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Autos Drive New Mexico Forward

Industry Impact

  • 34,171 34,171 Total Auto Jobs in State
  • 3.1% 3.1% of State Workforce
  • $1.72B $1.72 Billion Labor Income
  • $2.83B $2.83 Billion in Total 2018 Car Sales
  • 87,576 87,576 Total New Car Sales
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2017 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

  • $313.59M $313.59 Million in Total State Tax Revenue
  • 5% 5% of State Tax Revenue
  • $92M $92 Million in New Vehicle Sales Taxes
  • $49M $49 Million in Used Vehicle Sales Taxes
  • $33M $33 Million in Sales Taxes on Auto Parts and Services
  • $444.30M $444.30 Million in Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
  • $2M $2 Million in Corporate Profits Tax
  • $27M $27 Million State Income Taxes
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2017 data year.

Registrations

1,891,881 Registered Vehicles

By Body Style

  • Cars 734,698 (38.83%)
  • CUVs 269,524 (14.25%)
  • SUVs 235,354 (12.44%)
  • Pickups 568,522 (30.05%)
  • Vans/Minivans 83,783 (4.43%)

By Powertrain

  • Gas 1,759,819 (93.02%)
  • Diesel 103,730 (5.48%)
  • Hybrid 25,761 (1.36%)
  • Electric 1,262 (0.07%)
  • Plug-In Hybrid 1,309 (0.07%)
In New Mexico, the average age of vehicles is 13.1 years.
The national average age of vehicles is 11.6 years.
Figures compiled by Auto Alliance with data provided by IHS Markit as of December 31, 2018.

New Purchases

87,576 Vehicles Sold

By Body Style

  • Cars 27,127 (30.98%)
  • CUVs 26,940 (30.76%)
  • SUVs 8,156 (9.31%)
  • Pickups 22,703 (25.92%)
  • Vans/Minivans 2,650 (3.03%)

By Powertrain

  • Gas 79,988 (91.34%)
  • Diesel 5,040 (5.76%)
  • Hybrid 1,843 (2.10%)
  • Electric 396 (0.45%)
  • Plug-In Hybrid 309 (0.35%)
Figures compiled by Auto Alliance with data provided by IHS Markit as of December 31, 2018.

Auto-Related Activity at Ports

Economic Activity From Past Decade

  • $108.70 Million Total Imports
  • $1.22 Billion Total Exports

Economic Activity From 2018

  • $44.38 Million Total Imports
  • $8.36 Million Total Exports
Compiled by Auto Alliance 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 1,240
  • Electric Charging Stations 66
  • Biodiesel Stations 1
  • Compressed Natural Gas Stations 8
  • Hydrogen Stations 0
  • Liquefied Natural Gas Stations 1
  • Liquefied Petroleum Gas Stations 63
Compiled by Auto Alliance with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling stations as of April 9, 2019.

New Mexico Consumers

  • $32,295 $32,295 Average MSRP Per New Car
    National Average $31,696
  • $46,744 $46,744 Median Household Income
    National Average $56,516
  • $3,895 $3,895 Median Monthly Household Income
    National Average $4,710
  • $492 $492 Median Monthly New Car Payment
    National Average $576
  • 13% 13% Monthly Car Payment as a Percent of Monthly Income
    National Average 12%

Commuting to Work

  • Drive alone to work (79%)
  • Carpool to work (11%)
  • Take public transportation (1%)
  • Other (9%)
Figures compiled by Auto Alliance 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%.

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