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Economic Insights

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

Every State is an Auto State

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Congressional District 5

Autos Drive Colorado Forward

Industry Impact

13.7K
13.7 Thousand total auto jobs in Colorado
3.10%
3.10% depend on the auto industry for jobs
$883.7M
Total Labor Income Annually
22.5K
Total New Cars Sold in 2022
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022.

Tax Revenue

$102.9M
total state tax revenue
$1.3M
corporate profits tax
$17.9M
state income taxes

Registrations

643K
Registered

By Body Style

  • Cars 196,692 (30.59%)
  • UVs 275,153 (42.79%)
  • Pickups 124,773 (19.41%)
  • Vans/Minivans 30,029 (4.67%)

By Powertrain

  • ICE / Hybrid 636,561 (99%)
  • Electric 4,576 (0.71%)
  • Plug-In Hybrid 1,856 (0.29%)
  • Fuel Cell 0 (0%)
The Colorado congressional district 5 average age of vehicles is 13.2 years; The national average is 12.2.

Figures compiled by Powerbase Associates with data provided by S&P Global Mobility as of December 31, 2022.

New Purchases

22.5K
Vehicles Sold

By Body Style

  • Cars 3,388 (15.06%)
  • UVs 13,914 (61.86%)
  • Pickups 4,486 (19.95%)
  • Vans/Minivans 705 (3.14%)

By Powertrain

  • ICE / Hybrid 20,618 (91.66%)
  • Electric 1,480 (6.58%)
  • Plug-In Hybrid 395 (1.76%)
  • Fuel Cell 0 (0%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 0.00 0.00 Total Exports
  • 0.00 0.00 Total Imports

Economic Activity from 2022

  • 0.00 0.00 Total Exports
  • 0.00 0.00 Total Imports

Compiled by Powerbase Associates with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2022 - December 31, 2022.

Fueling

  • Gasoline Stations 230
  • EV Level 2 Charging Ports 122
  • EV Level 2 Charging Stations 57
  • EV DC Fast Charging Ports 21
  • EV DC Fast Charging Stations 12

Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling data as of January 1, 2023.

Consumers
$79.6K
Median Household Income
74.40%
Owner Occupied Housing
25.60%
Rental Occupied Housing
88.50%
Owner Occupied Single Family Homes

Commuting to Work

  • Drive Alone to Work (69.10%)
  • Carpool to Work (7.80%)
  • Take Public Transportation (0.20%)
  • Work From Home (18.10%)
  • Other (4.70%)

Housing Type

  • Single Family Home (73.60%)
  • 1-Unit (4.30%)
  • 2-4 Units (3.30%)
  • 5-9 Units (3.50%)
  • 10-19 Units (3.80%)
  • 20+ Units (6.10%)
  • Mobile / RV / Boat (5.40%)

Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.

Automaker's Facilities

Ford Motor Company Location Employees
Ford Credit Colorado Springs Business Center Colorado Springs, CO 381