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 New Jersey Forward

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117,154
117,154 Total Auto Jobs in New Jersey
2.14%
2.14% is dependent on the Auto Industry for Jobs.
$7.92B
Total Labor Income Annually
$19.56B
Total Car Sales in 2018
581.2K
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

$774.2M
Total State Tax revenue
2.2%
Percent of State Tax Revenue
$1.42B
New Vehicle Sales Taxes
$803.3M
Used Vehicle Sales Taxes
$302.8M
Sales Tax on Auto Parts and Services
$1.17B
Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
$41M
Corporate Profits Tax
$92.3M
State Income Taxes

Registrations

7,243,886

Registered

By Body Style

  • Cars 3,463,379 (47.81%)
  • CUVs 1,812,960 (25.03%)
  • SUVs 749,150 (10.34%)
  • Pickups 677,428 (9.35%)
  • Vans/Minivans 540,969 (7.47%)

By Powertrain

  • Gas 7,018,610 (96.89%)
  • Diesel 112,151 (1.55%)
  • Hybrid 89,902 (1.24%)
  • Electric 12,106 (0.17%)
  • Plug-In Hybrid 11,117 (0.15%)

The New Jersey average age of vehicles is 10.12 years.

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

New Purchases

581,215

Vehicles Sold

By Body Style

  • Cars 195,126 (33.57%)
  • CUVs 259,298 (44.61%)
  • SUVs 55,507 (9.55%)
  • Pickups 45,508 (7.83%)
  • Vans/Minivans 25,776 (4.43%)

By Powertrain

  • Gas 559,181 (96.21%)
  • Diesel 5,248 (0.9%)
  • Hybrid 7,556 (1.3%)
  • Electric 5,651 (0.97%)
  • Plug-In Hybrid 3,579 (0.62%)

Economic Activity From Past Decade

  • 15.11B 15.11 Billion Total Imports
  • 128.1B 128.1 Billion Total Imports

Economic Activity from 2018

  • 1.65B 1.65 Billion Total Imports
  • 14.67B 14.67 Billion 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.