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Economic Insights

See Auto Industry Impacts at the National, State, and Congressional District levels.
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State Facts

Autos Drive Colorado Forward

Industry Impact

120.7K
120.7 Thousand total auto jobs in Colorado
3.10%
3.10% depend on the auto industry for jobs
$8.27B
Total Labor Income Annually
$21.18B
Total Car Sales in 2022
236.7K
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

$748.75M
total state tax revenue
3.89%
% of state tax revenue
$307.86M
new vehicle sales taxes
$216.45M
used vehicle sales taxes
$65.46M
sales tax on auto parts and services
$1.12B
vehicle use taxes (including gas taxes), licenses and fees
$17.46M
corporate profits tax
$180.24M
federal income taxes

Registrations

5.45M
Registered

By Body Style

  • Cars 1,485,316 (27.26%)
  • UVs 2,348,448 (43.11%)
  • Pickups 1,222,360 (22.44%)
  • Vans/Minivans 243,168 (4.46%)

By Powertrain

  • ICE / Hybrid 5,373,684 (98.64%)
  • Electric 53,113 (0.97%)
  • Plug-In Hybrid 21,101 (0.39%)
  • Fuel Cell 1 (0%)
The Colorado average age of vehicles is 13.1 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

236.7K
Vehicles Sold

By Body Style

  • Cars 34,333 (14.5%)
  • UVs 142,803 (60.33%)
  • Pickups 50,700 (21.42%)
  • Vans/Minivans 8,884 (3.75%)

By Powertrain

  • ICE / Hybrid 213,980 (90.39%)
  • Electric 17,636 (7.45%)
  • Plug-In Hybrid 5,104 (2.16%)
  • Fuel Cell 0 (0%)

Auto-related Activity at Ports

Economic Activity From Past Decade

  • 13.49M 13.49 Million Total Exports
  • 36.46M 36.46 Million Total Imports

Economic Activity from 2022

  • 1.77M 1.77 Million Total Exports
  • 4.43M 4.43 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 2,204
  • EV Level 2 Charging Ports 2969
  • EV Level 2 Charging Stations 1356
  • EV DC Fast Charging Ports 383
  • EV DC Fast Charging Stations 199
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
$82.3K
Median Household Income
51.70%
Owner Occupied Housing
48.30%
Rental Occupied Housing
79.40%
Owner Occupied Single Family Homes

Commuting to Work

  • Drive Alone to Work (63.67%)
  • Carpool to Work (7.06%)
  • Take Public Transportation (1.32%)
  • Work From Home (23.75%)
  • Other (4.19%)

Housing Type

  • Single Family Home (48.50%)
  • 1-Unit (9.30%)
  • 2-4 Units (6.70%)
  • 5-9 Units (8.20%)
  • 10-19 Units (7.60%)
  • 20+ Units (18.30%)
  • Mobile / RV / Boat (1.40%)
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
Ford Credit Colorado Springs Business Center Colorado Springs, CO 381
Denver High Velocity Center VC Denver, CO 29
Denver Regional Office Greenwood Village, CO 20
General Motors Location Employees
Customer Care & Aftersales - Parts Distribution Center - Denver Aurora, CO 73
GM Financial -- Denver Branch Office Greenwood Village, CO 1
Honda Location Employees
Denver Test Lab Denver, CO
American Honda Motor Co., Inc. Zone Office Englewood, CO
American Honda Education Corp Estes Park, CO
Stellantis Location Employees
Denver Parts Distribution Center Denver, CO 50
Subaru of America Location Employees
RDC - Denver Aurora, CO 17
Subaru Service Training Center - Denver Aurora, CO 2
Western Region Glendale, CO 21
Western Region - Zone 1 Denver (DEN) Glendale, CO 15