Cost of Owning and Operating Vehicle in U.S. Increased 1.9% According to AAA’s 2012 “Your Driving Costs” Study

Driving CostsAAA released the results of its 62nd annual Your Driving Costs study today, revealing a 1.9 % rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving.

“The average driving cost for 2012 is up due to relatively large increases in fuel and tire costs, and more moderate increases in other areas,” said John Nielsen, AAA director of Automotive Engineering and Repair. “Those increases were offset by a decrease in depreciation, resulting in an overall increase of 1.9%.”

  • Fuel Costs Up 14.8%
  • Tire Costs Up 4.2%
  • Depreciation Drops 4.9%
  • Maintenance Costs Up 0.7%
  • Insurance Costs Up 3.4%

The Your Driving Costs study analyzes the cost to own and operate a vehicle in the U.S. Variable operating costs considered in the study include fuel, maintenance, and tires.

Based on driving 15,000 miles annually Small Sedan Medium Sedan Large Sedan Sedan Average SUV 4WD Minivan
Cost Per Mile 44.9 cents 58.5 cents 75.5 cents 59.6 cents 75.7 cents 63.4 cents
Cost Per Year $6,735 $8,780 $11,324 $8,946 $11,360 $9,504

Source: AAA

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