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Figure 4-7 Average Total Cost of Owning and Operating an Automobile: 1990–2014

Friday, September 18, 2015

Excel

Figure 4-7 Average Total Cost of Owning and Operating an Automobile: 1990–2014

  1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
U.S. Average Total Costs (current $) 4,954 5,601 5,824 5,804 5,916 6,185 6,389 6,723 6,908 7,050 7,363 7,654 7,533 7,754 8,431 7,834 7,823 8,121 8,095 8,487 8,776 8,946 9,122 8,876
U.S. Average Total Costs (inflation-adjusted $2013) 8,857 9,759 9,928 9,669 9,563 9,638 9,693 10,127 10,640 10,658 10,489 10,838 10,753 10,722 11,234 9,776 9,388 9,541 9,000 10,315 9,876 9,151 9,107 8,876

NOTES: U.S. average total costs include fixed ownership costs (insurance, license, registration, taxes, depreciation, and finance charges) plus variable operating costs (fuel, maintenance, and tires). All figures reflect the average cost of operating a vehicle 15,000 miles per year in stop and go conditions. Inflation-adjustments are based on CPI for all urban consumers (CPI-U), U.S. city average, (1982-84=100) annual average index for private transportation.

SOURCES: Costs—American Automobile Association, Your Driving Costs, available at www.aaapublicaffairs.com as of April 2015 and Bureau of Transportation Statistics, National Transportation Statistics, table 3-17, available at www.bts.gov as of April 2015. Inflation adjustments—U.S. Department of Labor, Bureau of Labor Statistics, CPI detailed report, table 1A and 3A, data for January 2015, available at http://www.bls.gov/cpi/cpid1501.pdf as of April 2015.