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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 Tennessee Forward

Industry Impact

155.8K
155.8 Thousand total auto jobs in Tennessee
3.84%
3.84% depend on the auto industry for jobs
$10.3B
Total Labor Income Annually
$8.9B
Total Car Sales in 2018
273.7K
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

$1.3B
total state tax revenue
8.80%
% of state tax revenue
$721.6M
new vehicle sales taxes
$409.2M
used vehicle sales taxes
$160.1M
sales tax on auto parts and services
$1.5B
vehicle use taxes (including gas taxes), licenses and fees
$131.1M
corporate profits tax
$5.4M
state income taxes

Registrations

6.1M
Registered

By Body Style

  • Cars 2,584,747 (42.2%)
  • CUVs 1,023,273 (16.71%)
  • SUVs 759,611 (12.4%)
  • Pickups 1,433,425 (23.4%)
  • Vans/Minivans 323,486 (5.28%)

By Powertrain

  • Gas 5,890,501 (96.18%)
  • Diesel 164,902 (2.69%)
  • Hybrid 62,140 (1.01%)
  • Electric 3,978 (0.06%)
  • Plug-In Hybrid 3,021 (0.05%)
The Tennessee average age of vehicles is 12.7 years.

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

New Purchases

273.7K
Vehicles Sold

By Body Style

  • Cars 87,117 (31.83%)
  • CUVs 92,974 (33.97%)
  • SUVs 26,631 (9.73%)
  • Pickups 54,407 (19.88%)
  • Vans/Minivans 12,537 (4.58%)

By Powertrain

  • Gas 259,521 (94.83%)
  • Diesel 8,101 (2.96%)
  • Hybrid 4,050 (1.48%)
  • Electric 1,387 (0.51%)
  • Plug-In Hybrid 607 (0.22%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 91.6M 91.6 Million Total Imports
  • 2.7B 2.7 Billion Total Imports

Economic Activity from 2018

  • 5.1M 5.1 Million Total Imports
  • 345.7M 345.7 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 3936
  • Electric Charging Stations 384
  • Biodiesel Stations 8
  • Compressed Natural Gas Stations 13
  • Liquefied Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 69

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
$32.5K
Average MSRP Per New Car
$51.3K
Median Household Income
$4.3K
Median Monthly Household Income
$494.89
Median Monthly New Car Payment
11.57%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (83%)
  • Carpool to Work (8%)
  • Take Public Transportation (0%)
  • Other (7%)

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

Ford Motor Company Location Employees
Memphis Regional Office Cordova TN 31
Ford Credit Nashville Business Center Franklin TN 728
Memphis High Velocity Center Memphis TN 113
General Motors Location Employees
Customer Care & Aftersales -- ACDelco, Parts Distribution Center -- Memphis Memphis TN
Spring Hill Assembly, Stamping and Global Propulsion Systems Spring Hill TN 3808
Honda Location Employees
American Honda Motor Co., Inc. Parts Center Loudon TN
Nissan North America Location Employees
INFINITI Decherd Powertrain Plant Decherd TN 450
Nissan Decherd Powertrain Plant Decherd TN 1700
Nissan North America Corporate Headquarters Franklin TN 1750
Nissan Smyrna Vehicle Assembly Plant Smyrna TN 7250
Toyota Location Employees
TMMTN Jackson TN 1004
Volkswagen Group of America Location Employees
Chattanooga Learning Center Chattanooga TN 16
North American Engineering and Planning Center Chattanooga TN 84
Volkswagen Chattanooga Assembly Plant Chattanooga TN 3800
South East Regional Distribution Center Tennessee (SERDC) Lenoir City TN 39