The California Motor Car Dealers Association on Thursday said the state’s franchised new car dealers were a major contributor to California’s economy in 2004, generating 20% of all retail sales.
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Citing the State Economic Impact Report, CMCDA said total revenue from goods and services sold at California franchised dealerships was almost $US96 billion in 2004 and total full and part time employment stood at 149,523 people.
Dealership payrolls were over $9.4 billion, and California dealers spent nearly $12 billion for goods and services from other businesses in the state. Franchised dealers in California paid or collected over $7 billion in federal, state, and local taxes on over $699 billion in taxable sales for 2004.
California franchised dealers sold an estimated 2,004,989 new cars in 2004 worth around $61.6 billion. Total new unit sales were 982,445 (49%) new cars and 1,022,544 (51%) new trucks. In 2004, the average California dealership delivered 1,227 new units.
