Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- All
- Industry Impact
- Tax Revenue
- Registrations
- New Purchases
- Activity at Ports
- Fueling
- Consumers
- Automaker Facilities
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State Facts
Autos Drive Tennessee Forward
Industry Impact
214.1K
214.1 Thousand total auto jobs in Tennessee
5.20%
5.20% depend on the auto industry for jobs
$15.83B
Total Labor Income Annually
$20.88B
Total Car Sales in 2022
233.8K
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
$2.29B
total state tax revenue
11.43%
% of state tax revenue
$765.95M
new vehicle sales taxes
$2.87B
used vehicle sales taxes
$162.87M
sales tax on auto parts and services
$1.65B
vehicle use taxes (including gas taxes), licenses and fees
$152.06M
corporate profits tax
$6.63M
federal income taxes
Registrations
6.74M
Registered
By Body Style
- Cars 2,266,362 (33.62%)
- UVs 2,298,604 (34.1%)
- Pickups 1,693,560 (25.12%)
- Vans/Minivans 350,742 (5.2%)
By Powertrain
- ICE / Hybrid 6,713,737 (99.59%)
- Electric 18,988 (0.28%)
- Plug-In Hybrid 8,377 (0.12%)
- Fuel Cell 0 (0%)
The Tennessee average age of vehicles is 13.3 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
233.8K
Vehicles Sold
By Body Style
- Cars 44,063 (18.85%)
- UVs 126,279 (54.01%)
- Pickups 51,768 (22.14%)
- Vans/Minivans 11,692 (5%)
By Powertrain
- ICE / Hybrid 225,637 (96.51%)
- Electric 6,437 (2.75%)
- Plug-In Hybrid 1,728 (0.74%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- 47.32M 47.32 Million Total Exports
- 2.96B 2.96 Billion Total Imports
Economic Activity from 2022
- 3.9M 3.9 Million Total Exports
- 349.07M 349.07 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 4,536
- EV Level 2 Charging Ports 1091
- EV Level 2 Charging Stations 503
- EV DC Fast Charging Ports 96
- EV DC Fast Charging Stations 48
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
$59.7K
Median Household Income
69.40%
Owner Occupied Housing
30.60%
Rental Occupied Housing
87.30%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (75.81%)
- Carpool to Work (7.50%)
- Take Public Transportation (0.36%)
- Work From Home (13.98%)
- Other (2.36%)
Housing Type
- Single Family Home (68.70%)
- 1-Unit (4.10%)
- 2-4 Units (4.70%)
- 5-9 Units (3.40%)
- 10-19 Units (4%)
- 20+ Units (7.50%)
- Mobile / RV / Boat (7.70%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.
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 |
| LG | Location | Employees |
|---|---|---|
| LG Chem (Under Construction) | Clarksville, TN | 850 |
| Ultium Cells (Under Construction) | Spring Hill, TN | 1700 |
| Magna | Location | Employees |
|---|---|---|
| Magna Operations | TN | 952 |
| Magna Operations | TN | 417 |
| Nissan North America | Location | Employees |
|---|---|---|
| Nissan Decherd Powertrain Plant | Decherd, TN | 2400 |
| Nissan North America Corporate Headquarters | Franklin, TN | 1700 |
| Nissan Smyrna Vehicle Assembly Plant | Smyrna, TN | 7400 |
| Toyota | Location | Employees |
|---|---|---|
| TMMTN | Jackson, TN | 400 |
| 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 |