2025 Pub. 24 Issue 2

SALES New Jersey’s 520+ franchised new car and truck dealerships represent a $45.4 BILLION industry in New Jersey. EV MARKET Battery electric vehicles account for nearly 12% of New Jersey’s new vehicle sales. TAXES New Jersey’s 520+ franchised new car and truck dealerships collect nearly $2.2 BILLION in state and local taxes. This revenue brought in by the industry is critical to the State’s budget. 33 NEW JERSEY auto retailer

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