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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 Vermont Forward

Industry Impact

14.8K
14.8 Thousand total auto jobs in Vermont
3.40%
3.40% depend on the auto industry for jobs
$795.8M
Total Labor Income Annually
$1.3B
Total Car Sales in 2018
42.9K
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

$163.1M
total state tax revenue
5.00%
% of state tax revenue
$87.4M
new vehicle sales taxes
$49.6M
used vehicle sales taxes
$19.4M
sales tax on auto parts and services
$167.9M
vehicle use taxes (including gas taxes), licenses and fees
$1.7M
corporate profits tax
$16.5M
state income taxes

Registrations

564.9K
Registered

By Body Style

  • Cars 213,381 (37.77%)
  • CUVs 151,492 (26.82%)
  • SUVs 40,786 (7.22%)
  • Pickups 132,907 (23.53%)
  • Vans/Minivans 26,320 (4.66%)

By Powertrain

  • Gas 531,583 (94.1%)
  • Diesel 17,984 (3.18%)
  • Hybrid 12,393 (2.19%)
  • Electric 1,057 (0.19%)
  • Plug-In Hybrid 1,869 (0.33%)
The Vermont average age of vehicles is 9.65 years.

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

New Purchases

42.9K
Vehicles Sold

By Body Style

  • Cars 8,967 (20.9%)
  • CUVs 18,920 (44.09%)
  • SUVs 2,470 (5.76%)
  • Pickups 11,330 (26.4%)
  • Vans/Minivans 1,226 (2.86%)

By Powertrain

  • Gas 40,019 (93.26%)
  • Diesel 1,194 (2.78%)
  • Hybrid 876 (2.04%)
  • Electric 355 (0.83%)
  • Plug-In Hybrid 469 (1.09%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 253.2M 253.2 Million Total Imports
  • 561.8M 561.8 Million Total Imports

Economic Activity from 2018

  • 18.3M 18.3 Million Total Imports
  • 79M 79 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 461
  • Electric Charging Stations 211
  • Biodiesel Stations 3
  • Compressed Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 1

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
$31.3K
Average MSRP Per New Car
$57.5K
Median Household Income
$4.8K
Median Monthly Household Income
$476.05
Median Monthly New Car Payment
9.93%
Car Payment As Percent Of Monthly Income

Commuting to Work

  • Drive Alone to Work (74%)
  • Carpool to Work (9%)
  • Take Public Transportation (1%)
  • Other (14%)

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%.