Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- Industry Impact
- Tax Revenue
- Registrations
- New Purchases
- Activity at Ports
- Fueling
- Consumers
- Automaker Facilities
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Congressional District 2
Autos Drive New Mexico Forward
Industry Impact
7K
7 Thousand total auto jobs in New Mexico
2.20%
2.20% depend on the auto industry for jobs
$397.77M
Total Labor Income Annually
21.1K
Total New Cars Sold in 2022
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022.
Tax Revenue
$104.83M
total state tax revenue
$183.7K
corporate profits tax
$3.09M
federal income taxes
Registrations
653K
Registered
By Body Style
- Cars 212,645 (32.56%)
- UVs 183,650 (28.12%)
- Pickups 217,819 (33.35%)
- Vans/Minivans 25,176 (3.86%)
By Powertrain
- ICE / Hybrid 651,175 (99.71%)
- Electric 1,157 (0.18%)
- Plug-In Hybrid 717 (0.11%)
- Fuel Cell 0 (0%)
The New Mexico congressional district 2 average age of vehicles is 14.1 years; The national average is 12.2.
Figures compiled by Powerbase Associates with data provided by S&P Global Mobility as of December 31, 2022.
New Purchases
21.1K
Vehicles Sold
By Body Style
- Cars 4,418 (20.9%)
- UVs 9,874 (46.71%)
- Pickups 6,421 (30.38%)
- Vans/Minivans 425 (2.01%)
By Powertrain
- ICE / Hybrid 20,597 (97.44%)
- Electric 411 (1.95%)
- Plug-In Hybrid 129 (0.61%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- 1.12B 1.12 Billion Total Exports
- 295.9M 295.9 Million Total Imports
Economic Activity from 2022
- 19.15M 19.15 Million Total Exports
- 48.68M 48.68 Million Total Imports
Compiled by Powerbase Associates with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2022 - December 31, 2022.
Fueling
- Gasoline Stations 405
- EV Level 2 Charging Ports 66
- EV Level 2 Charging Stations 24
- EV DC Fast Charging Ports 14
- EV DC Fast Charging Stations 5
Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling data as of January 1, 2023.
Consumers
$49.9K
Median Household Income
69.80%
Owner Occupied Housing
30.20%
Rental Occupied Housing
80.30%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (73.70%)
- Carpool to Work (10.10%)
- Take Public Transportation (0.20%)
- Work From Home (12.40%)
- Other (3.60%)
Housing Type
- Single Family Home (63.90%)
- 1-Unit (2.30%)
- 2-4 Units (4.80%)
- 5-9 Units (2.50%)
- 10-19 Units (1.70%)
- 20+ Units (2.10%)
- Mobile / RV / Boat (22.70%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.