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Economic Insights

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

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State Facts

Autos Drive North Carolina Forward

Industry Impact

159.5K
159.5 Thousand total auto jobs in North Carolina
2.65%
2.65% depend on the auto industry for jobs
$8.5B
Total Labor Income Annually
$15B
Total Car Sales in 2018
462K
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

$854.9M
total state tax revenue
3.10%
% of state tax revenue
$481.4M
new vehicle sales taxes
$273M
used vehicle sales taxes
$169.1M
sales tax on auto parts and services
$2.9B
vehicle use taxes (including gas taxes), licenses and fees
$9.3M
corporate profits tax
$140.2M
state income taxes

Registrations

8.9M
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

462K
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%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 1.3B 1.3 Billion Total Imports
  • 1.7B 1.7 Billion Total Imports

Economic Activity from 2018

  • 363.7M 363.7 Million Total Imports
  • 167.4M 167.4 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 4017
  • Electric Charging Stations 581
  • Biodiesel Stations 4
  • Compressed Natural Gas Stations 26
  • Liquefied Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 81

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
$32.4K
Average MSRP Per New Car
$52.8K
Median Household Income
$4.4K
Median Monthly Household Income
$493.51
Median Monthly New Car Payment
11.23%
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

Ford Motor Company Location Employees
Charlotte Regional Office Charlotte NC 20
Greensboro High Velocity Center Mebane NC 24
General Motors Location Employees
Charlotte OnStar Call Center Charlotte NC
Customer Care & Aftersales -- Parts Distribution Center -- Charlotte Charlotte NC
GM Financial International Treasury Office Charlotte NC
GM Financial -- Huntersville Collection Center Huntersville NC
GM Financial -- Raleigh Branch Office Raleigh NC
Subaru of America Location Employees
Subaru Service Training Center-Charlotte Huntersville NC 1