The average employee’s earnings were up 1.3% and total payroll was up nearly 2% at America’s franchised dealerships in 2018, according to the latest figures from the National Automobile Dealers Association.
TYSONS, Va. — The National Automobile Dealers Association released a midyear version of NADA Data 2019, a biannual financial profile of America’s franchised dealerships.
Analysts said the report underscores the vital economic contributions of new car dealers nationwide. They found that, as of the end of June 2019, the country’s 16,741 franchised light vehicle dealerships directly employed more than 1.1 million Americans with an annual payroll of $66.6 billion — up nearly 2% from 2017, according to the most recent data available from the federal Bureau of Labor Statistics.
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“Dealers continue to boast one of the highest average salaries of all industries.”
“In addition to strong direct dealership employment, dealerships are responsible for hundreds of thousands of supporting jobs in local communities across the country,” said NADA senior economist Patrick Manzi. “Dealerships spend billions of dollars in their communities on contracting and other services, further enhancing the economic footprint of the retail automotive industry.”
The average annual earnings for employees at new car dealerships was $72,800 in 2018, up from $71,916 in 2017, a 1.3% increase.
“Dealers are committed to their employees and strengthening the U.S. and local economies. Hence, for the past several years, dealership employees have seen steady increases in their incomes as well as in their total compensation,” Manzi added. “In fact, jobs at dealerships offer higher salaries relative to other retail sectors, and dealers continue to boast one of the highest average salaries of all industries.”
Barrington Porsche will be the new location for Murgado Automotive Group’s existing Porsche dealership currently in the Motor Werks of Barrington auto mall.
The franchisees’ state-level actions follow a California auto dealers trade group lawsuit against the VW affiliate last year, both efforts to stop the EV maker’s plan to sell direct to consumers.
First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumers crave more range.
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
