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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 Virginia Forward

Industry Impact

123.5K
123.5 Thousand total auto jobs in Virginia
2.34%
2.34% depend on the auto industry for jobs
$6.9B
Total Labor Income Annually
$12.2B
Total Car Sales in 2018
383K
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

$655.5M
total state tax revenue
2.80%
% 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
$1.6B
vehicle use taxes (including gas taxes), licenses and fees
$10M
corporate profits tax
$108.1M
state income taxes

Registrations

7.5M
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

383K
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%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 9.1B 9.1 Billion Total Imports
  • 20.4B 20.4 Billion Total Imports

Economic Activity from 2018

  • 718.9M 718.9 Million Total Imports
  • 2B 2 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 3603
  • Electric Charging Stations 573
  • Biodiesel Stations 1
  • Compressed Natural Gas Stations 6
  • Liquefied Natural Gas Stations 2
  • Liquefied Petroleum Gas Stations 71

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
$31.9K
Average MSRP Per New Car
$71.5K
Median Household Income
$6K
Median Monthly Household Income
$486.14
Median Monthly New Car Payment
8.15%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (77%)
  • Carpool to Work (8%)
  • Take Public Transportation (4%)
  • 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

Ford Motor Company Location Employees
Washington Regional Office Chantilly VA 24
Washington DC High Velocity Center Winchester VA 43
Mazda Location Employees
Mazda Training Center Colonial Heights VA 22
Stellantis Location Employees
Winchester Parts Distribution Center Winchester VA
Volkswagen Group of America Location Employees
Volkswagen Group Headquarters Herndon Herndon VA 799
Volkswagen Group Headquarters Reston Reston VA 151