New Car Dealers Economic Impact New Jersey’s franchised dealers are the engine driving the state’s economy, as you can see by the following data. DEALERSHIP CONTRIBUTIONS TO STATEWIDE RETAIL EMPLOYMENT — 2021, 2022, AND 2023 Years 2021 2022 2023 Rate of Change between 2022 & 2023 Total employment resulting from auto dealerships 70,445 71,780 72,750 1.4% Total retail employment in the state 429,000 436,000 43,700 -0.5% Total dealership percentage of retail statewide 16.4% 16.5% 16.8% STATE & LOCAL TAXES COLLECTED/PAID BY DEALERSHIPS — 2021, 2022, AND 2023 Years 2021 2022 2023 Rate of Change between 2022 & 2023 State Sales Tax $1,695,000,000 $1,700,000,000 $1,795,000,000 5.6% State & Local Payroll Taxes $169,000,000 $207,500,000 $202,500,000 -2.4% Real Estate & Other Local Taxes $103,500,000 $105,000,000 $109,500,000 4.3% Total Dealership State & Local Tax Revenue $1,967,500,000 $2,012,500,000 $2,107,000,000 4.7% DEALERSHIP SALES SUMMARY — 2021, 2022, AND 2023 Years 2021 2022 2023 Rate of Change between 2022 & 2023 Average Dealership Sales $81,600,000 $80,200,000 $85,700,000 6.9% Total Automotive Retailing Sales in New Jersey $40,800,000,000 $40,100,000,000 $42,850,000,000 6.9% 28 NEW JERSEY auto retailer
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