Economic Impact
In 2024 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 | 800 |
New Vehicles Sold | 563,000 |
New Vehicle Sales | $25.8 billion |
Total Retail Sales | $49.6 billion |
Tax Impact | |
Sales Tax Generated | $2.1 billion |
Represents approx. 15.1% of total sales tax collected in Ohio | |
Commercial Activity Tax Paid | $113.9 million |
Real Estate Tax Paid | $71.7 million |
Payroll Tax Paid | $860.3 million |
Employment | |
Dealership Employees | 54,000 |
Annual Payroll | $3.9 billion |
Advertising | |
Annual Investment | $508 million |
Charitable Contributions | |
Annual Investment | $28.4 million |
The Average Franchised New Vehicle Dealership in Ohio...
- Generates $61.5 million in total retail sales
- Generates $32 million in new vehicle sales
- Employs 67 people
- Pays $4.8 million in employee wages
- Collects and pays $2.7 million in state sales tax
- Pays $1 million in payroll taxes
- Pays $88,859 in real estate taxes
- Pays $141,286 in Commercial Activity Tax
- Spends $630,556 on advertising
- Donates $35,250 to charity