Pub. 2 Issue 4

2014 Review of Los Angeles County New Car Dealers Economic Impact Average Los Angeles Area Dealership Sales New Vehicle Sales $60,908,000.00 Used Vehicle Sales $16,999,000.00 Service and Parts sales $11,162,000.00 Other Departments $4,540,000.00 Total Dollar Sales $93,609,000.00 Total New Units 1,660 Total Used Units 988 Total Vehicles Sold 2,648 Employees Total Full-Time Employees 110 Total Part-Time Employees 5 Total Employees 115 Total Wages $6,435,000.00 %Providing Health for Employee and Dependents 94.00% Total Wages and Personnel Benefits $6,435,000.00 Expenses Advertising $860,000.00 TotalSpentforProductsandServicesfromotherCaliforniaBusinesses $2,920,000.00 Total Expense $3,780,000.00 Taxes Total State Payroll Taxes $450,000.00 Total Federal Payroll Taxes $1,673,000.00 Total Employee Taxes $2,123,000.00 Sales Tax Collected $5,617,000.00 Property Taxes $131,000.00 Total Taxes (paid or collected) $5,748,000.00 Total tax revenue generated by dealerships in district Other Fees State and Local Business Taxes and Fees $90,000.00 Charitable Contributions $44,000.00 8 Did you Know? 1. The Average New Car Dealership in Los Angeles County Has 110 Full Time Employees! 2. That 94% of all New Car Dealerships in Los Angeles County provide Access to Health Insurance for Employees and their Dependents! 3. That 15% of all Sales Tax in the State of California is collected by New Car dealers and amounts to over $1.57 Billion Dollars! 4. That New Car Dealerships made personal and business contri- butions to Charities, Non Profits, and Civic Organizations in excess of $12.7 Million Dollars! New Car Dealers continue to provide jobs in the areas they live and do business in, generate rev- enue that funds local and state governments, and give back in the communities to organizations that need support!