Employment at U.S. Auto Dealers Hit One Million Mark in 2013

For the first time since 2008, the auto dealerships in the United States employed more than 1 million people in 2013, according to Automotive News.

The entire total for 2013 came in at 1,008,800 and it was a three-percent increase from 2012, according to data from the National Automobile Dealers Association report NADA Data 2014.

In 2013, the average auto dealership employed 57 people, which is an increase from 55 in 2012. The average auto dealership had an annual payroll of $3 million, which is a 3 percent increase. The total payroll for all auto dealerships in the country came in at $53.7 billion in 2013.

Steven Szakaly, the Chief Economist for NADA, said, “The economic recovery is continuing, and we expect a stronger housing market, improving job prospects and continued low interest rates for auto loans to boost sales this year.”

In 2014, Szakaly has forecast the total light-vehicles sales hitting 16.4 million units, which is an increase from 15.6 million in 2013.

“Fierce price competition — whether from online research, a network of competing franchised dealers or compelling new vehicles — continues to dominate an industry with slim retailing margins,” Szakaly said.

In 2013, the total revenue at United States auto dealerships hit $730 billion, which is an increase of nine percent.

Sales of new vehicle units increased by seven percent. Profit per new vehicle retailed dropped to $69 in 2013 from $111 in 2012.

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