The Barrett-Jackson auto show is one of the biggest yearly events in the state of Arizona and the influence the event has on the state’s economy is notable according to the Phoenix Business Journal.
A study paid for by Barrett-Jackson and the city of Scottsdale revealed the economic impact of the show to be $167.8 million dollars. That’s nearly a $70 million jump since the last study was done on the event 10 years ago.
“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.
The event creates 1,437 direct and indirect jobs and had roughly 350,000 attendees this year. While the event did receive praise from the mayor, it does fall short by over $500 million to the impact of the Super Bowl, which totals at $719 million overall for the state.