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 Arkansas Forward

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49,008
49,008 Total Auto Jobs in Arkansas
2.96%
2.96% is dependent on the Auto Industry for Jobs.
$2.38B
Total Labor Income Annually
$4.16B
Total Car Sales in 2018
122.6K
Total New Car 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

$593.4M
Total State Tax revenue
6.0%
Percent of State Tax Revenue
$286.1M
New Vehicle Sales Taxes
$162.3M
Used Vehicle Sales Taxes
$63.5M
Sales Tax on Auto Parts and Services
$680.2M
Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
$7.6M
Corporate Profits Tax
$45.2M
State Income Taxes

Registrations

2,649,722

Registered

By Body Style

By Powertrain

The Arkansas average age of vehicles is 12.93 years.

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

New Purchases

122,614

Vehicles Sold

By Body Style

By Powertrain

$68.7K
$68.7 Thousand Total Imports
$336.4K
$336.4 Thousand Total Exports
$12.1K
$12.1 Thousand Total Imports
$55.7K
$55.7 Thousand Total Exports
Compiled by 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.
Gasoline Stations 2075
Electric Charging Stations 72
Biodiesel Stations 1
Compressed Natural Gas Stations 11
Hydrogen Stations 0
Liquefied Natural Gas Stations 1
Liquefied Petroleum Gas Stations 37

$33,955

$33,955 Average MSRP Per New Car

$45,869

$45,869 Median Household Income

$3,822

$3,822 Median Monthly Household Income

$517

$517 Median Monthly New Car Payment

13.53%

13.53% Monthly Car Payment As A Percent Of Monthly Income (%)

Commuting to Work