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

By Powertrain

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

By Powertrain

$1.74B
$1.74 Billion Total Imports
$1.32B
$1.32 Billion Total Exports
$167.4M
$167.4 Million Total Imports
$363.7M
$363.7 Million Total Exports
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.
Gasoline Stations 4017
Electric Charging Stations 581
Biodiesel Stations 4
Compressed Natural Gas Stations 26
Hydrogen Stations 0
Liquefied Natural Gas Stations 1
Liquefied Petroleum Gas Stations 81

$32,405

$32,405 Average MSRP Per New Car

$52,752

$52,752 Median Household Income

$4,396

$4,396 Median Monthly Household Income

$494

$494 Median Monthly New Car Payment

11.23%

11.23% Monthly Car Payment As A Percent Of Monthly Income (%)

Commuting to Work

Automakers' Facilities

Ford Motor Company

Location Employees
Charlotte Regional Office Charlotte 20
Greensboro High Velocity Center Mebane 24

General Motors

Location Employees
Customer Care & Aftersales -- Parts Distribution Center -- Charlotte Charlotte
Charlotte OnStar Call Center Charlotte
GM Financial -- Huntersville Collection Center Huntersville
GM Financial -- Raleigh Branch Office Raleigh
GM Financial International Treasury Office Charlotte

Honda

Location Employees
American Honda Finance Corporation Regional Office Charlotte 95

Subaru of America

Location Employees
Subaru Service Training Center-Charlotte Huntersville 1