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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 Mexico Forward

Industry Impact

36.4K
36.4 Thousand total auto jobs in New Mexico
3.26%
3.26% depend on the auto industry for jobs
$2.1B
Total Labor Income Annually
$2.8B
Total Car Sales in 2018
87.6K
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

$444M
total state tax revenue
8.00%
% 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

1.9M
Registered

By Body Style

  • Cars 734,698 (38.83%)
  • CUVs 269,524 (14.25%)
  • SUVs 235,354 (12.44%)
  • Pickups 568,522 (30.05%)
  • Vans/Minivans 83,783 (4.43%)

By Powertrain

  • Gas 1,759,819 (93.02%)
  • Diesel 103,730 (5.48%)
  • Hybrid 25,761 (1.36%)
  • Electric 1,262 (0.07%)
  • Plug-In Hybrid 1,309 (0.07%)
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

87.6K
Vehicles Sold

By Body Style

  • Cars 27,127 (30.98%)
  • CUVs 26,940 (30.76%)
  • SUVs 8,156 (9.31%)
  • Pickups 22,703 (25.92%)
  • Vans/Minivans 2,650 (3.03%)

By Powertrain

  • Gas 79,988 (91.34%)
  • Diesel 5,040 (5.76%)
  • Hybrid 1,843 (2.1%)
  • Electric 396 (0.45%)
  • Plug-In Hybrid 309 (0.35%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 1.2B 1.2 Billion Total Imports
  • 108.7M 108.7 Million Total Imports

Economic Activity from 2018

  • 8.4M 8.4 Million Total Imports
  • 44.4M 44.4 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 1240
  • Electric Charging Stations 66
  • Biodiesel Stations 1
  • Compressed Natural Gas Stations 8
  • Liquefied Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 63

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
$32.3K
Average MSRP Per New Car
$46.7K
Median Household Income
$3.9K
Median Monthly Household Income
$491.84
Median Monthly New Car Payment
12.63%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (79%)
  • Carpool to Work (10%)
  • Take Public Transportation (1%)
  • Other (8%)

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%.