Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- Industry Impact
- Tax Revenue
- Registrations
- New Purchases
- Activity at Ports
- Fueling
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Congressional District 5
Autos Drive New Jersey Forward
Industry Impact
9K
9 Thousand total auto jobs in New Jersey
2.00%
2.00% depend on the auto industry for jobs
$806.19M
Total Labor Income Annually
48.4K
Total New Cars Sold in 2022
Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2021 data year; compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2022 - December 31, 2022.
Tax Revenue
$82.31M
total state tax revenue
$1.38M
corporate profits tax
$9.31M
federal income taxes
Registrations
623.8K
Registered
By Body Style
- Cars 225,107 (36.09%)
- UVs 304,356 (48.79%)
- Pickups 51,228 (8.21%)
- Vans/Minivans 35,697 (5.72%)
By Powertrain
- ICE / Hybrid 611,475 (98.03%)
- Electric 9,162 (1.47%)
- Plug-In Hybrid 3,128 (0.5%)
- Fuel Cell 7 (0%)
The New Jersey congressional district 5 average age of vehicles is 9.41 years; The national average is 12.2.
Figures compiled by Powerbase Associates with data provided by S&P Global Mobility as of December 31, 2022.
New Purchases
48.4K
Vehicles Sold
By Body Style
- Cars 10,587 (21.88%)
- UVs 32,993 (68.19%)
- Pickups 3,421 (7.07%)
- Vans/Minivans 1,384 (2.86%)
By Powertrain
- ICE / Hybrid 43,685 (90.29%)
- Electric 3,754 (7.76%)
- Plug-In Hybrid 946 (1.96%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- Total Exports
- Total Imports
Economic Activity from 2022
- Total Exports
- Total Imports
Compiled by Powerbase Associates with data provided by USA Trade Online, figures represent port activity over the past decade and between January 1, 2022 - December 31, 2022.
Fueling
- Gasoline Stations 321
- EV Level 2 Charging Ports 202
- EV Level 2 Charging Stations 75
- EV DC Fast Charging Ports 16
- EV DC Fast Charging Stations 12
Compiled by Alliance for Automotive Innovation with data provided by U.S. Department of Energy's Alternative Fuels Data Center, figures represent fueling data as of January 1, 2023.
Consumers
$113.3K
Median Household Income
78.30%
Owner Occupied Housing
21.70%
Rental Occupied Housing
93.70%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (59.50%)
- Carpool to Work (6.10%)
- Take Public Transportation (5.30%)
- Work From Home (25.10%)
- Other (3.90%)
Housing Type
- Single Family Home (71.40%)
- 1-Unit (6.50%)
- 2-4 Units (9.10%)
- 5-9 Units (2.70%)
- 10-19 Units (2.10%)
- 20+ Units (7.70%)
- Mobile / RV / Boat (0.50%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.