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The real cost of car ownership in the US
UNITED STATES, JUL 14 – Tariffs on imported vehicles and rising fuel, insurance, and maintenance costs have pushed the average U.S. car ownership expense to $12,297 annually, AAA reports.
- In the U.S., the average annual cost of owning a car has reached $12,297, translating to about $1,025 per month.
- Tariffs imposed on imports this April, steeply raising prices by $4,000 to $10,000 on foreign brand vehicle prices.
- AAA data show car insurance premiums will surge by 10%, parking in New York City costs over $7,400 annually, and gas averages 14.9 cents per mile, AAA says.
- Experian reports new car payments at 745, while leasing cost 595 versus used at 521.
- Overall, costs have risen 39% since May 2019, though ownership inflation was flat in May 2025.
42 Articles
42 Articles
The real cost of car ownership in the US | News Channel 3-12
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The value of car ownership and use in the United States
It is widely accepted that consumers underestimate the full cost of car ownership and that correcting this bias could meaningfully accelerate the adoption of shared mobility. Yet this argument fails to consider how much benefit consumers enjoy from owning their own vehicle. Here we estimate the value of private car ownership and use in four US metro areas—Chicago, Illinois; Dallas, Texas; Seattle, Washington; and Washington DC—using online discr…
The Times of Northwest Indiana
The real cost of car ownership in the US
Way.com reports that car ownership costs in the U.S. average $12,297 annually, factoring in purchase, insurance, fuel, maintenance, and parking.
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