How Mississippi’s New-Car Dealers Drive Our State’s Economy in Olive Branch, MS

How Mississippi’s New-Car Dealers Drive Our State’s Economy

Homer Skelton Hyundai's Blog | How Mississippi’s New-Car Dealers Drive Our State’s Economy

When people think about car dealerships, they often picture test drives, showrooms, and shiny new vehicles. But the impact of Mississippi’s new-car dealers goes far beyond the sales floor—it’s a powerful engine for the state’s economy.

 

According to 2024 data from the National Automobile Dealers Association (NADA), new-car dealerships in Mississippi are making a major impact across jobs, tax revenue, and local business growth. Here’s a look at just how far that influence stretches:

 

 

🚗 214 Dealerships. Thousands of Jobs.

 

 

Mississippi is home to 214 new-car dealerships, which together create over 19,000 jobs across the state. That includes:

 

  • 8,708 direct jobs at dealerships
  • 10,617 indirect and induced jobs supporting local suppliers, service providers, and community businesses

 

 

With an average of 48 employees per dealership, each store is a vital contributor to its local economy.

 

 

💵 Strong Payroll. Stronger Communities.

 

 

These jobs don’t just offer employment—they help anchor the local economy. Mississippi dealerships generate $583 million in statewide payroll, providing thousands of families with stability and opportunity.

 

 

💸 Millions in Tax Revenue

 

 

Mississippi’s dealerships also deliver a massive return to the state:

 

  • $458 million in state sales tax paid
  • $166 million in state and federal income taxes paid

 

 

That’s money that supports schools, infrastructure, law enforcement, and essential public services. It’s a vital part of how our state grows.

 

 

📈 A Slice of the National Market

 

 

Mississippi represents 0.7% of all U.S. new-vehicle registrations—a modest but meaningful share in the national automotive landscape. And with $8.7 billion in total sales, the state’s dealerships are keeping the wheels turning.

 

 

 

 

At Homer Skelton Hyundai, We’re Proud to Be Part of This Story

 

 

As a locally owned dealership, we’re not just selling cars—we’re creating jobs, investing in families, and giving back to our community. Whether you’re buying your first vehicle or your next family SUV, you’re supporting a network that helps Mississippi thrive.

 

And with Express Buying, we make it easy to shop with confidence. Transparent pricing. No hassle. No pressure. Just a faster, better car-buying experience built for you.

 

 

 

Thank you for supporting Mississippi dealers—and thank you for choosing us.

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