MIGHTY ECONOMIC ENGINE Study shows region’s auto dealers pump $2.3B annually in sales into economy and provide 3,300 full-time jobs., from Lehigh Valley Business.
Car sales are soaring and expected to get even better.
The result is that sales and employment in the region each jumped by about 30 percent in a study that has the Greater Lehigh Valley Auto Dealers Association beaming brighter than the headlights of a 2015 sports car.
“The industry is booming; the love for cars is back,” said Tom Kwiatek, executive director of the trade group that represents 56 dealers and had about $2.3 billion in sales last year.
From new auto-dealership construction and renovations to the rise of billboards along highways touting the latest vehicles at local showrooms, the auto industry’s economic impact is far-reaching – and signs are evident that it’s gaining traction.
The study, commissioned by the Fogelsville-based trade group, discloses estimates of direct and indirect employment, tax collections and personal income generated by area franchised auto dealerships.