Inflation Sends Car Ownership Costs Soaring to Over $10,000 a Year: AAA

Click here to read the full article.

Owning and operating a new car has become increasingly more expensive over the last year, driven predominantly by inflation and rising fuel prices, according to the American Automobile Association’s (AAA’s) annual “Your Driving Costs” report.

The overall average cost to own and operate a new car in 2022 is $10,728 on an annual basis, or $894 per month, marking a considerable increase from 2021 when owning a new car cost $9,666 annually, or $805.50 per month, according to AAA.

That marks a nearly 11 percent increase from last year.

Continue reading here.

Scroll down for comments and share your thoughts!

Author

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Biden Revives Biggest Offshore Oil and Gas Lease Sale in America’s History

Gov. DeSantis Announces the Pending Arrest of 20 for Voter Fraud