under the headings My dealership saves me money, My dealership is modern, My dealership is local, My dealership creates jobs and My dealership is diverse. The website is part of an NADA public outreach program to inform the public about dealersê contributions to the local economy.
Dealers are encouraged to spread the word about their positive effect on their states in employment, sales, payroll and taxes paid. The figures for Maryland and Virginia are shown below. Click here to download the Maryland data sheet and here to download the Virginia one.
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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