NJ CAR

Contributions to New Jersey’s Economy

New Jersey’s automotive retail industry is the strongest part of the State’s retail economy.

New Jersey’s automotive retail industry is the strongest part of the State’s retail economy. In 2018, New Jersey’s franchised car and truck retailers sold 520,000 new vehicles and generated more than $36.1 billion in vehicle, parts and service sales. The industry also collected $1.8 billion in State and local taxes. In addition, more than 74,500 individuals are either directly employed or work in jobs supported by New Jersey’s 510 franchised new car and truck dealerships. These are good-paying, local jobs that can’t be outsourced.

New car dealers are also working to bring much-needed skilled automotive technician jobs to New Jersey, with some estimates saying the State will need to fill more than 24,000 open positions through 2025, as demand grows, and senior technicians continue to retire from the workforce.  The dealership community’s investment in finding, training and retaining qualified auto technicians benefits the State and local economies.

Neighborhood new car dealers invest in their communities and collectively support hundreds of worthwhile charitable causes, from little league baseball teams, local hospitals, and everything in between.

Read more in the study below:

Economic Impact of Franchised New Vehicle Retailers On The New Jersey Economy