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U.S. Auto Dealer Revenue, Employment Rose in 2016

Despite increases, profits remained flat.

by on Apr.14, 2017

NADA Chief Economist Steven Szakaly noted in the newly released NADA Data report U.S. dealers hired more people in 2016.

In 2016, new-car dealerships directly employed a record 1,131,900 workers, a 2.4% increase from the previous year, according to NADA Data 2016, the annual financial profile of new-car dealerships.

The economic impact of auto dealers was detailed in the new report from the National Automobile Dealers Association, which indicated employment, wages at U.S. new-car dealerships all continued to rise in 2016.

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“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships,” he said.  (more…)