TYSONS, Va. — New-car dealerships directly employed a record 1,131,900 workers last year, a 2.4% increase from 2015, according to the National Automobile Dealers Association’s NADA Data 2016.
On average, a dealership employed 69 workers last year, up from 66 in 2015. Average annual payroll was $65 billion, up 4.9%, or $3.9 million per dealership. The average weekly earnings of dealership employees grew 2.6% from 2015 to an average of $69,000 per employee, giving dealership employees one of the highest average salaries of any industry.
“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships.”
Total dealership sales revenue, including new- and used-car sales (including F&I), parts, service and body shop, was $995.6 billion in 2016, up 6.1% from 2015. Read the full article here.