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Payroll for the additional 19,562 positions resulting Average Number of Dealership new vehicle retailing industry was from indirect economic impact. This Employees by Department-2008 over $1.89 billion, with the total total represented 12.2% of total retail (including indirect impact) employment in the State. Dealership exceeding $2.44 billion. Total employment is predicted to decline employee compensation is significantly from 2007 to 2009, predicted to decline 28.6% from however, with total employment 2007 to 2009. (including both direct and indirect sources) falling 26.8%. The average dealership employed 67 individuals in 2007 and 63 in 2008. Per dealership employment is predicted to decline to 59 in 2009. Employment Total for New Vehicle Retailing Industry-2008 Employee Compensation (Direct: at dealerships; Indirect: elsewhere in economy) 2007 2008 2009 % Change Projected 07-'09 Indirect Total Payroll for AVERAGE Dealership $3,356,000 $3,290,000 $2,900,000 -13.6% 19,562 Total Number of Franchised Dealerships x 634 x 575 x 525 -17.2% Total Employee Compensation at Dealerships $2,127,704,000 $1,891,750,000 $1,522,500,000 -28.4% Additional Indirect Employee Compensation Direct Resulting from Dealership Operations + $623,417,272 + $548,607,500 + $441,525,000 -29.2% 36,225 7RWDO(PSOR\HH&RPSHQVDWLRQ 1HZ-HUVH\5HVLGHQWVIURPWKH )UDQFKLVHG'HDOHUVKLS,QGXVWU\ Dealerships’ Contribution to Statewide Retail Employment 2007 thru 2009 2007 2008 2009 % Change Projected 07-'09 Total Employment Resulting from Auto Dealerships 65,204 55,787 47,702 -26.8% Total Retail Employment in the State 472,300 457,500 410,000 -13.2% 'HDOHUVKLSV·RI5HWDLO6WDWHZLGH7RWDO Tax Revenue Advertising Automobile delaerships collected New franchised automobile or paid a total of over $1.25 dealerships spent a total of over $366 million on billion in State and local taxes State and Local Taxes Collected during 2008. State sales tax and/or Paid by Dealerships advertising during 2008, down revenue exceeded $1.08 billion. 11.1% from 2007. Internet Real Estate and Federal tax revenue generated by Other Local advertising accounted for the $58,650,000 dealerships exceeded $609 State and Local largest percentage of Payroll million. Total dealership State and $114,425,000 dealership advertising local tax revenue (collected or expense (31%), up from 19% paid) declined 10% from 2007 to in 2007. 2008. The two-year decline (2007 to 2009) is projected to be 26.2% State Sales $1,084,162,500 State and Local Taxes Collected and/or Percentage of Dealership Advertising Expense by Media Paid by Dealerships - 2007 thru 2009 2007 2008 2009 % Change Radio Projected 07-'09 9% Other State Sales Tax $1,202,581,344 $1,084,162,500 $880,000,000 -26.8% Direct Mail 6% State and Local Payroll Taxes $131,917,648 $114,425,000 $96,100,000 -27.2% Real Estate and Other Local Taxes $62,449,000 $58,650,000 $55,000,000 -11.9% 13% 7RWDO6WDWHDQG/RFDO7D[5HYHQXH Television Internet 14% 31% Federal Tax Summary - 2007 thru 2009 2007 2008 2009 % Change Projected 07-'09