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

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155,837
155,837 Total Auto Jobs in Tennessee
3.84%
3.84% is dependent on the Auto Industry for Jobs.
$10.33B
Total Labor Income Annually
$8.89B
Total Car Sales in 2018
273.7K
Total New Car 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

$1.26B
Total State Tax revenue
8.8%
Percent 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

6,124,542

Registered

By Body Style

By Powertrain

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

273,666

Vehicles Sold

By Body Style

By Powertrain

$2.73B
$2.73 Billion Total Imports
$91.6M
$91.6 Million Total Exports
$345.7M
$345.7 Million Total Imports
$5.1M
$5.1 Million Total Exports
Compiled by 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.
Gasoline Stations 3936
Electric Charging Stations 384
Biodiesel Stations 8
Compressed Natural Gas Stations 13
Hydrogen Stations 0
Liquefied Natural Gas Stations 1
Liquefied Petroleum Gas Stations 69

$32,496

$32,496 Average MSRP Per New Car

$51,340

$51,340 Median Household Income

$4,278

$4,278 Median Monthly Household Income

$495

$495 Median Monthly New Car Payment

11.57%

11.57% Monthly Car Payment As A Percent Of Monthly Income (%)

Commuting to Work

Automakers' Facilities

Ford Motor Company

Location Employees
Memphis Regional Office Cordova 31
Ford Credit Nashville Business Center Franklin 728
Memphis High Velocity Center Memphis 113

General Motors

Location Employees
Customer Care & Aftersales -- ACDelco, Parts Distribution Center -- Memphis Memphis
Spring Hill Assembly, Stamping and Global Propulsion Systems Spring Hill 3808

Honda

Location Employees
Honda Parts Distribution Center Loudon 4

Nissan North America

Location Employees
Nissan North America Corporate Headquarters Franklin 1,750
Nissan Smyrna Vehicle Assembly Plant Smyrna 7,250
Nissan Decherd Powertrain Plant Decherd 1,700
INFINITI Decherd Powertrain Plant Decherd 450

Toyota

Location Employees
TMMTN Jackson 1,004

Volkswagen Group of America

Location Employees
Volkswagen Chattanooga Assembly Plant Chattanooga 3,800
South East Regional Distribution Center Tennessee (SERDC) Lenoir City   39
North American Engineering and Planning Center Chattanooga 84
Chattanooga Learning Center Chattanooga 16