New research from AAA reveals that the average annual cost of owning a vehicle has risen sharply, now exceeding $12,000 per year. The report highlights steep increases in expenses related to maintenance, fuel, insurance, and depreciation, reflecting broader economic pressures on drivers. Experts warn that these growing financial burdens could influence consumer purchasing decisions and market trends. The findings underscore the need for drivers to budget carefully as vehicle ownership becomes increasingly expensive.
AAA: New Vehicle Ownership Costs Hit $12,863 Annually Body Shop Business
