Jobs, Payroll Rise at New-Car Dealerships
McLEAN, Va. -- As the U.S. economy recovers and auto sales increase, employment at franchised new-car dealerships continued to rise in 2012, the National Automobile Dealers Association reports, up 3.2% from 2011. Total employment at new-car dealerships increased to 963,400 employees, up from 933,500 in 2011.
The average number of employees per dealership rose to 55 from 53, NADA said. It also reported a net increase of 95 franchised dealerships, bringing the total to 17,635 at the end of 2012.
New-car dealerships had an annual average payroll of $2.9 million in 2012, up 12% from the previous year. The total payroll for all U.S. new-car dealerships was $51.6 billion, up 12.6%. Average weekly earnings of employees at the dealerships were $1,030, up 9.1% from 2011.
Sales, payroll and employment and at new-car dealerships as a percentage of total U.S. retail activity in 2012, as follows:
- Sales accounted for 14.9% of total U.S. retail activity.
- Payroll accounted for 12.3% of U.S. retail payroll.
- Employees made up 6.3% of total U.S. retail employment.
Published by The Business Journal, Youngstown, Ohio.
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