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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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State Facts

Autos Drive Iowa Forward

Industry Impact

60.9K
60.9 Thousand total auto jobs in Iowa
2.92%
2.92% depend on the auto industry for jobs
$3.1B
Total Labor Income Annually
$4.4B
Total Car Sales in 2018
131.2K
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

$363M
total state tax revenue
3.60%
% of state tax revenue
$261.3M
new vehicle sales taxes
$148.2M
used vehicle sales taxes
$58M
sales tax on auto parts and services
$1.4B
vehicle use taxes (including gas taxes), licenses and fees
$6.4M
corporate profits tax
$63.3M
state income taxes

Registrations

3.1M
Registered

By Body Style

  • Cars 1,170,774 (37.48%)
  • CUVs 555,838 (17.79%)
  • SUVs 328,177 (10.51%)
  • Pickups 832,037 (26.63%)
  • Vans/Minivans 237,132 (7.59%)

By Powertrain

  • Gas 2,969,790 (95.06%)
  • Diesel 118,301 (3.79%)
  • Hybrid 32,755 (1.05%)
  • Electric 1,089 (0.03%)
  • Plug-In Hybrid 2,023 (0.06%)
The Iowa average age of vehicles is 12.92 years.

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

New Purchases

131.2K
Vehicles Sold

By Body Style

  • Cars 26,822 (20.45%)
  • CUVs 50,382 (38.41%)
  • SUVs 11,682 (8.91%)
  • Pickups 34,690 (26.45%)
  • Vans/Minivans 7,600 (5.79%)

By Powertrain

  • Gas 122,292 (93.23%)
  • Diesel 5,655 (4.31%)
  • Hybrid 2,312 (1.76%)
  • Electric 483 (0.37%)
  • Plug-In Hybrid 434 (0.33%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 11.4K 11.4 Thousand Total Imports
  • 317.4M 317.4 Million Total Imports

Economic Activity from 2018

  • 11.4K 11.4 Thousand Total Imports
  • 38.2M 38.2 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 2094
  • Electric Charging Stations 126
  • Biodiesel Stations 9
  • Compressed Natural Gas Stations 9
  • Liquefied Petroleum Gas Stations 34

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
$33.8K
Average MSRP Per New Car
$58.6K
Median Household Income
$4.9K
Median Monthly Household Income
$514.64
Median Monthly New Car Payment
10.54%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (81%)
  • Carpool to Work (8%)
  • Take Public Transportation (0%)
  • Other (9%)

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

Honda Location Employees
American Honda Motor Co., Inc. Parts Center Davenport IA