DETROIT — Dealerships in the U.S. are ready to celebrate a major milestone.
The average number of new-vehicle sales per dealership in the U.S. is heading toward another record in 2015 at 945 units per store based on an expected U.S. sales rate of 17.1 million vehicles.
"This all-time high will mark the fourth straight year the U.S. dealership network set a new throughput record," according to the 2015 midyear Automotive Franchise Activity Report.
The average number of new-vehicle sales per dealership in 2014 was 921 units.
The study also showed a slight increase in the number of auto dealerships in the U.S. since the end of 2014.
As of July 1, 2015, there were 18,011 dealerships here, a 0.3 percent increase from the December 31, 2014 total of 17,953.
The number of brands — called franchises in the industry — a dealership sells also increased slightly from 31,609 on December 31, 2014 to 31,714 as of July 1, 2015.
The number of dealerships is on the rise in several states. The states with the largest increases in dealerships are California, Florida, Iowa, Maryland, Michigan, Texas and Virginia.
Edmunds says: Kudos to U.S. dealerships on this notable achievement.