FOR IMMEDIATE RELEASE
March 29, 2018
Vancouver, B.C. – As the 98th annual Vancouver Auto Show serves once again to capture the attention of thousands of car and truck lovers, a new study commissioned by the New Car Dealers Association of BC underlines the significant impact of the industry on employment and to the provincial economy.
The report entitled Economic Impact of Members of the New Car Dealers Association of BC in 2017 and prepared by MNP, reveals:
• The sector generated over $16 Billion in retail sales in BC, an increase of 85 per cent since 2010.
• Between 2010 and 2017, the number of new vehicles sold in BC increased by 51 per cent – from approximately 157,000 units to 237,000.
• BCs New Car Dealers contributed $2.9 Billion of total GDP into BC in 2017 while generating $675 million in total revenue to all three levels of government.
