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 Mexico Forward

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36,351
36,351 Total Auto Jobs in New Mexico
3.26%
3.26% is dependent on the Auto Industry for Jobs.
$2.05B
Total Labor Income Annually
$2.83B
Total Car Sales in 2018
87.6K
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

$444M
Total State Tax revenue
8.0%
Percent of State Tax Revenue
$88.1M
New Vehicle Sales Taxes
$50M
Used Vehicle Sales Taxes
$33.4M
Sales Tax on Auto Parts and Services
$436M
Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
$1.2M
Corporate Profits Tax
$18.6M
State Income Taxes

Registrations

1,891,881

Registered

By Body Style

By Powertrain

The New Mexico average age of vehicles is 13.06 years.

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

New Purchases

87,576

Vehicles Sold

By Body Style

By Powertrain

$108.7M
$108.7 Million Total Imports
$1.22B
$1.22 Billion Total Exports
$44.4M
$44.4 Million Total Imports
$8.4M
$8.4 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 1240
Electric Charging Stations 66
Biodiesel Stations 1
Compressed Natural Gas Stations 8
Hydrogen Stations 0
Liquefied Natural Gas Stations 1
Liquefied Petroleum Gas Stations 63

$32,295

$32,295 Average MSRP Per New Car

$46,744

$46,744 Median Household Income

$3,895

$3,895 Median Monthly Household Income

$492

$492 Median Monthly New Car Payment

12.63%

12.63% Monthly Car Payment As A Percent Of Monthly Income (%)

Commuting to Work