10.3 Million Jobs
A robust auto manufacturing sector is vital to a healthy U.S. economy. Autos drive America forward by supporting a total of 10.3 million American jobs, or about 8 percent of private-sector employment.
A robust auto manufacturing sector is vital to a healthy U.S. economy. Autos drive America forward by supporting a total of 10.3 million American jobs, or about 8 percent of private-sector employment.
The direct, indirect, and induced jobs supported by the auto industry lead to $650 billion in paychecks for millions of workers across the county.
Each job for an auto manufacturer in the United States creates nearly 11 other positions in industries across the economy.
U.S. sales remained high despite COVID-19 in 2020 with nearly 14 million units sold.
Light trucks (SUVs, CUVs, vans, pickups) continue to be popular. In 2020 light truck market share increased another 4.3 percent to 76.4 percent – breaking last year's record to be the highest in history. The upward trend in the popularity of light trucks over cars has been steady since 2013, when only 1.2 percent of market share separated the two segments; by the end of 2019, the divide has grown to 44 percent.
Auto manufacturing drives $1.1 trillion into the economy each year through the sales and servicing of autos and flows through the economy, from revenue to parts suppliers to paychecks for assembly plant workers, from income for auto-related small business to revenue for government.
More than $272 billion annually is contributed in the form of federal, state, and local tax revenues. This includes more than $70 billion in income taxes and $10 billion in corporate profits taxes.
Auto production remains the country's largest manufacturing sector, with 14 automakers operating 50 light vehicle assembly plants across 14 states.
The American-based auto industry is a vibrant player in today’s global economy. More countries are now importing auto-related products from the United States. Exports of cars and parts amounting to over $90 billion were shipped from U.S. ports in 2020 – 22 percent more than America exported just 15 years ago.
Today, the U.S. exports vehicles or parts to 213 Countries around the world.