City to Drive New Car Dealers Back to L.A. With Big Tax Break

Twenty-five years ago, there were 147 new auto dealers in Los Angeles. Today there are only 52.

New car dealerships won a tax break Tuesday under a City Council plan to wrest sales from neighboring cities.

“We’ve been out of the city of Los Angeles for many years,” said Councilman Mitch Englander.

Last year, dealerships generated $3.6 million in gross receipts taxes for Los Angeles. With the tax break, city officials believe more dealerships will move into the city, yielding $5.4 million in sales tax, according to KPCC

Twenty-five years ago, there were 147 new auto dealers in Los Angeles. Today there are only 52.

Read the whole story here.

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Jesse William Fuller July 03, 2012 at 10:32 PM
More cars are the last thing we need in LA. Shouldn't we be incentivizing businesses where more money stays local? How much of the price of a car stay here? I'm willing to bet it isn't very much. Not to mention the gas you need to run a car. All that money goes to some foreign land. This is bad news.


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