2022MembershipDirectory_FNLdigital

2022 MEMBERSHIP DIRECTORY + SERVICES GUIDE

ECONOMIC IMPACT STUDY RESULTS OF METRO NEW YORK’S DEALERS More than 100 GNYADA members participated in this year’s Economic Impact Study that will soon be released to the media and public officials. The report affirms how critical franchised new car dealers are to NewYork’s economy. Before we officially release it, we want to share with you some of the report’s data. The study compiles information for the latest complete year of available data – 2021. The report finds year-over-year gains in each of the Economic Impact Report metrics, including a 22.6% increase in total sales dollars, 9.5% increase in new vehicles sold, 1.6% increase in jobs generated, 12.5% increase in state and local taxes collected and paid, and an incredible 24.4% increase in employee earnings. • Are the 4th largest retail employer in New York • Generate $5.6 billion in employee compensation • Collected and paid $2.7 billion in state and local taxes • Made $19.1 million in charitable contributions GNYADA’s Member Dealers contribute significantly to government revenue throughout New York’s lower 12 counties, as well as the entire state, and establish well paying jobs in local communities across the region. There are more than 440 franchised dealerships in our area with strong, well-established footprints in their communities that contribute significantly to local and state economies. Area Franchised New Car Dealers: • Support 65,500 direct and indirect jobs

The 2022 Economic Impact of Franchised New Car and Truck Dealerships Report was commissioned by the Greater New York Automobile Dealers Association and conducted by Auto Outlook, an independent automotive market research firm providing a comprehensive collection of market analysis services for automotive trade associations and dealers. A copy of the Report—containing a breakdown of the various types of tax revenue dealers generate, additional employment statistics, and more—will be sent to your dealership shortly. The Association thanks all dealers who completed the survey that helped generate this crucial data.

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