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| Title: |
2008 Auto Dealer State Economic Impact Report |
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The California New Car Dealers Association has released its 2008 State Economic
Report. The state’s 1,594 franchised new car and truck dealers generated approximately
21 percent of all retail sales for
California
last year. This continues to underscore the extensive economic impact dealers
are contributing to local economies throughout the state.
For 2007, franchise dealers in the state sold an estimated 1,871,132 new cars
and light trucks totaling $58 billion. Total unit sales were composed of 53.9
percent new cars and 46.1 percent new light trucks. Per dealership, deliveries
averaged 1,174 new units. Additionally, dealership service and parts sales reached
$13 billion last year, representing 13.5 percent of total dealership dollar sales.
California
’s franchised new car dealers 1,379,399 pre-owned vehicles with sales totaling
nearly $19.1 billion (20 percent of dealership sales) in 2007.
California
’s franchised dealers employed approximately 153,486 workers in 2007, with a
combined payroll of over $17.8 billion, up $4.8 billion over the previous year.
California
dealers paid out over $1.1 billion in personnel benefits ($7,290 per employee)
and over $379 million in worker’s compensation premiums in 2007 ($2,468 per employee).
Payroll taxes (state, federal and social security) totaled $1.3 billion ($8,733)
per employee.
Dealership taxable sales totaled $66.5 billion last year, and franchised dealers
either paid or collected $8 billion in federal, state, and local taxes. Additionally,
California
’s franchised dealers collected almost $5.8 billion in sales tax in 2007, and
paid $107.5 million in special fees, government fees (e.g., business licenses,
DMV fees and Bureau of Automotive Repair fees) and environmental fees. Real estate
and business property taxes reached $323 million.
On average, franchised dealers in
California
generated $4,340 in federal, state and local taxes for every new vehicle they
sold.
California
’s dealerships spent $1.2 billion on advertising in 2007. The typical dealership
spent approximately $730,137 or an average of $621 per new vehicle sold. Nationally,
the average dealership spent $610 per new unit sold last year.
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