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The annual cost of owning a car has skyrocketed in the last year to over $12K
The annual cost of owning a car has skyrocketed in the last year to over $12K A July picture of a car dealership in Chicago, Illinois. | Photo by Scott Olson / Getty ImagesAmericans are now paying an average of $12,182 to own and operate a brand-new vehicle, or $1,015 per month, according to AAA.
That’s a big jump over 2022, when the average cost of owning a car was $10,728. The increase, AAA says, comes down to higher p...
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