Economic Insights

See Auto Industry Impacts at the National, State, and Congressional District levels.

Every State is an Auto State

Filter Selections:
VA CLEAR ALL
State Facts

Autos Drive Virginia Forward

SAVE AS PDF
123,526
123,526 Total Auto Jobs in Virginia
2.34%
2.34% is dependent on the Auto Industry for Jobs.
$6.95B
Total Labor Income Annually
$12.22B
Total Car Sales in 2018
383K
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

$655.5M
Total State Tax revenue
2.8%
Percent of State Tax Revenue
$544.2M
New Vehicle Sales Taxes
$308.6M
Used Vehicle Sales Taxes
$125.1M
Sales Tax on Auto Parts and Services
$1.57B
Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
$10M
Corporate Profits Tax
$108.1M
State Income Taxes

Registrations

7,532,673

Registered

By Body Style

  • Cars 3,419,168 (45.39%)
  • CUVs 1,448,891 (19.23%)
  • SUVs 846,677 (11.24%)
  • Pickups 1,314,003 (17.44%)
  • Vans/Minivans 503,934 (6.69%)

By Powertrain

  • Gas 7,198,361 (95.56%)
  • Diesel 176,234 (2.34%)
  • Hybrid 141,630 (1.88%)
  • Electric 8,367 (0.11%)
  • Plug-In Hybrid 8,081 (0.11%)

The Virginia average age of vehicles is 12.1 years.

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

New Purchases

382,955

Vehicles Sold

By Body Style

  • Cars 132,236 (34.53%)
  • CUVs 143,936 (37.59%)
  • SUVs 32,700 (8.54%)
  • Pickups 47,524 (12.41%)
  • Vans/Minivans 26,559 (6.94%)

By Powertrain

  • Gas 360,614 (94.17%)
  • Diesel 6,633 (1.73%)
  • Hybrid 9,333 (2.44%)
  • Electric 4,502 (1.18%)
  • Plug-In Hybrid 1,873 (0.49%)

Economic Activity From Past Decade

  • 9.14B 9.14 Billion Total Imports
  • 20.36B 20.36 Billion Total Imports

Economic Activity from 2018

  • 718.9M 718.9 Million Total Imports
  • 2.05B 2.05 Billion Total Imports
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.