Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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 ExportsGasoline 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
©2020 Alliance for Automotive Innovation
©2020 Alliance for Automotive Innovation