Economic Impact
In 2022 OADA conducted a statewide survey of Ohio dealer members and the tremendous impact they have on their local communities and the state of Ohio's economy; the results were staggering:
Dealership Sales | |
Number of New Vehicle Dealerships | 803 |
New Vehicles Sold | 521,000 |
New Vehicle Sales | $23.8 billion |
Total Retail Sales | $47 billion |
Tax Impact | |
Sales Tax Generated | $2 billion |
Represents approx. 16.2% of total sales tax collected in Ohio | |
Commercial Activity Tax Paid | $116.6 million |
Real Estate Tax Paid | $81.3 million |
Payroll Tax Paid | $1 billion |
Employment | |
Dealership Employees | 55,000 |
Annual Payroll | $4.5 billion |
Advertising | |
Annual Investment | $474 million |
Charitable Contributions | |
Annual Investment | $32 million |
The Average Franchised New Vehicle Dealership in Ohio...
- Generates $59.6 million in total retail sales
- Generates $30.2 million in new vehicle sales
- Employs 70 people
- Pays $5.7 million in employee wages
- Collects and pays $2.7 million in state sales tax
- Pays $1.3 million in payroll taxes
- Pays $103,020 in real estate taxes
- Pays $147,780 in Commercial Activity Tax
- Spends $601,192 on advertising
- Donates $40,709 to charity