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To answer the question of how much a car costs altogether, a good place to start is with the actual cost of a vehicle. According to Kelley Blue Book, the average cost of a used car in October 2023 ...
New and used car prices have increased due to the COVID-19 pandemic, gas prices have been fluctuating year over year, and many people want big cars that are much more expensive to own than small cars.
According to Kelley Blue Book, the average cost of a new car as of March was $48,008, representing a 3.8% increase in transaction prices over the prior 12 months. Be Aware: 6 Used Cars To Stay ...
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]
In 2011, two years after launching a similar service for new vehicles, the company launched a used car inventory search tool, allowing users to compare vehicles in their market. [12] Edmunds.com launched its first TV advertising campaign in select markets in 2012, before expanding nationally in 2013. [ 13 ]
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.
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