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Economic Insights

See Auto Industry Impacts at the National, State, and Congressional District levels.

Every State is an Auto State

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State Facts

Autos Drive Alaska Forward

Industry Impact

12K
12 Thousand total auto jobs in Alaska
2.65%
2.65% depend on the auto industry for jobs
$704.3M
Total Labor Income Annually
$882M
Total Car Sales in 2018
26.5K
Total New Cars Sold in 2018
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2018 data year; compiled by Auto Alliance with data provided by IHS Markit, sales figures represent new vehicle registrations between January 1, 2018 - December 31, 2018.

Tax Revenue

$32.5M
total state tax revenue
2.00%
% of state tax revenue
$83.4M
vehicle use taxes (including gas taxes), licenses and fees
$1.6M
corporate profits tax

Registrations

607.1K
Registered

By Body Style

  • Cars 155,522 (25.62%)
  • CUVs 110,714 (18.24%)
  • SUVs 94,648 (15.59%)
  • Pickups 206,532 (34.02%)
  • Vans/Minivans 39,636 (6.53%)

By Powertrain

  • Gas 559,016 (92.09%)
  • Diesel 41,788 (6.88%)
  • Hybrid 5,422 (0.89%)
  • Electric 528 (0.09%)
  • Plug-In Hybrid 298 (0.05%)
The Alaska average age of vehicles is 13.76 years.

Figures compiled by Alliance for Automotive Innovation with data provided by IHS Markit as of December 31, 2018.

New Purchases

26.5K
Vehicles Sold

By Body Style

  • Cars 5,176 (19.57%)
  • CUVs 9,397 (35.52%)
  • SUVs 2,890 (10.93%)
  • Pickups 7,452 (28.17%)
  • Vans/Minivans 1,537 (5.81%)

By Powertrain

  • Gas 24,195 (91.47%)
  • Diesel 1,715 (6.48%)
  • Hybrid 387 (1.46%)
  • Electric 98 (0.37%)
  • Plug-In Hybrid 57 (0.22%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 248.5M 248.5 Million Total Imports
  • 453.6M 453.6 Million Total Imports

Economic Activity from 2018

  • 37.8M 37.8 Million Total Imports
  • 45.2M 45.2 Million Total Imports

Compiled by the Alliance for Automotive Innovation with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2018 - December 31, 2018.

Fueling

  • Gasoline Stations 348
  • Electric Charging Stations 16
  • Compressed Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 6

Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling stations as of April 9, 2019.

Consumers
$33.3K
Average MSRP Per New Car
$73.2K
Median Household Income
$6.1K
Median Monthly Household Income
$507.79
Median Monthly New Car Payment
8.33%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (69%)
  • Carpool to Work (11%)
  • Take Public Transportation (1%)
  • Other (17%)

Figures compiled by Alliance for Automotive Innovation with data provided by IHS Markit, U.S. Census Bureau’s American Community Survey 2017 and Federal Reserve Bank of St. Louis. Median Monthly New Car Payment computed for a 60-month loan based on MSRP with 20% down and an APR of 5.36%.