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Employee compensation and productivity at new-car dealerships increased across all job positions in 2014, according to a new report released today by NADA. In 2014, the median weekly income for all employees at new-car dealerships increased 5.1 percent to $1,026. On average, dealership employees earned nearly 29 percent more than employees in the private-sector workforce, according to a comparison of dealership salaries and 2014 fourth-quarter median weekly earnings of all U.S. employees, as compiled by the Bureau of Labor Statistics.
“The bottom line is that new-car dealerships offer well-paying jobs with benefits,” said NADA Chief Economist Steven Szakaly. “Jobs at new-car dealerships have continued to outpace average U.S. wages, and are some of the best-paying jobs available. This highlights the importance of the retail-auto industry to U.S. job growth, and how critical new-car dealerships have become in their communities across the country in providing high-paying, stable employment opportunities following the recession.”
In addition to national and regional data on dealership compensation, the 2015 Dealership Workforce Study report, Automotive Retail: National & Regional Trends in Compensation, Benefits & Retention, includes data on retention and turnover for 60 dealership job positions, as well as information on employee benefits, hours of operation and work schedules.
The fourth annual Dealership Workforce Study report was prepared for NADA by the research firm ESI Trends, which conducted the study and analyzed 2014 data. The report is designed to help dealers recruit, hire and retain employees. The enrollment period to participate in the 2016 study opens on Dec. 16, 2015. For more information or to participate in the next study, visit www.nadaworkforcestudy.com.