AUTOMOTIVE INDUSTRY
- Auto dealerships play a huge role in the economy. Total dealership sales are about $700 billion a year. (NADA Data, May 2006)
- Almost one of every four retail dollars is spent at car dealerships. (NADA Data, May 2006)
- Total dealership payroll is $51.5 billion—almost 14 percent of the nation’s total retail payroll. (NADA Data, May 2006)
- More than 16 million new cars and trucks are sold each year. (NADA Data, May 2006)
- Service and parts departments are key profit centers. Annual franchised dealership service and parts sales reached almost $80.5 billion in 2006. (autoexecmag.com)
- Dealerships employ more than 254,000 service technicians. (NADA)
- Dealerships need 36,000 new technicians annually to keep up with demand. (Auto Retailing Today)
- Dealerships complete more than 200 million repair orders annually. (NADA)
- Technicians earn from $28,000 to more than $100,000 annually. (NADA)
- Technician pay has been rising faster than inflation since 1988. (NADA)
