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Auto manufacturing contributed $15.1 billion to the Texas GDP in 2020 and accounted for 10.5 percent of the national industry GDP of $144 billion. Texas’ total auto industry had average annual wages of about $68,100 in 2020, higher than the U.S. average of about $66,500.
t. e. In the United States, the automotive industry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive ...
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• In 2020, all Texas automobile manufacturing imports totaled $38.3 billion (14 percent of U.S. total), and the state had $11.7 billion in exports (about 11 percent of the U.S. total). Texas exports in vehicle parts were $8.3 billion in 2020, accounting for 19 percent of the U.S. total.
AUTO GROWTH IN HIGH GEAR: More than 1,750 auto-motive manufacturing plants are already located in Texas and additional companies moving or expanding to Texas at a rapid pace. Since 2017, automotive plant investments in the Lone Star State have totaled more than $2.5 billion. Due to this growth, the state has experienced a 17% increase in
Sep 14, 2020 · September 14, 2020 12:00 AM. Texas has been a busy state for auto industry investment as of late. Following a spate of major manufacturing projects in the past year for Toyota, Continental,...
From 2009 to 2016, total exports of cars and trucks from Texas more than doubled, from $9.2 billion to more than $18.5 billion. Texas has also experienced a 17% increase in automotive manufacturing output since 2014, according to the Governor’s Office of Economic Development & Tourism.
Texas. Clear All. SAVE AS PDF. State Facts. Autos Drive Texas Forward. Industry Impact. 685.1K. 685.1 Thousand total auto jobs in Texas. 3.90% depend on the auto industry for jobs. $46.88B. Total Labor Income Annually. $115.6B. Total Car Sales in 2022. 1.29M. Total New Cars Sold in 2022.
