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Autos Drive Vermont Forward

Industry Impact

  • 14,054 14,054 Total Auto Jobs in State
  • 3.2% 3.2% of State Workforce
  • $738.66M $738.66 Million Labor Income
  • $1.34B $1.34 Billion in Total 2018 Car Sales
  • 42,913 42,913 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

  • $162.82M $162.82 Million in Total State Tax Revenue
  • 5% 5% of State Tax Revenue
  • $90M $90 Million in New Vehicle Sales Taxes
  • $48M $48 Million in Used Vehicle Sales Taxes
  • $19M $19 Million in Sales Taxes on Auto Parts and Services
  • $166.84M $166.84 Million in Vehicle Use Taxes (Including Gas Taxes), Licenses and Fees
  • $2M $2 Million in Corporate Profits Tax
  • $14M $14 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

564,886 Registered Vehicles

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 (94.10%)
  • Diesel 17,984 (3.18%)
  • Hybrid 12,393 (2.19%)
  • Electric 1,057 (0.19%)
  • Plug-In Hybrid 1,869 (0.33%)
In Vermont, the average age of vehicles is 9.7 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

42,913 Vehicles Sold

By Body Style

  • Cars 8,967 (20.90%)
  • CUVs 18,920 (44.09%)
  • SUVs 2,470 (5.76%)
  • Pickups 11,330 (26.40%)
  • 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%)
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

  • $561.82 Million Total Imports
  • $253.20 Million Total Exports

Economic Activity From 2018

  • $78.98 Million Total Imports
  • $18.33 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 461
  • Electric Charging Stations 211
  • Biodiesel Stations 3
  • Compressed Natural Gas Stations 1
  • Hydrogen Stations 0
  • Liquefied Natural Gas Stations 0
  • Liquefied Petroleum Gas Stations 1
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.

Vermont Consumers

  • $31,259 $31,259 Average MSRP Per New Car
    National Average $31,696
  • $57,513 $57,513 Median Household Income
    National Average $56,516
  • $4,793 $4,793 Median Monthly Household Income
    National Average $4,710
  • $476 $476 Median Monthly New Car Payment
    National Average $576
  • 10% 10% Monthly Car Payment as a Percent of Monthly Income
    National Average 12%

Commuting to Work

  • Drive alone to work (75%)
  • Carpool to work (9%)
  • Take public transportation (1%)
  • Other (14%)
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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