BTS — the Bureau of Transportation Statistics — sent out its update to national transportation statistics. In it was a line for the Average Cost of Owning and Operating an Automobile.
The data does not include anything from 2026.
Nonetheless, the data shows big increases in both 2023 and 2024, which BTS chalks up to spikes in finance cost and depreciation. The was an increase of over $1,450 for the average cost to drive 15,000 miles alone in 2023. That’s an increase of nearly 14%.
If we have to wait until 2027 for any numbers from 2026, we’re in for a big spike due to fuel costs.
There are lots of additional data available in the statistics, including wages and salaries in the transportation, as well as how the industry contributes to the U.S. Gross Domestic Product (GDP) in both current dollars and chained 2012 dollars.
You can find it all at this link.
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Remember — only proper service and repair procedures will ensure the safe and reliable operation of your car. In addition, proper safety procedures and precautions, such as the use of safety goggles, the right tools and the equipment should be followed at all times to eliminate the possibility of personal injury or improper service which could damage the vehicle or compromise its safety.
Technology is always changing and what is current and accurate today may be literally out-of-date and inaccurate tomorrow. And when it comes to the current state of flux in the auto industry, nothing is more true.
The author has 30+ years of automotive experience and has assembled the most extensive collection of symbols and warning lights anywhere (over 1,000!) and can help you open and start any keyless start car with a dead key fob battery. BA, St. Joseph’s, ME: MS, RPI, NY
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