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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 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
$1.9B
Total Labor Income Annually
$6.3B
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

$486.3M
total state tax revenue
6.51%
% of state tax revenue
$99.1M
new vehicle sales taxes
$786.4M
used vehicle sales taxes
$36M
sales tax on auto parts and services
$449.3M
vehicle use taxes (including gas taxes), licenses and fees
$1.3M
corporate profits tax
$20.3M
state income taxes

Registrations

2M
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

  • 1.1B 1.1 Billion Total Exports
  • 295.9M 295.9 Million Total Imports

Economic Activity from 2022

  • 19.1M 19.1 Million Total Exports
  • 48.7M 48.7 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 1,172
  • 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.