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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 Iowa Forward

Industry Impact

64.9K
64.9 Thousand total auto jobs in Iowa
3.20%
3.20% depend on the auto industry for jobs
$3.8B
Total Labor Income Annually
$9.9B
Total Car Sales in 2022
110.2K
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

$487.1M
total state tax revenue
3.86%
% of state tax revenue
$300.7M
new vehicle sales taxes
$162.1M
used vehicle sales taxes
$63.9M
sales tax on auto parts and services
$1.5B
vehicle use taxes (including gas taxes), licenses and fees
$8.2M
corporate profits tax
$80M
state income taxes

Registrations

3.2M
Registered

By Body Style

  • Cars 910,179 (28.54%)
  • UVs 1,091,820 (34.23%)
  • Pickups 889,365 (27.89%)
  • Vans/Minivans 212,620 (6.67%)

By Powertrain

  • ICE / Hybrid 3,179,339 (99.69%)
  • Electric 5,341 (0.17%)
  • Plug-In Hybrid 4,636 (0.15%)
  • Fuel Cell 1 (0%)
The Iowa average age of vehicles is 13.7 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

110.2K
Vehicles Sold

By Body Style

  • Cars 12,311 (11.17%)
  • UVs 59,711 (54.17%)
  • Pickups 33,914 (30.76%)
  • Vans/Minivans 4,303 (3.9%)

By Powertrain

  • ICE / Hybrid 107,261 (97.3%)
  • Electric 2,019 (1.83%)
  • Plug-In Hybrid 959 (0.87%)
  • Fuel Cell 0 (0%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 21.4K 21.4 Thousand Total Exports
  • 295.5M 295.5 Million Total Imports

Economic Activity from 2022

  • 0.00 0.00 Total Exports
  • 7M 7 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 1,669
  • EV Level 2 Charging Ports 373
  • EV Level 2 Charging Stations 201
  • EV DC Fast Charging Ports 106
  • EV DC Fast Charging Stations 60

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
$65.6K
Median Household Income
71.90%
Owner Occupied Housing
28.10%
Rental Occupied Housing
87.70%
Owner Occupied Single Family Homes

Commuting to Work

  • Drive Alone to Work (74.42%)
  • Carpool to Work (7.46%)
  • Take Public Transportation (0.49%)
  • Work From Home (13.43%)
  • Other (4.20%)

Housing Type

  • Single Family Home (73.20%)
  • 1-Unit (4.30%)
  • 2-4 Units (5.50%)
  • 5-9 Units (3.50%)
  • 10-19 Units (3.90%)
  • 20+ Units (6.60%)
  • Mobile / RV / Boat (3.10%)

Figures compiled by Alliance for Automotive Innovation with data provided U.S. Census Bureau's American Community Survey 2021.

Automaker's Facilities

Honda Location Employees
American Honda Motor Co., Inc. Parts Center Davenport, IA
Magna Location Employees
Magna Operations IA 289
Magna Operations IA 280