A new study from AAA reveals that the annual cost of owning and operating a new car has risen sharply, now approaching $13,000 per year. The analysis factors in expenses like fuel, insurance, maintenance, and depreciation, highlighting how financial burdens have grown for drivers. With inflation and supply chain issues continuing to impact vehicle prices, the findings underscore the steep financial commitment of car ownership today. Drivers considering a new vehicle may need to weigh these costs carefully against their budgets.
AAA study: Owning and operating a new car now costs nearly $13,000 a year WXYZ 7 News Detroit
