P r o m o t e d C o n t e n t
The MNP's study of the economic
impacts of
NCDABC members was released
last October. In addition to the numbers
already mentioned,
MNP found that of the
$10.7 billion in 2013 retail sales, $6.7 billion
was for new cars and $4 billion was for
used ones, parts, accessories and other
services.
The industry is remarkably resilient,
according to the
MNP findings: new car
sales by dealerships declined following the
2008-09 recession (reflected in decreased
operating revenues from $10.9 billion in
2007 to $8.5 billion in 2009), but vehicle
sales have since fully bounced back to
pre-recession levels (for the record, about
193,798 vehicles were sold by new car
dealers in B.C. in 2014).
There's more good news. Spending
by Association members generates
$378 million in annual revenues to
the federal, provincial and municipal
governments. Better still are the spinoff
benefits generated by members, such as
the creation of business partnerships;
training opportunities for new workers; the
creation of visitor and tourism events (such
as the annual Vancouver International
Auto Show, now in its 95th year);
community support; and sponsorship of
Special Olympics BC, which over the past
30 years has raised over $4.2 million for
the organization.
But how does all this compare with
other B.C. industries? Again, the MNP's
findings are startling. For example, the
n e w c A r d e A l e r s A s s o c i A t i o n o f b c
NCDa
(all
iMaGES)
(Clockwise from top): The Vancouver
international auto Show; with a sweep of
retirement coming in the automotive industry,
opportunities for young people abound. B.C's
diverse automotive sector will need up to
16,000 new hires in the next decade; Rhys
Sutcliffe, CarCareerBC Grant Recipient.
