2015 Economic Impact of Franchised New Car Dealers

sales tax & collections

Retailing In New York

$49.7 billion

Total sales by franchised new vehicle dealerships in New York State were $49.7 billion last year. Of that number, $33.0 billion is attributed to new car dealerships in the metropolitan area, accounting for 66.4% of all sales made by franchised new vehicle dealers in the state. This impressive economic contribution, made by predominantly small business owners in communities across our area, demonstrates the importance of automobile retailers in boosting the economic health of every county in the metro area. Total Sales Summary

total sales by franchised new vehicle dealerships in New York State

$33.0 billion total sales by franchised new car dealerships in metro area

Metro area franchised new car dealers account for 66.4% of vehicle sales in New York State

Tax Collections

Tax Category

Average

Metro Area

per Dealer*

Total

State Sales Taxes Collected

$4,350,000

$1,796,550,000

State Payroll Taxes

$410,000

$169,330,000

Real Estate Tax

$230,000

$94,990,000

Other

$120,000

$49,560,000

Franchised New Car Dealers

AREA TOTAL

$5,110,000

$2,110,430,000

* Total number of Dealers: 413

Observations • In 2014, dealers collected or paid a total of more than $2.1 billion in state and local taxes. • Dealers collected or paid nearly $1.8 billion in state sales taxes.

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