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 Rhode Island Forward

Industry Impact

14.9K
14.9 Thousand total auto jobs in Rhode Island
2.31%
2.31% depend on the auto industry for jobs
$848M
Total Labor Income Annually
$1.6B
Total Car Sales in 2018
49.2K
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

$92.5M
total state tax revenue
2.60%
% of state tax revenue
$113.9M
new vehicle sales taxes
$64.6M
used vehicle sales taxes
$25.3M
sales tax on auto parts and services
$114.1M
vehicle use taxes (including gas taxes), licenses and fees
$1.5M
corporate profits tax
$11.7M
state income taxes

Registrations

859.1K
Registered

By Body Style

  • Cars 426,260 (49.62%)
  • CUVs 203,014 (23.63%)
  • SUVs 73,710 (8.58%)
  • Pickups 107,404 (12.5%)
  • Vans/Minivans 48,728 (5.67%)

By Powertrain

  • Gas 831,733 (96.81%)
  • Diesel 13,187 (1.53%)
  • Hybrid 12,458 (1.45%)
  • Electric 599 (0.07%)
  • Plug-In Hybrid 1,139 (0.13%)
The Rhode Island average age of vehicles is 10.94 years.

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

New Purchases

49.2K
Vehicles Sold

By Body Style

  • Cars 15,069 (30.65%)
  • CUVs 22,308 (45.37%)
  • SUVs 3,751 (7.63%)
  • Pickups 6,492 (13.2%)
  • Vans/Minivans 1,546 (3.14%)

By Powertrain

  • Gas 47,203 (96.01%)
  • Diesel 585 (1.19%)
  • Hybrid 759 (1.54%)
  • Electric 276 (0.56%)
  • Plug-In Hybrid 343 (0.7%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 608.8M 608.8 Million Total Imports
  • 51.4B 51.4 Billion Total Imports

Economic Activity from 2018

  • 59.3M 59.3 Million Total Imports
  • 6.9B 6.9 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 635
  • Electric Charging Stations 85
  • Biodiesel Stations 2
  • Compressed Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 6

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
$31.6K
Average MSRP Per New Car
$63.9K
Median Household Income
$5.3K
Median Monthly Household Income
$480.83
Median Monthly New Car Payment
9.03%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (79%)
  • Carpool to Work (9%)
  • Take Public Transportation (2%)
  • 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

Volkswagen Group of America Location Employees
Port-Davisville Davisville RI 2