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automotive|Greater Memphis Economic Research Group|Press Releases

GMERG Report predicts sharp growth in Memphis auto industry

March 23, 2023 by Amy Daniels

The Greater Memphis automotive industry has grown 81.5% over the past 10 years to end 2022 as a $3.7 billion industry with 1,153 companies and 18,122 employees, according to a new report from the Greater Memphis Economic Research Group (GMERG).
The region’s automobile and auto parts manufacturing sector is expected to grow 57% in the next five years, including electric vehicle manufacturing growth of +20%, per the report.
The 2022 Greater Memphis Market Automotive Industry Report and its free, two-page summary are available at com

MEMPHIS, Tenn. (Thursday, 3/23/23) – Fueled by electric vehicle investments and strong national demand for auto parts, the automotive industry in Greater Memphis is expected to accelerate its growth over the next five years, according to a new report by the Greater Memphis Economic Research Group (GMERG).