Pub. 1 Issue 1

2011 LOS ANGELES COUNTY FRANCHISED NEW VEHICLE DEALERSHIPS ECONOMIC IMPACT REPORT (2010 - 2011 Percent Change) 2011 ESTIMATES 2010 ESTIMATES PERCENT CHANGE '10 - '11 PER DEALER INDUSTRY PER DEALER INDUSTRY Average number of franchises at dealership 1.6 1.6 1.7 1.7 -.6% Full time employees 111 29,748 107 28,676 4% Part time employees 6 1,608 6 1,608 0% Total Payroll $5,970,000 $1,599,960,000 $5,430,000 $1,455,240,000 10% % of dealerships that provide access to health insurance for employees and dependents 95% 95% 98% 98% -.3% Workers' compensation premiums per employee $1,234 $1,234 $1,262 $1,262 -.2% Workers' compensation premiums paid $137,000 $36,716,000 $135,000 $36,180,000 1% New units 1,230 329,640 1,100 294,800 12% Used units 650 174,200 650 174,200 0% New vehicle sales $'s $46,700,000 $12,515,600,000 $40,400,000 $10,827,200,000 16% Average $'s per new vehicle sold $37,967 $37,967 $36,727 $36,727 3% Used vehicle sales $'s $15,500,000 $4,154,000,000 $12,820,000 $3,435,760,000 21% Average $'s per used vehicle sold $23,846 $23,846 $19,723 $19,723 21% Service Department Sales $4,200,000 $1,125,600,000 $3,993,000 $1,070,124,000 5% Parts and Accessories Sales $6,500,000 $1,742,000,000 $6,190,000 $1,658,920,000 5% F & I Department $2,400,000 $643,200,000 $2,337,000 $626,316,000 3% Other Departments $1,600,000 $428,800,000 $1,560,000 $418,080,000 3% Total Dealership sales $76,900,000 $20,609,200,000 $67,300,000 $18,036,400,000 14% Federal Payroll Taxes $1,530,000 $410,040,000 $1,310,000 $351,080,000 17% State Payroll Taxes $430,000 $115,240,000 $400,000 $107,200,000 8% Real estate taxes $125,000 $33,500,000 $122,000 $32,696,000 2% State sales tax $4,300,000 $1,152,400,000 $3,883,000 $1,040,644,000 11% Other state and local business taxes and fees $86,000 $23,048,000 $85,000 $22,780,000 1% Personal and dealership contributions to charitable and civic organizations $40,000 $10,720,000 $42,000 $11,256,000 -5% Advertising Expenditures $740,000 $198,320,000 $707,000 $189,476,000 5% Radio 9.80% 9.8% 13.5% 13.5% -.4% Mail 12.80% 12.8% 11.3% 11.3% 1% TV 15.40% 15.4% 14.7% 14.7% 1% Paper 16.60% 16.6% 24.6% 24.6% -.8% Other 18.40% 18.4% 12.0% 12.0% 6% Internet 27.00% 27.0% 23.8% 23.8% 3% Total spent for products and services from other California businesses $2,750,000 $737,000,000 $2,137,000 $572,716,000 29% 17