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 North Carolina Forward

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159,487
159,487 Total Auto Jobs in North Carolina
2.65%
2.65% is dependent on the Auto Industry for Jobs.
$8.49B
Total Labor Income Annually
$14.97B
Total Car Sales in 2018
462K
Total New Car 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

$854.9M
Total State Tax revenue
3.1%
Percent of State Tax Revenue
$481.4M
New Vehicle Sales Taxes
$273M
Used Vehicle Sales Taxes
$169.1M
Sales Tax on Auto Parts and Services
$2.95B
Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
$9.3M
Corporate Profits Tax
$140.2M
State Income Taxes

Registrations

8,924,646

Registered

By Body Style

  • Cars 3,906,446 (43.77%)
  • CUVs 1,584,586 (17.76%)
  • SUVs 1,012,128 (11.34%)
  • Pickups 1,869,761 (20.95%)
  • Vans/Minivans 551,725 (6.18%)

By Powertrain

  • Gas 8,542,181 (95.71%)
  • Diesel 241,897 (2.71%)
  • Hybrid 126,457 (1.42%)
  • Electric 7,320 (0.08%)
  • Plug-In Hybrid 6,791 (0.08%)

The North Carolina average age of vehicles is 12 years.

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

New Purchases

462,028

Vehicles Sold

By Body Style

  • Cars 153,736 (33.27%)
  • CUVs 162,982 (35.28%)
  • SUVs 42,464 (9.19%)
  • Pickups 80,633 (17.45%)
  • Vans/Minivans 22,213 (4.81%)

By Powertrain

  • Gas 436,697 (94.52%)
  • Diesel 12,650 (2.74%)
  • Hybrid 7,969 (1.72%)
  • Electric 3,293 (0.71%)
  • Plug-In Hybrid 1,419 (0.31%)

Economic Activity From Past Decade

  • 1.32B 1.32 Billion Total Imports
  • 1.74B 1.74 Billion Total Imports

Economic Activity from 2018

  • 363.7M 363.7 Million Total Imports
  • 167.4M 167.4 Million Total Imports
Compiled by 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.