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Dealerships touted in special section in Time

November 4, 2016
"Local communities may see big companies and retailers come and go," said Jonathan Collegio of the National Automobile Dealers Association, "but dealership roots run deep."
Collegio was quoted in a special advertising section, named "Driven to Do the Right Thing," that the NADA placed in a Time magazine edition in October. The piece emphasized the contributions of dealers to their local communities and to local charities.
According to NADA statistics, the 17,000 new-vehicle dealers in the U.S. employed more than 1.1 million people in 2015, up 4.3 percent from 2014. The annual payroll increase was almost double that number, up 8 percent to $62.8 billion, resulting in more than $20 billion in personal tax revenue.
And dealers, the NADA notes, want to make their communities better. A recent survey found 70 percent of dealers plan to increase their charitable giving, which includes donating or loaning about $4.5 million worth of vehicles for charitable causes.
Consumers benefit from dealerships, too. "Research," said the NADA’s Collegio, "has shown that price competition by local dealerships saves consumers, on average, about $500 on the price of a new car — a huge benefit for any consumer purchasing a new car or truck."
Research by J.D. Power shows that 80 percent of people who purchased cars in the last year rate their car-buying experience as excellent. "The dealership experience today is vastly different and better than it was 20 or even 10 years ago," said Collegio.
"Pricing is available online, facilities are modern. For folks purchasing a car today, local dealerships are exceeding expectations time after time."