<!-- wp:reyrey-js/section {"videoSrc":"","backgroundSrc":""} --><section class="wp-block-reyrey-js-section"><!-- wp:reyrey-js/row {"template":[["reyrey-js/column",{"layout":{"s":{"colSpan":4},"m":{"colSpan":6},"l":{"colSpan":12},"xl":{"colSpan":12}}}]],"gridLayoutValue":"100"} --><!-- wp:reyrey-js/column {"layout":{"s":{"colSpan":4},"m":{"colSpan":6},"l":{"colSpan":12},"xl":{"colSpan":12}}} --><div class="wp-block-reyrey-js-column"><!-- wp:reyrey-js/paragraph {"content":"The booming automotive retailing industry encompasses anything related to the sale and distribution of vehicles to consumers and businesses – from browsing available cars online to signing a contract in the office or buying a new part for your car."} --><div class="wp-block-reyrey-js-paragraph">The booming automotive retailing industry encompasses anything related to the sale and distribution of vehicles to consumers and businesses – from browsing available cars online to signing a contract in the office or buying a new part for your car.</div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"And maybe you know where Reynolds comes in … or maybe this is your first time checking us out. Either way, to sum up \u003ca href=\u0022https://life.reyrey.com/2023/03/26/inside-reynolds-and-reynolds-what-we…\u0022\u003ewhat we do\u003c/a\u003e, we develop and support software, business forms, and promotional items for these businesses – mainly car dealerships – around the world."} --><div class="wp-block-reyrey-js-paragraph">And maybe you know where Reynolds comes in … or maybe this is your first time checking us out. Either way, to sum up <a href="https://life.reyrey.com/2023/03/26/inside-reynolds-and-reynolds-what-we… we do</a>, we develop and support software, business forms, and promotional items for these businesses – mainly car dealerships – around the world.</div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"At the end of 2023, the National Automobile Dealers Association, or NADA, published its \u003ca href=\u0022https://www.nada.org/nada/nada-data\u0022\u003eNADA Data\u003c/a\u003e report, which covered the major milestones achieved by the automotive retailing industry throughout the year. We pulled some of the key statistics that stuck out to us and created a neat list for you to browse below."} --><div class="wp-block-reyrey-js-paragraph">At the end of 2023, the National Automobile Dealers Association, or NADA, published its <a href="https://www.nada.org/nada/nada-data">NADA Data</a> report, which covered the major milestones achieved by the automotive retailing industry throughout the year. We pulled some of the key statistics that stuck out to us and created a neat list for you to browse below.</div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"\u003cem\u003eA quick note: The Environmental Protection Agency defines a light-duty vehicle as “any vehicle with a total weight equal to or less than \u003cstrong\u003e4.25 tons\u003c/strong\u003e.” So, the numbers below won’t include any vehicles bigger than a standard minivan or pickup truck. For our purposes, we’ll refer to them as “cars”. Let’s dive in!\u003c/em\u003e"} --><div class="wp-block-reyrey-js-paragraph"><em>A quick note: The Environmental Protection Agency defines a light-duty vehicle as “any vehicle with a total weight equal to or less than <strong>4.25 tons</strong>.” So, the numbers below won’t include any vehicles bigger than a standard minivan or pickup truck. For our purposes, we’ll refer to them as “cars”. Let’s dive in!</em></div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"\u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003eIn 2023:\u003c/span\u003e"} --><div class="wp-block-reyrey-js-paragraph"><span class="RR-Font-Weight Bold">In 2023:</span></div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/list {"ordered":false} --><ul class="List-Container undefined"><!-- wp:reyrey-js/list-item {"content":"The nation’s \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e16,835\u003c/span\u003e franchised dealers sold a combined \u003cstrong\u003e5 million\u003c/strong\u003e new cars."} --><li class="wp-block-reyrey-js-list-item"><div>The nation’s <span class="RR-Font-Weight Bold">16,835</span> franchised dealers sold a combined <strong>5 million</strong> new cars.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"Total car sales topped \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e$1.2 trillion\u003c/span\u003e."} --><li class="wp-block-reyrey-js-list-item"><div>Total car sales topped <span class="RR-Font-Weight Bold">$1.2 trillion</span>.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"The average new car dealership brought in \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e$71.7 million\u003c/span\u003e in total sales."} --><li class="wp-block-reyrey-js-list-item"><div>The average new car dealership brought in <span class="RR-Font-Weight Bold">$71.7 million</span> in total sales.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"\u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e90%\u003c/span\u003e of American households own at least one car, and \u003cstrong\u003e55%\u003c/strong\u003e of these cars were purchased at a dealership."} --><li class="wp-block-reyrey-js-list-item"><div><span class="RR-Font-Weight Bold">90%</span> of American households own at least one car, and <strong>55%</strong> of these cars were purchased at a dealership.</div></li><!-- /wp:reyrey-js/list-item --></ul><!-- /wp:reyrey-js/list --><!-- wp:reyrey-js/image {"mid":"7438"} --><div class="wp-block-reyrey-js-image"></div><!-- /wp:reyrey-js/image --><!-- wp:reyrey-js/paragraph {"content":"\u003ca href=\u0022https://life-stage.reyrey.com/wp-content/uploads/2024/07/AutoIndustryNu…\u0022\u003e\u003c/a\u003e"} --><div class="wp-block-reyrey-js-paragraph"><a href="https://life-stage.reyrey.com/wp-content/uploads/2024/07/AutoIndustryNu…;!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/list {"ordered":false} --><ul class="List-Container undefined"><!-- wp:reyrey-js/list-item {"content":"The average dealership sold \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e918\u003c/span\u003e new cars with an average retail selling price of \u003cstrong\u003e$47,014\u003c/strong\u003e per car."} --><li class="wp-block-reyrey-js-list-item"><div>The average dealership sold <span class="RR-Font-Weight Bold">918</span> new cars with an average retail selling price of <strong>$47,014</strong> per car.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"Of all used cars sold by dealerships, \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e6%\u003c/span\u003e of them were acquired by customers trading them in for new vehicles on their lot."} --><li class="wp-block-reyrey-js-list-item"><div>Of all used cars sold by dealerships, <span class="RR-Font-Weight Bold">6%</span> of them were acquired by customers trading them in for new vehicles on their lot.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"In total, dealerships spent \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e$8.9 billion\u003c/span\u003e on advertising."} --><li class="wp-block-reyrey-js-list-item"><div>In total, dealerships spent <span class="RR-Font-Weight Bold">$8.9 billion</span> on advertising.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"Dealerships wrote more than \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e264 million\u003c/span\u003e repair orders, with service and parts sales exceeding \u003cstrong\u003e$142 billion\u003c/strong\u003e in revenue."} --><li class="wp-block-reyrey-js-list-item"><div>Dealerships wrote more than <span class="RR-Font-Weight Bold">264 million</span> repair orders, with service and parts sales exceeding <strong>$142 billion</strong> in revenue.</div></li><!-- /wp:reyrey-js/list-item --><!-- wp:reyrey-js/list-item {"content":"Dealerships employed \u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003e1,100,650\u003c/span\u003e individuals, averaging \u003cstrong\u003e63\u003c/strong\u003e employees each."} --><li class="wp-block-reyrey-js-list-item"><div>Dealerships employed <span class="RR-Font-Weight Bold">1,100,650</span> individuals, averaging <strong>63</strong> employees each.</div></li><!-- /wp:reyrey-js/list-item --></ul><!-- /wp:reyrey-js/list --><!-- wp:reyrey-js/image {"mid":"7439"} --><div class="wp-block-reyrey-js-image"></div><!-- /wp:reyrey-js/image --><!-- wp:reyrey-js/paragraph {"content":"\u003ca href=\u0022https://life-stage.reyrey.com/wp-content/uploads/2024/07/AutoIndustryNu…\u0022\u003e\u003c/a\u003e"} --><div class="wp-block-reyrey-js-paragraph"><a href="https://life-stage.reyrey.com/wp-content/uploads/2024/07/AutoIndustryNu…;!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"The automotive retailing industry continues to play a vital role in the global economy with remarkable achievements in 2023, and the second half of 2024 shows no signs of slowing down. As we look ahead, Reynolds remains committed to driving innovation and excellence in the automotive retailing landscape, ensuring that we equip our partners to succeed in this evolving market."} --><div class="wp-block-reyrey-js-paragraph">The automotive retailing industry continues to play a vital role in the global economy with remarkable achievements in 2023, and the second half of 2024 shows no signs of slowing down. As we look ahead, Reynolds remains committed to driving innovation and excellence in the automotive retailing landscape, ensuring that we equip our partners to succeed in this evolving market.</div><!-- /wp:reyrey-js/paragraph --><!-- wp:reyrey-js/paragraph {"content":"Ready to join the growing automotive industry? Get started by checking out available positions with Reynolds \u003ca href=\u0022https://www.reyrey.com/company/careers/job-openings\u0022\u003ehere\u003c/a\u003e."} --><div class="wp-block-reyrey-js-paragraph">Ready to join the growing automotive industry? Get started by checking out available positions with Reynolds <a href="https://www.reyrey.com/company/careers/job-openings">here</a>.</div><!-- /wp:reyrey-js/paragraph --></div><!-- /wp:reyrey-js/column --><!-- /wp:reyrey-js/row --></section><!-- /wp:reyrey-js/section -->