Barrett-Jackson generates $168M economic impact for Arizona

The auto show is one of the largest events in the state, and now the numbers back that up.

The Barrett-Jackson auto show is one of the largest and most notable events in the state.

The 45th auto show that occurred earlier this year had the best and largest selection of cars, according to owner Craig Jackson, with somewhere around 1,540 autos going on the auction block, including a one-of-a-kind Acura, classic GM muscle cars, and two vehicles from the “Transformers” film franchise.

It was also the first time in 10 years that a study was conducted to look at the economic impact of the auto show, which Jackson said has “helped get a good reputation for the state.”

The last economic impact study found that the event had $100 million in direct spending, and since then the numbers have continued to go up.

According to the study, paid for by Barrett-Jackson and the city of Scottsdale and prepared by Elliott D. Pollack & Co., this year’s economic impact was $167.8 million, an increase of almost $70 million over the past 10 years.

The almost $170 million economic impact is similar to the amount that Arizona’s tourism industry generated for the state in 1980-1981, or the annual economic impact of bioscience research organization TGen.

This year’s event drew around 350,000 attendees from all 50 states and 15 countries, and generated over $6 million each year in tax revenue for the state of Arizona and nearly $2 million for Scottsdale’s coffers.

The event also created 1,437 direct and indirect jobs in a variety of fields such as construction, operations and associated tourism activities.

“We love having the Super Bowl in the Valley, but Scottsdale is blessed to have the ‘Super Bowl’ of car auctions every year with Barrett-Jackson and the substantial positive economic impact they bring to our community,” said Scottsdale Mayor W.J. “Jim” Lane in a statement.

Super Bowl XLIX — the most recent Super Bowl to come to the Valley — generated $295 million in direct spending and a $719 million overall impact for the state and Valley.

Source: Barrett-Jackson generates $168M economic impact for Arizona – Phoenix Business Journal

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