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Economic Insights

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

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State Facts

Autos Drive Colorado Forward

Industry Impact

90.1K
90.1 Thousand total auto jobs in Colorado
2.36%
2.36% depend on the auto industry for jobs
$5.4B
Total Labor Income Annually
$9.1B
Total Car Sales in 2018
270.7K
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

$476.3M
total state tax revenue
3.20%
% of state tax revenue
$279.1M
new vehicle sales taxes
$158.3M
used vehicle sales taxes
$61.9M
sales tax on auto parts and services
$1.3B
vehicle use taxes (including gas taxes), licenses and fees
$6.3M
corporate profits tax
$71.3M
state income taxes

Registrations

5.3M
Registered

By Body Style

  • Cars 1,937,052 (36.48%)
  • CUVs 1,150,247 (21.66%)
  • SUVs 833,066 (15.69%)
  • Pickups 1,128,750 (21.26%)
  • Vans/Minivans 260,881 (4.91%)

By Powertrain

  • Gas 4,960,899 (93.43%)
  • Diesel 242,469 (4.57%)
  • Hybrid 87,205 (1.64%)
  • Electric 11,745 (0.22%)
  • Plug-In Hybrid 7,678 (0.14%)
The Colorado average age of vehicles is 12.78 years.

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

New Purchases

270.7K
Vehicles Sold

By Body Style

  • Cars 63,121 (23.32%)
  • CUVs 109,593 (40.49%)
  • SUVs 34,058 (12.58%)
  • Pickups 52,219 (19.29%)
  • Vans/Minivans 11,696 (4.32%)

By Powertrain

  • Gas 245,721 (90.78%)
  • Diesel 12,211 (4.51%)
  • Hybrid 5,704 (2.11%)
  • Electric 4,929 (1.82%)
  • Plug-In Hybrid 2,122 (0.78%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 16.6M 16.6 Million Total Imports
  • 23.4M 23.4 Million Total Imports

Economic Activity from 2018

  • 623.2K 623.2 Thousand Total Imports
  • 4.1M 4.1 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 2363
  • Electric Charging Stations 694
  • Biodiesel Stations 6
  • Compressed Natural Gas Stations 22
  • Liquefied Petroleum Gas Stations 53

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
$33.5K
Average MSRP Per New Car
$69.1K
Median Household Income
$5.8K
Median Monthly Household Income
$510.65
Median Monthly New Car Payment
8.87%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (74%)
  • Carpool to Work (8%)
  • Take Public Transportation (3%)
  • Other (13%)

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%.

Automaker's Facilities

Ford Motor Company Location Employees
Ford Credit Colorado Springs Business Center Colorado Springs CO 381
Denver High Velocity Center VC Denver CO 29
Denver Regional Office Greenwood Village CO 20
General Motors Location Employees
Customer Care & Aftersales - Parts Distribution Center - Denver Aurora CO 73
GM Financial -- Denver Branch Office Greenwood Village CO 1
Honda Location Employees
Denver Test Lab Denver CO
American Honda Motor Co., Inc. Zone Office Englewood CO
American Honda Education Corp Estes Park CO
Stellantis Location Employees
Denver Parts Distribution Center Denver CO 77
Denver Business Center Greenwood Village CO 73
Subaru of America Location Employees
RDC - Denver Aurora CO 13
Subaru Service Training Center - Denver Aurora CO 2
Western Region Glendale CO 24
Western Region - Zone 1 Denver (DEN) Glendale CO 14