More evidence arrived on Tuesday reinforcing why franchised dealerships are integral cogs in their community economic engines.
According to the annual economic impact report compiled by Autos Drive America and the American International Automobile Dealers Association, the 9,400 international nameplate automobile dealer franchises across the country utilize 542,000 direct employees.
Furthermore, the report also highlighted that 552,000 indirect jobs were created by international nameplate dealerships in 2020.
The top 10 states where these direct and indirect jobs are in place include:
— California
— Texas
— Florida
— North Carolina
— Virginia
— Illinois
— Ohio
— Pennsylvania
— New York
— New Jersey
Other key findings from the report included:
• International automakers, dealers and suppliers supported nearly 2.1 million American jobs
• International automakers manufactured 46% of all cars and light trucks made in America
• International nameplate dealers were responsible for 55% of new-vehicle registrations in the U.S. and created more than half of all franchised dealership jobs in America
• International automakers accounted for 62% U.S. market share of green vehicle sales
“For over 60 years, international automakers have invested $98 billion into their U.S. operations and today are completely woven into the fabric of American communities,” Autos Drive America president and chief executive officer Jennifer Safavian said in a news release.
“What this economic impact report illustrates is their dedication to creating American jobs, supporting their local communities, and empowering their U.S. workforce during good and challenging economic times,” Safavian continued.
Autos Drive America and AIADA reiterated that the economic impact report educates policymakers and the public on today’s modern U.S. auto industry consisting of a global array of companies. Both associations said they are committed to promoting policies that enable the continued growth and success of the U.S. automotive industry and the millions of American jobs it creates.
“This report breaks down, line by line, precisely how America’s international nameplate dealers and their brands function as powerful economic engines for our country,” AIADA president and CEO Cody Lusk said in the news release. “AIADA’s dealer members and their 542,000 employees are proud of their contributions to our economy and our communities.”
OEMS participating in the 2020 Autos Drive America and AIADA Economic Impact Survey included:
— BMW Group
— Honda
— Hyundai
— Kia
— Mazda
— Mercedes-Benz
— Mitsubishi Motors
— Nissan
— Subaru
— Toyota
— Volkswagen Group
— Volvo Cars
Sales data represents new-vehicle registrations in the United States in 2020 for:
— Acura
— Alfa Romeo
— Aston Martin
— Audi
— Bentley
— BMW
— Bugatti
— Ferrari
— Fiat
— Honda
— Hyundai
— Genesis
— Infiniti
— Jaguar
— Kia
— Karma
— Lamborghini
— Land Rover
— Lexus
— Lotus
— Maserati
— Mazda
— McLaren
— Mercedes-Benz
— MINI
— Mitsubishi Motors
— Nissan
— Porsche
— Rolls-Royce
— Scion
— smart
— Subaru
— Toyota
— Volkswagen
— Volvo Cars
To download the entire report, go to this website.
Source : AutoFinanceNews
