Economic Insights
See Auto Industry Impacts at the National, State, and Congressional District levels.
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- Tax Revenue
- Registrations
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State Facts
Autos Drive New Mexico Forward
Industry Impact
32.8K
32.8 Thousand total auto jobs in New Mexico
3.00%
3.00% depend on the auto industry for jobs
$1.89B
Total Labor Income Annually
$6.31B
Total Car Sales in 2022
70.4K
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
$486.27M
total state tax revenue
6.51%
% of state tax revenue
$99.07M
new vehicle sales taxes
$786.36M
used vehicle sales taxes
$35.99M
sales tax on auto parts and services
$449.31M
vehicle use taxes (including gas taxes), licenses and fees
$1.31M
corporate profits tax
$20.31M
federal income taxes
Registrations
1.98M
Registered
By Body Style
- Cars 634,292 (31.99%)
- UVs 613,991 (30.97%)
- Pickups 614,059 (30.97%)
- Vans/Minivans 77,402 (3.9%)
By Powertrain
- ICE / Hybrid 1,972,782 (99.5%)
- Electric 6,292 (0.32%)
- Plug-In Hybrid 3,523 (0.18%)
- Fuel Cell 0 (0%)
The New Mexico average age of vehicles is 13.9 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
70.4K
Vehicles Sold
By Body Style
- Cars 13,447 (19.09%)
- UVs 35,739 (50.73%)
- Pickups 19,678 (27.93%)
- Vans/Minivans 1,584 (2.25%)
By Powertrain
- ICE / Hybrid 67,701 (96.1%)
- Electric 2,089 (2.97%)
- Plug-In Hybrid 658 (0.93%)
- Fuel Cell 0 (0%)
Auto-related Activity at Ports
Economic Activity From Past Decade
- 1.12B 1.12 Billion Total Exports
- 295.9M 295.9 Million Total Imports
Economic Activity from 2022
- 19.15M 19.15 Million Total Exports
- 48.68M 48.68 Million 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 1,172
- EV Level 2 Charging Ports 298
- EV Level 2 Charging Stations 143
- EV DC Fast Charging Ports 62
- EV DC Fast Charging Stations 27
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
$54K
Median Household Income
69.50%
Owner Occupied Housing
30.50%
Rental Occupied Housing
83.20%
Owner Occupied Single Family Homes
Commuting to Work
- Drive Alone to Work (72.21%)
- Carpool to Work (8.52%)
- Take Public Transportation (0.37%)
- Work From Home (15.23%)
- Other (3.68%)
Housing Type
- Single Family Home (64.60%)
- 1-Unit (4.20%)
- 2-4 Units (5.20%)
- 5-9 Units (2.80%)
- 10-19 Units (2.50%)
- 20+ Units (4.70%)
- Mobile / RV / Boat (16.10%)
Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.