Dealerships: The Economic Impact for Greater
Founded in 1910, the Greater New York Automobile Dealers (GNYADA) represents nearly 400 franchised new car dealers in metro New York, the nation’s largest vehicle sales market.
During 2012, auto dealerships in the New York metro area (Long Island, New York City, Rockland and Westchester Counties) continued to grow, increasing their sales and the number of jobs they created in this region. Sales topped $27 billion and employment at the average dealership increased by more than 5% over 2010 (the last year for which figures are available).
Collectively, GNYADA’s 400 new car dealer members generate over $1.8 billion in tax revenue and are responsible for more than 57,000 jobs in the region. New car dealers pay $2.9 billion in employee payroll and donate $17.2 million to charitable organizations.
This report highlights the annual overall economic impact created by new car dealers and was prepared by Auto Outlook, Inc., an independent market analysis firm and commissioned by GNYADA. It is an in-depth analysis of the impact franchised new car dealers have on the area’s economy, based on data compiled from our members.
Take a close look at the report to learn more about how the auto industry positively impacts the New York community.