Manufacturing Economy Monitor

Motor Vehicles and Parts Manufacturing in New Mexico

Motor Vehicles and Parts manufacturing added $11M of value to New Mexico's economy in 2024, down 6.6% year over year. That ranks New Mexico 47th of 51 states and DC for this industry. It is 0.2% of New Mexico's manufacturing output. Nationally, motor vehicles and parts is a $184B industry (the 7th-largest of the 19 manufacturing subsectors), per the U.S. Bureau of Economic Analysis.

Output and rank

  • Value added: $11M in 2024, #47 of 51 states and DC for this industry.
  • Growth: -6.6% year over year.
  • Share of New Mexico's manufacturing: 0.2% of the state's total manufacturing value added.
  • National context: motor vehicles and parts is a $184B industry nationally, #7 of the 19 manufacturing subsectors (-1% year over year).
  • Classification: durable goods manufacturing (BEA subsector 3361MV).

Frequently asked questions

  • How big is the motor vehicles and parts industry in New Mexico? Motor Vehicles and Parts added $11M of value in New Mexico in 2024, ranking the state 47th of 51 for this industry, per BEA state GDP-by-industry data.
  • Is motor vehicles and parts growing in New Mexico? New Mexico's motor vehicles and parts output shrank 6.6% year over year to 2024. The chart above traces the full annual series since 1997.
  • What share of New Mexico's manufacturing is motor vehicles and parts? Motor Vehicles and Parts is 0.2% of New Mexico's total manufacturing value added in 2024, per BEA state GDP-by-industry data.

About this data

  • Source: U.S. Bureau of Economic Analysis (public domain). National quarterly values are seasonally adjusted annual rates. Corporate-profit industry detail reflects inventory valuation adjustment without capital consumption adjustment, per NIPA table 6.16D conventions.

Last reviewed 2026-05-12.