NADA: Dealerships set records

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Wages, payroll and employment all continued to rise at U.S. new-car dealerships in 2016, according to a report from the National Automobile Dealers Association. Dealerships employed 69 workers on average in 2016, up from 66 in 2015. Overall, new-car dealerships employed a record of 1,131,900 people, a 2.4 per cent increase from 2016.

“Total dealership employment has consistently risen every year since the Great Recession,” NADA Chief Economist Steven Szakaly said in a news release.

Dealership employees’ average weekly earnings also increased by 2.6 per cent since 2015, and average annual payroll hit $65 billion, up 4.9 per cent, or $3.9 million per dealership.

The report also said that total annual compensation per employee now averages $69,000, one of the highest average salaries for any industry.

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