New Jersey’s retail automotive industry is the economic engine on Main Street in cities and towns across New Jersey. According to a report issued by the New Jersey Coalition of Automotive Retailers (NJ CAR), the Garden State’s network of 526 franchised automotive retailers represent a $35 billion per year industry and directly employ or support more than 73,000 good-paying, local jobs that can’t be outsourced. These community-focused businesses also benefit the New Jersey economy by generating billions of dollars in employment earnings and State and local taxes.
“New Jersey’s franchised auto retailers bring significant economic contributions to every city and town in which they operate,” said Jim Appleton, President of NJ CAR. “They offer consumers aggressive price competition and convenient access to free warranty and safety recall service. They are dedicated to offering best-in-class service to EVERY customer that walks into their showrooms and are adopting new technologies to engage with their customers where they want, when they want and how they want.”
The report, entitled The Economic Impact of Franchised New Vehicle Retailers on the New Jersey Economy, contains hard data on employment, payroll, tax collections, automotive sales and charitable contributions from New Jersey’s franchised automotive retailers. Some of the findings in the 2018 report include:
Collectively, New Jersey’s franchised automotive dealerships contributed nearly $15.2 million to hundreds of charitable causes in 2017.
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