A new report from AAA reveals that the annual cost of owning a vehicle has risen sharply, now exceeding $12,800 per year. The analysis factors in expenses such as fuel, maintenance, insurance, and depreciation, highlighting how inflation and market shifts are squeezing budgets. Drivers facing higher prices for repairs, parts, and energy may find their transportation costs climbing faster than wages. The findings underscore the growing financial burden of vehicle ownership for many households.
AAA: New vehicle ownership costs hit $12,863 annually Mainstreet Daily News Gainesville
