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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 New Jersey Forward

Industry Impact

117.2K
117.2 Thousand total auto jobs in New Jersey
2.14%
2.14% depend on the auto industry for jobs
$7.9B
Total Labor Income Annually
$19.6B
Total Car Sales in 2018
581.2K
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

$774.2M
total state tax revenue
2.20%
% of state tax revenue
$1.4B
new vehicle sales taxes
$803.3M
used vehicle sales taxes
$302.8M
sales tax on auto parts and services
$1.2B
vehicle use taxes (including gas taxes), licenses and fees
$41M
corporate profits tax
$92.3M
state income taxes

Registrations

7.2M
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

581.2K
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%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 15.1B 15.1 Billion Total Imports
  • 128.1B 128.1 Billion Total Imports

Economic Activity from 2018

  • 1.7B 1.7 Billion Total Imports
  • 14.7B 14.7 Billion 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 5458
  • Electric Charging Stations 288
  • Biodiesel Stations 1
  • Compressed Natural Gas Stations 15
  • Liquefied Petroleum Gas Stations 16

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
$33.7K
Average MSRP Per New Car
$80.1K
Median Household Income
$6.7K
Median Monthly Household Income
$512.48
Median Monthly New Car Payment
7.68%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (70%)
  • Carpool to Work (7%)
  • Take Public Transportation (11%)
  • 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

BMW Group Location Employees
BMW of North America Vehicle Distribution Center Jersey City NJ 83
BMW of North America Training Center Woodcliff Lake NJ 137
BMW of North America, LLC Woodcliff Lake NJ 933
MINI of North America, LLC Woodcliff Lake NJ
Rolls-Royce of North America, LLC Woodcliff Lake NJ
Ferrari North America, Inc Location Employees
Ferrari North America, Inc. Headquarters Englewood Cliffs NJ 80
Ford Motor Company Location Employees
New York High Velocity Center Cranbury NJ 74
New York Regional Office Mahwah NJ 66
Philadelphia Regional Office Mount Laurel NJ 17
General Motors Location Employees
GM Financial -- Paramus Branch Office Paramus NJ
Honda Location Employees
American Honda Motor Co., Inc. Parts Center Mt Laurel NJ
American Honda Motor Co., Inc. Zone Office Mt Laurel NJ
Hyundai/Kia Location Employees
Mobis Parts Distribution Center (Hyundai/Kia) Jamesburg NJ
Jaguar Land Rover Location Employees
Jaguar Land Rover North America, LLC Headquarters Mahwah NJ 270
Kia Location Employees
Kia Regional Office Parsippany NJ 36
Mazda Location Employees
Mazda Regional Office Bridgewater NJ 61
Mazda Training Center Somerset NJ 2
Mercedes-Benz Location Employees
Mercedes-Benz USA Robbinsville NJ 81
Subaru of America Location Employees
RDC - Florence Burlington NJ 31
Subaru Service Training Center - Philadelphia Burlington NJ 2
Eastern Region Camden NJ 21
Eastern Region - Zone 1 Philadelphia (PHL) Camden NJ 16
Headquarters - Administration Camden NJ 570
Headquarters - Off Site Camden NJ 57
National Service Training Center Camden NJ 17
Headquarters - Operations Pennsauken NJ 159
Volkswagen Group of America Location Employees
North American Regional Distribution Center Cranbury NJ 101
Parts Distribution Center New Jersey Cranbury NJ 65
Volkswagen Group North East Regional Office Woodcliff Lake NJ 50