Buying and running a new car has become significantly more expensive, with annual costs now exceeding $12,000 due largely to rising fuel prices. The financial burden extends beyond the initial purchase, as drivers face higher expenses at the pump and increased maintenance costs. Experts warn that these trends could push car ownership out of reach for many consumers. The shift may accelerate demand for alternative transportation options as affordability remains a growing concern.
Owning a new car now costs more than $12,000 annually amid higher gas prices Scripps News
