New Jersey’s retail automotive industry represents a major economic force in the State’s overall economy, generating tens of thousands of jobs and billions of dollars in employment earnings, State and local taxes. The economic impact of the industry is chronicled in a comprehensive report issued today. The report was compiled by Auto Outlook, Inc., an independent automotive market analysis firm. At a time when many companies continue to outsource jobs, New Jersey’s retail automotive dealers contribute mightily to the State’s enviable employment rate and also generate jobs and income for other community-based businesses to boost the profitability of their operations. Some of the primary findings in the report include: ·In 2004, franchised new vehicle dealerships in New Jersey generated more than 64,500 jobs. ·New Jersey residents earned over $2.5 billion as a result of their employment at automotive dealerships. ·The average dealership payroll approaches $3 million. ·Dealerships collected or paid over $1 billion in State and local taxes ·Automobile dealerships spent over $412 million on advertising during 2004. ·Franchised new vehicle dealerships in New Jersey had total sales of nearly $26.5 billion in 2004. ·Average dealership sales exceeded $42 million. ·Collectively, automobile dealerships contributed nearly $15 million to various, community-based charitable causes. View the 2005 Economic Impact document by clicking on the link below: This file requires Adobe Acrobat Reader. It is a large file and may take a few minutes to load. 2005 Economic Impact of Franchised New Vehicle Dealers on the New Jersey Economy View the 2004 Economic Impact document by clicking on the link below: This file requires Adobe Acrobat Reader. It is a large file and may take a few minutes to load. 2004 Economic Impact of Franchised New Vehicle Dealers on the New Jersey Economy