The City’s 3rd quarter 2013 sales tax revenues continue to show strong growth largely in part to retail sales in the New Motor Vehicle Sector. With new Fairfield Auto Mall dealerships like Chrysler, Dodge, Jeep, RAM and the continued growth of existing dealerships like Fairfield Ford and Mercedes, new auto sales showed a 35.5% increase compared to the same time last year. The used automotive sales also posted strong growth numbers particularly attributed to the opening of the new CarMax dealership.
Fairfield’s 3rd quarter overall sales were up 4.5% compared to 4.3% for all of Solano County. Although Fairfield’s overall sales are doing better compared to other Solano County cities, it is still lagging compared to the rest of the Bay Area which posted a growth of 5.6%.
With the strong numbers, Fairfield is showing great resilience coming out of the recession. With its strong economic development efforts, Fairfield expects to grow not only its retail but its office and industrial sectors and continue to attract new sales tax generators to the City. As a matter of fact, Fairfield will be announcing two new businesses that will be joining its ever growing number of businesses very soon, so stay tuned!