New Mexico is an Auto State

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Auto industry workers: a technician in a hard hat, an assembler at a workbench, a designer sketching a car, and a battery-line worker.

35.3K Jobs

Automaker Facilities

Built in New Mexico

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Source: Alliance for Automotive Innovation — Member Facility Directory, New Mexico, 2024.

Tax Revenue Generation

$564.77M

in state tax revenue generated by the automotive industry’s economic activity.

of total state tax revenue

$160.36M

Federal income taxes

$517.60M

Vehicle use tax / licenses / fees

$151.37M

New vehicle sales taxes

$44.52M

Parts & services sales tax

$8.38M

Corporate profits taxes

$88.55M

Used vehicle sales taxes

Source: Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2023 data year.

Vehicles Sold

82.3K

2024 Vehicle Sales

$3.78B

The average age of New Mexico vehicles is 14 years

Compared to the national average of 12.2 years

Source: Compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, sales figures represent new vehicle registrations between January 1, 2024 - December 31, 2024; average age compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility, vehicles in operation as of December 31, 2024; New vehicle sales revenue derived from NADA Data.

82.3K

new vehicles sold across New Mexico in 2024

Purchases ByBody Style

41.9K UVs (50.84%)
23.5K Pickups (28.56%)
15.0K Cars (18.20%)
2.0K Vans/Minivans (2.41%)

Purchases ByPowertrain

78.1K ICE / Hybrid (94.83%)
3.3K Electric (3.97%)
1.0K Plug-in Hybrid (1.20%)

Source: Registration figures compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility as of December 31, 2024; new purchase figures compiled by Alliance for Automotive Innovation with data provided by S&P Global Mobility representing new vehicle registrations between January 1, 2024 – December 31, 2024.

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