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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 Arkansas Forward

Industry Impact

53.5K
53.5 Thousand total auto jobs in Arkansas
3.30%
3.30% depend on the auto industry for jobs
$3B
Total Labor Income Annually
$8.6B
Total Car Sales in 2022
95.9K
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

$812.8M
total state tax revenue
6.91%
% of state tax revenue
$329.3M
new vehicle sales taxes
$231.5M
used vehicle sales taxes
$70M
sales tax on auto parts and services
$786.7M
vehicle use taxes (including gas taxes), licenses and fees
$9.7M
corporate profits tax
$64.5M
state income taxes

Registrations

2.8M
Registered

By Body Style

  • Cars 781,638 (28.4%)
  • UVs 891,129 (32.38%)
  • Pickups 886,962 (32.22%)
  • Vans/Minivans 112,956 (4.1%)

By Powertrain

  • ICE / Hybrid 2,746,492 (99.78%)
  • Electric 3,801 (0.14%)
  • Plug-In Hybrid 2,159 (0.08%)
  • Fuel Cell 0 (0%)
The Arkansas average age of vehicles is 13.8 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

95.9K
Vehicles Sold

By Body Style

  • Cars 15,309 (15.97%)
  • UVs 49,786 (51.93%)
  • Pickups 27,908 (29.11%)
  • Vans/Minivans 2,877 (3%)

By Powertrain

  • ICE / Hybrid 93,957 (97.99%)
  • Electric 1,456 (1.52%)
  • Plug-In Hybrid 467 (0.49%)
  • Fuel Cell 0 (0%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 0.00 0.00 Total Exports
  • 0.00 0.00 Total Imports

Economic Activity from 2022

  • 0.00 0.00 Total Exports
  • 0.00 0.00 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 2,188
  • EV Level 2 Charging Ports 454
  • EV Level 2 Charging Stations 172
  • EV DC Fast Charging Ports 29
  • EV DC Fast Charging Stations 9

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
$52.5K
Median Household Income
67.00%
Owner Occupied Housing
33.00%
Rental Occupied Housing
81.40%
Owner Occupied Single Family Homes

Commuting to Work

  • Drive Alone to Work (78.92%)
  • Carpool to Work (8.81%)
  • Take Public Transportation (0.19%)
  • Work From Home (9.74%)
  • Other (2.35%)

Housing Type

  • Single Family Home (70.80%)
  • 1-Unit (1.90%)
  • 2-4 Units (5.90%)
  • 5-9 Units (3.30%)
  • 10-19 Units (3.60%)
  • 20+ Units (3.30%)
  • Mobile / RV / Boat (11.20%)

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