See Auto Industry Impacts at the National, State, and Congressional District levels.
Economic Insights
Every State is an Auto State
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- Industry Impact
- Tax Revenue
- Registrations
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- Consumers
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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%)
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 |