Economic Impact of Auto Dealers
Fiscal Year 2007
- In Michigan, new car dealership sales exceeded $24 billion. (1)
- Michigan new car dealerships employed more than 36,000 full-time employees with $1.89 billion of payroll. (2)
- The automotive retail sector remitted the largest share of Michigan sales tax revenue and the third largest share of MIchigan use tax revenue by industry. (3)
- Michigan sales tax revenue collected by dealers exceeded $1.7 billion; and use tax revenue exceeded $200 million. (4)
- The automotive retail sector collected and remitted approximately 27 percent of all sales tax and approximately 15 percent of all use tax paid to the State. (5)
- Michigan sales tax revenue is dedicated mostly to the state School Aid Fund (73.3 percent) and local government revenue sharing (24.2 percent). Michigan use tax revenue is dedicated to the General Fund (66.7 percent) and School Aid Fund (33.3 percent). (6)
- Michigan Sales Tax Revenue by Retail Sector Fiscal Year 1991 to Fiscal Year 2001
- Share of Sales Tax Revenue by Retail Sector Fiscal Year 1991 to Fiscal Year 2001
- Michigan Use Tax Revenue by Various Sectors Fiscal Year 1991 to Fiscal Year 2001
- Share of Use Tax Revenue by Various Sectors Fiscal Year 1991 to Fiscal Year 2001
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1. NADA DATA, AutoExec, May 2008, at 48.
2. Id. at 56-57.
3. Michigan's Sales and Use Taxes 2007, Tax Analysis Division, Office of Revenue and Tax Analysis, Michigan Department of Treasury, July 2008, at 23, 28.
4. Id. at 22, 27.
5. Id at 23, 28.
6. Id at 1.