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Kelley Blue Book says that the average American would need to work 37.4 weeks to pay off the average new car sale price. That's better affordability than America has seen since August 2021.
Father’s Day ranks as the worst day of the year for getting a good deal on a used car, coming in at 33.1% lower than the annual average. That’s followed by the Fourth of July (-31.1%) and ...
In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year.
However, the national average gas price was $3.19 per gallon over the last year. To calculate your average monthly gas expense, divide your monthly mileage by your vehicle's fuel economy rating.
The IRS considers that the average US automobile has a total cost of US$0.58/mile, around €0.32/km. [11] According to the American Automobile Association, the average driver of the average sedan spends totally approximately US$8,700 per year, or US$720 per month, to own and operate their vehicle.
Used car prices fell 2.3% over the prior month in July and 10.9% from the prior year, data from the BLS revealed on Wednesday. New car prices fell 0.2% in July and 1.4% from the prior year.
1951. New Kaiser-Frazer Henry J: $13,832.93 Used 1949 Ford Custom Tudor: $12,146.98 Used 1948 4-door Packard Sedan: $12,146.98 More people were driving cars in 1951, so roads were being built to ...
The average price of a new car rose above $41,000 for the first time in U.S. history, and analysts say demand will keep prices up. Average new car price hits record $41,000 [Video] Skip to main ...