Number of Dealerships Rises in 2022

According to Automotive News’ annual dealership census, the number of U.S. dealerships increased 0.4% last year.   The number of exclusive dealerships rose 1.6%, and the number of import-badged exclusive dealerships grew by 2%.  Hyundai added 80 stores, Mazda added 21, and Kia and Mitsubishi each added more than 10.

In terms of throughput, Toyota ranked number 1 with 1,494 vehicles sold per franchise.  Cadillac dealers sold 240 new vehicles per franchise, up 45% year-over-year for the industry’s largest percentage gain.

The census also reported that new-vehicle sales per franchise fell 8.8% as a result of inventory challenges and other factors.