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2017 Shows Major Losses and Gains in Total Number of Cars Sold

May 9, 2018 0 Comments

The automotive industry is growing with the amount employees working at dealerships. At the end of 2017 dealerships across the country employed 1.1 million people. By the end of 2018, according to the recently released yearly report by National Automobile Dealers Association (NADA), that number will grow to an all time high.

Employees aren’t the only growing number at american dealerships. The average dealership is selling a record breaking amount of service and parts at 6.7 million each, totaling 114.15 billion nationwide. Service and parts sales have been on the rise since 2010 when the total was just over 70 billion.

New light-vehicle sales topped one trillion dollars in 2017 and more than 16 thousand new dealerships opened. To get to that 1 trillion dollar total, the franchised dealerships sold 17.14 million cars (which is down from 17.6 million cars sold in 2016).

California stole the show when it comes to many different stats. The sunshine state came in first selling 119-billion dollars in light-vehicles. And on average each dealership sold about 89-million dollars worth of new light-vehicles. California also had the highest number of new dealerships open at 1,333.

Wyoming came in last when it comes to the dollar amount of sold cars at 1.5-billion. Alaska had the least amount of dealerships open at 29, and came in second to last in total car sales at 1.6-billion.

NADA’s 2018 half year report will be available later this year.

To see the more highlights of the 2017 automotive industry, click here: 2017 NADA Data Press

 

 

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