NADA’s recently released state-by-state retail data shows the auto industry’s impact on the overall U.S. economy, including employment and payroll figures, tax data and more.
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Based on 2020 data, Michigan dealerships created 70,725 total jobs (which includes induced jobs) and supported a $2.1 billion payroll. This includes $575 million paid toward state and federal income taxes (based on direct, indirect and induced jobs). Michigan accounted for 3.9 percent of total U.S. new-vehicle registrations, and $2.3 billion in state sales tax paid! |
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