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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 Tennessee Forward

Industry Impact

214.1K
214.1 Thousand total auto jobs in Tennessee
5.20%
5.20% depend on the auto industry for jobs
$15.8B
Total Labor Income Annually
$20.9B
Total Car Sales in 2022
233.8K
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

$2.3B
total state tax revenue
11.43%
% of state tax revenue
$766M
new vehicle sales taxes
$2.9B
used vehicle sales taxes
$162.9M
sales tax on auto parts and services
$1.6B
vehicle use taxes (including gas taxes), licenses and fees
$152.1M
corporate profits tax
$6.6M
state income taxes

Registrations

6.7M
Registered

By Body Style

  • Cars 2,266,362 (33.62%)
  • UVs 2,298,604 (34.1%)
  • Pickups 1,693,560 (25.12%)
  • Vans/Minivans 350,742 (5.2%)

By Powertrain

  • ICE / Hybrid 6,713,737 (99.59%)
  • Electric 18,988 (0.28%)
  • Plug-In Hybrid 8,377 (0.12%)
  • Fuel Cell 0 (0%)
The Tennessee average age of vehicles is 13.3 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

233.8K
Vehicles Sold

By Body Style

  • Cars 44,063 (18.85%)
  • UVs 126,279 (54.01%)
  • Pickups 51,768 (22.14%)
  • Vans/Minivans 11,692 (5%)

By Powertrain

  • ICE / Hybrid 225,637 (96.51%)
  • Electric 6,437 (2.75%)
  • Plug-In Hybrid 1,728 (0.74%)
  • Fuel Cell 0 (0%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 47.3M 47.3 Million Total Exports
  • 3B 3 Billion Total Imports

Economic Activity from 2022

  • 3.9M 3.9 Million Total Exports
  • 349.1M 349.1 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 4,536
  • EV Level 2 Charging Ports 1091
  • EV Level 2 Charging Stations 503
  • EV DC Fast Charging Ports 96
  • EV DC Fast Charging Stations 48

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
$59.7K
Median Household Income
69.40%
Owner Occupied Housing
30.60%
Rental Occupied Housing
87.30%
Owner Occupied Single Family Homes

Commuting to Work

  • Drive Alone to Work (75.81%)
  • Carpool to Work (7.50%)
  • Take Public Transportation (0.36%)
  • Work From Home (13.98%)
  • Other (2.36%)

Housing Type

  • Single Family Home (68.70%)
  • 1-Unit (4.10%)
  • 2-4 Units (4.70%)
  • 5-9 Units (3.40%)
  • 10-19 Units (4%)
  • 20+ Units (7.50%)
  • Mobile / RV / Boat (7.70%)

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

Automaker's Facilities

Ford Motor Company Location Employees
Memphis Regional Office Cordova, TN 31
Ford Credit Nashville Business Center Franklin, TN 728
Memphis High Velocity Center Memphis, TN 113
General Motors Location Employees
Customer Care & Aftersales -- ACDelco, Parts Distribution Center -- Memphis Memphis, TN
Spring Hill Assembly, Stamping and Global Propulsion Systems Spring Hill, TN 3808
Honda Location Employees
American Honda Motor Co., Inc. Parts Center Loudon, TN
LG Location Employees
LG Chem (Under Construction) Clarksville, TN 850
Ultium Cells (Under Construction) Spring Hill, TN 1700
Magna Location Employees
Magna Operations TN 952
Magna Operations TN 417
Nissan North America Location Employees
Nissan Decherd Powertrain Plant Decherd, TN 2400
Nissan North America Corporate Headquarters Franklin, TN 1700
Nissan Smyrna Vehicle Assembly Plant Smyrna, TN 7400
Toyota Location Employees
TMMTN Jackson, TN 400
Volkswagen Group of America Location Employees
Chattanooga Learning Center Chattanooga, TN 16
North American Engineering and Planning Center Chattanooga, TN 84
Volkswagen Chattanooga Assembly Plant Chattanooga, TN 3800
South East Regional Distribution Center Tennessee (SERDC) Lenoir City ?, TN 39