The automotive industry is a major industrial and economic force worldwide. Even locally, new vehicle dealerships are making a huge economic impact. With results calculated from surveys by both the GCADA and the Ohio Auto Dealers Association, an “Economic Impact Study” was created for franchised new vehicle dealerships in the Cincinnati Region (Hamilton, Butler, Warren, and Clermont Counties). The study shows economic highlights for the region’s new vehicle dealers.
Total dealership employees for the region was just over 5,300, with an annual payroll of $234 million. The tax contribution of dealerships was abundant, as they collected $122 million from sales tax and paid a total of $52 million for CAT, payroll and real estate taxes put together.
Think it’s time that we give our dealers a round of applause for their positive economic impact!