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New-car dealership employment, wages continue to rise: NADA

November 2, 2018
Through the first half of 2018, the nation’s 16,794 franchised new-car dealerships employed more than 1.1 million people, up 0.8 percent compared to same period a year ago, according to a new report released last month by the National Automobile Dealers Association.
"In addition to the direct employment provided by dealerships, more than 1 million other jobs in local communities are dependent on dealerships," said Patrick Manzi, NADA senior economist.
"NADA Data 2018: Midyear Report," a semiannual financial profile of new-car dealerships (selling domestic, import, luxury and mass-market brands), includes an analysis of dealership departments as well as retail-auto industry milestones through the first half of 2018.
In 2017, the annual payroll at new-car dealerships was $65.3 billion, up 2.2 percent from 2016, according to the most recent data available from the Bureau of Labor Statistics.
"For the past several years, dealership employees have seen steady increases in their incomes as well as in their total compensation," Manzi added. "Dealership jobs offer significantly higher compensation than other retail sectors, and dealerships continue to offer one of the highest average salaries of all industries."
The average annual earnings for employees at new-car dealerships was $71,916 a year in 2017, up from $69,784 in 2016, a 3.1 percent increase.
 
 

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