Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Average cost of car ownership rises to $8,946 per year]]>http://www.autoblog.com/2012/05/04/average-cost-of-car-ownership-rises-to-8-946-per-year/http://www.autoblog.com/2012/05/04/average-cost-of-car-ownership-rises-to-8-946-per-year/http://www.autoblog.com/2012/05/04/average-cost-of-car-ownership-rises-to-8-946-per-year/#commentsFiled under: ,

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We Americans sure do love the freedom of owning our own automobile, but the price of that freedom is climbing. AAA has released its 62nd annual "Your Driving Costs" study, which shows a 1.9-percent year-over-year increase in the cost of auto ownership. That's an average of $8,946 per year per car, with costs including monthly payment, fuel, maintenance and insurance.

Given the sharp rise in the cost of a gallon of petrol, it's no surprise that prices at the pump are up 14.8 percent, or an average of 14.2 cents per mile. Tire prices are up 4.2 percent, in part because material prices have skyrocketed. The average insurance policy jumped by $33 versus 2010 numbers, with an average rate of $1,001 per year.

Interestingly, used cars are worth more than they were a year ago, with a depreciation drop of 4.9 percent, which means a new car purchase may hold its value a little better than before.

If $8,946 is too rich for your blood, AAA shows that the best bet could be a smaller sedan. Compact models average $6,735 per vehicle, while 4WD SUVs top the charts at $11,360. Large sedans are close to the SUV numbers, with an average of $11,324. AAA based its findings on a driving cycle of 15,000 miles per year. Scroll down below to read the AAA press release.

Continue reading Average cost of car ownership rises to $8,946 per year

Average cost of car ownership rises to $8,946 per year originally appeared on Autoblog on Fri, 04 May 2012 10:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaaauto ownershipcarcar ownershipcost of car ownershipcost of carscost of ownershipinsurancereal cost of carsvehicleFri, 04 May 2012 10:31:00 EST http://www.autoblog.com/feed/20229626/article-comments.xml http://www.autoblog.com/feed/2012/05/04/average-cost-of-car-ownership-rises-to-8-946-per-year/20229626/article-detail.xml 20229626 http://www.blogcdn.com/www.autoblog.com/media/2012/05/dollar-keyboard_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2012/05/dollar-keyboard.jpg <![CDATA[A Prius costs $846/year to fuel... and other fun facts about car costs]]>http://www.autoblog.com/2010/05/12/infographic-the-cost-of-driving-a-car/http://www.autoblog.com/2010/05/12/infographic-the-cost-of-driving-a-car/http://www.autoblog.com/2010/05/12/infographic-the-cost-of-driving-a-car/#commentsFiled under: ,

Click above to view infographic after the jump

The average retail price of a vehicle in the U.S. keeps going up and up. But it's the cost of driving a car, not the cost of the car itself, that most people forget to factor in when considering which set of wheels to buy. Follow the jump for our latest infographic that explores that cost of driving a car.

[Source: Auto Insurance for Autoblog.com, Source Image: Photos8.com / CC BY 2.0]

Continue reading A Prius costs $846/year to fuel... and other fun facts about car costs

A Prius costs $846/year to fuel... and other fun facts about car costs originally appeared on Autoblog on Wed, 12 May 2010 10:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cost of car ownershipcost of driving a carcost of driving a car infographicCostOfCarOwnershipCostOfDrivingACarCostOfDrivingACarInfographicfeaturedinfographicthe cost of driving a carTheCostOfDrivingACarWed, 12 May 2010 10:58:00 EST http://www.autoblog.com/feed/19473278/article-comments.xml http://www.autoblog.com/feed/2010/05/12/infographic-the-cost-of-driving-a-car/19473278/article-detail.xml 19473278 http://www.blogcdn.com/www.autoblog.com/media/2010/05/the-cost-of-driving-a-car-41opta_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2010/05/the-cost-of-driving-a-car-41opta.jpg -1 2