McLEAN, Va. (July 29, 2010) – NADA DATA 2010, the comprehensive look at auto retailing published each year by the National Automobile Dealers Association, confirms that, despite 2009 being a tough year, auto dealerships remain a significant employer in thousands of communities around the country.
“The payroll for all new-car dealerships was nearly $44 billion, and represented about 13 percent of the nation’s total retail payroll,” says Paul Taylor, NADA chief economist. “New-car and -truck dealers are significant contributors to their local economies, tax bases and civic and charitable organizations.”
New-car and -truck dealerships on average employed 49 people with an annual payroll of about $2.4 million in 2009, according to the report.
Taylor says the recent recession caused a drop in revenue from service and parts, as well as new-car sales in 2009. Click here for the full report.
About NADA: The National Automobile Dealers Association, founded in 1917 and located just outside the nation’s capital, represents nearly 17,000 new-car and -truck dealers operating about 37,500 separate franchises, both domestic and international.
Contact:
David Hyatt
Vice President
NADA Public Affairs
(703) 821-7120
dhyatt@nada.org
Charles Cyrill
Director of Public Relations
NADA Public Affairs
(703) 821-7121
(216) 870-8837 (mobile)
ccyrill@nada.org