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Although new vehicle transaction prices are trending down slightly in 2023, the average is sitting at a high $48,275, up 3.7% or $1,744 year-over-year (YoY) for April.
After all, the average used vehicle costs $25,151, whereas the average new vehicle costs $47,244, according to Kelley Blue Book. Read More: 10 Affordable Compact Cars That Will Last 300,000 Miles
“If you get the heavy-duty diesel version, you may get higher mileage, but your repair costs will be even higher.” With 12 in the city and 18 on the highway, the Ram 2500 gets just 15 combined ...
Due in part to manufacturing improvements, such as tighter tolerances and better anti-corrosion coatings, in 2012 the typical car was estimated to last for 200,000 miles (320,000 km) [4] with the average car in 2024 lasting 160,545 miles according to the website Junk Car Reaper.
As fuel efficiency rises, people may drive their cars more, which can mitigate some of fuel savings and the decrease in carbon dioxide emissions from the higher standards. According to the National Academies Report (Page 19) [ 2 ] a 10% improvement in fuel efficiency leads to an average increase in travel distance of 1–2%.
In 2020 the average light-duty automobile, including light trucks, in the US had a fuel economy rating of 23.0 MPG or 10.2 liters per 100 kilometers. [20] The average fuel economy for passenger vehicles in the United States remained stagnant throughout the 1990s and 2000s, peaking in 2001 and 2004.
(The Center Square) - California utility prices have increased 51% more than then national average, while California rents have increased 21.6% less than national average, according to a new ...
EV charging has improved, but there is still a long way to go to convince the average driver. Demand for electric vehicles in the US fell 14% in 2023, according to EY's study. Hybrids are still ...