Economic Impact
DRIVING NEW YORK'S ECONOMY
The Greater New York Automobile Dealers Association’s members are a powerful economic influence and contribute significantly to the creation of high paying jobs throughout the metropolitan area.
Together, metro area dealers produced $70.6 billion in economic activity and supported more than 68,800 jobs with a total payroll of $6.2 billion. They collected and paid $3 billion in state and local taxes and made $20.9 million in charitable contributions in 2024 alone.
The chart below illustrates the 2025 dealership totals in comparison to 2024.
PAYROLL
- In 2025, metro New York's new vehicle retail industry generated nearly $6.5 billion in total employee compensation, including direct and indirect earnings and benefits.
- Employee compensation increased 4.8% from 2024 and 41.3% compared with 2019.
- The average employee salary exceeded $103,000 in 2025.
EMPLOYMENT
- In 2025, metro area new vehicle dealerships directly employed 38,400 individuals.
- Another 30,900 jobs were supported through the indirect economic impact of dealership operations.
- Automobile dealership employment accounted for 13% of retail employment in metro New York.
- New car dealers remained the area's fourth-largest retail employer, behind supermarkets, clothing stores and pharmacies.
TAX REVENUE
In 2025, franchised new vehicle dealerships in metro New York collected or paid approximately $3.1 billion in state and local taxes, averaging $6.36 million per dealership.
- State Sales Taxes: $2,522,960,000
- State and Local Payroll Taxes: $304,512,000
- Real Estate Tax: $156,160,000
- Other Taxes: $68,808,000
SALES
- New York State dealerships recorded approximately $78.8 billion in new vehicle sales and 775, 600 new vehicles sold in 2025.
- Metro New York dealerships accounted for $53.7 billion in sales and 490,400 new vehicle sales, representing 68% of statewide dealership sales dollars.
- Metro area new vehicle retail sales declined 8.3% from 2024, while dealership sales dollars declined 0.7%
New York Metro Area New Retail Vehicle Registrations
Combined new retail car and light truck registrations in metro New York declined sharply in 2020 due to the pandemic and fell again in 2022 as supply-chain issues impacted vehicle production. Registrations recovered in 2023 and 2024 as inventories improved, but declined 8.3% in 2025, to 490,400, as affordability challenges weighed on demand.
Download the Economic Impact Report
This report highlights the enormous value franchised new car dealers play in creating job opportunities, tax revenues, and philanthropic endeavors. More importantly, behind each of this report’s statistics are very real benefits and expanded opportunities in the daily lives of dealership personnel, the New Yorkers they serve, and communities they are located in.