See Auto Industry Impacts at the National, State, and Congressional District levels.
Economic Insights
Every State is an Auto State
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State Facts
Autos Drive Arkansas Forward
Industry Impact
49K
49 Thousand total auto jobs in Arkansas
2.96%
2.96% depend on the auto industry for jobs
$2.4B
Total Labor Income Annually
$4.2B
Total Car Sales in 2018
122.6K
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
$593.4M
total state tax revenue
6.00%
% 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
2.6M
Registered
By Body Style
- Cars 951,197 (35.9%)
- CUVs 392,851 (14.83%)
- SUVs 342,630 (12.93%)
- Pickups 839,903 (31.7%)
- Vans/Minivans 123,141 (4.65%)
By Powertrain
- Gas 2,522,961 (95.22%)
- Diesel 104,244 (3.93%)
- Hybrid 21,219 (0.8%)
- Electric 516 (0.02%)
- Plug-In Hybrid 782 (0.03%)
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
122.6K
Vehicles Sold
By Body Style
- Cars 30,309 (24.72%)
- CUVs 39,861 (32.51%)
- SUVs 13,026 (10.62%)
- Pickups 34,810 (28.39%)
- Vans/Minivans 4,608 (3.76%)
By Powertrain
- Gas 114,934 (93.74%)
- Diesel 5,812 (4.74%)
- Hybrid 1,433 (1.17%)
- Electric 260 (0.21%)
- Plug-In Hybrid 175 (0.14%)
Fueling
- Gasoline Stations 2075
- Electric Charging Stations 72
- Biodiesel Stations 1
- Compressed Natural Gas Stations 11
- Liquefied Natural Gas Stations 1
- Liquefied Petroleum Gas Stations 37
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
$34K
Average MSRP Per New Car
$45.9K
Median Household Income
$3.8K
Median Monthly Household Income
$517.11
Median Monthly New Car Payment
13.53%
Car Payment As Percent Of Monthly Income
Commuting to Work
- Drive Alone to Work (83%)
- Carpool to Work (9%)
- Take Public Transportation (0%)
- Other (6%)
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%.