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Microstates such as San Marino, Andorra and Liechtenstein have high rates of car ownership. Countries and territories listed by the number of road motor vehicles per 1,000 inhabitants are as follows. Population figures are from the United Nations Statistics Division unless otherwise specified. [1]
In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year.
How To Calculate the Cost of Owning a Car. An easy way to figure out how much owning a car costs is to use a car cost calculator. All you need to do is add up your regular car expenses, like gas ...
If you've ever purchased a new car, you probably needed a loan. About 80% of new cars are financed with either a loan or lease in the United States, according to 2023 data from the Federal Reserve....
The IRS considers that the average US automobile has a total cost of US$0.58/mile, around €0.32/km. [11] According to the American Automobile Association, the average driver of the average sedan spends totally approximately US$8,700 per year, or US$720 per month, to own and operate their vehicle.
A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
The General crunched Bureau of Labor Statistics data to determine how much the cost of owning a car has risen since 2010.
Among the 17 vehicles assembled in Canada, [needs update] excluding assembly costs, the amount of Canadian parts content in the average vehicle assembled in Canada was $4,105 in 2016 or 17.2% of the overall parts content, according to a study by DesRosiers. [3] The number has fluctuated between 25.6% and as low as 13% in recent years. [3]