Posts Tagged ‘aaa cost of driving’

Average new vehicle will cost nearly $8,500 annually to own and operate

ORLANDO, Fla. (August 23, 2017) – Owning and operating a new vehicle in 2017 will cost a driver an average of $8,469 annually, or $706 each month, according to a new study from AAA. The annual evaluation of driving costs reveals that small sedans are the least expensive vehicles to drive at $6,354 annually, however small SUVs ($7,606), hybrids ($7,687) and electric vehicles ($8,439) all offer lower-than-average driving costs to U.S. drivers. Conversely, of the nine categories included in the evaluation, pickup trucks are the most expensive vehicles to drive at $10,054 annually.

Additional Resources

“Determining the cost of a new vehicle car is more than calculating a monthly payment,” cautioned John Nielsen, AAA’s managing director of Automotive Engineering and Repair. “While sales price is certainly a factor, depreciation, maintenance, repair and fuel costs should be equally important considerations for anyone in the market for a new vehicle.”

In addition to analyzing the ownership costs for sedans, SUVs and minivans, AAA’s Your Driving Costs study added four new vehicle segments in 2017 – small SUVs, pickup trucks, hybrids and electric vehicles.

Vehicle Type Annual Cost*   Vehicle Type Annual Cost*
Small Sedan $6,354   Minivan $9,146
Small SUV $7,606   Large Sedan $9,399
Hybrid $7,687   Medium SUV $9,451
Medium Sedan $8,171   Pickup Truck $10,054
Electric Vehicle $8,439   Average $8,469

*Based on 15,000 miles driven annually

To estimate the overall cost to own and operate a new vehicle, AAA evaluated 45 2017 model-year vehicles across nine categories and focused on mid-range, top-selling vehicles. AAA’s annual driving cost is based on a sales-weighted average of the individual costs for all of the vehicle types. Key findings include:

Depreciation

Depreciation — the declining value of a vehicle over time — is the biggest, and most often overlooked, expense associated with purchasing a new car. New vehicles lose an average of $15,000 in value during the first five years of ownership. In 2017, small sedans ($2,114) and small SUVs ($2,840) have the lowest annual depreciation costs, while minivans ($3,839) and electric vehicles ($5,704) are at the high end of the scale.

Maintenance and repair

To calculate annual maintenance and repair costs, AAA examined factory-recommended maintenance, replacement tires, extended warranty costs and services associated with typical wear-and-tear. New vehicles, on average, will cost a driver $1,186 per year to maintain and repair.

The inevitable costs associated with maintenance and repair should be an important consideration for car shoppers, as a recent AAA survey found that one-third of U.S. drivers could not afford an unexpected repair bill. AAA Approved Auto Repair facilities offer free vehicle inspections, AAA member discounts and a 24-month/24,000-mile warranty for AAA members. Visit AAA.com/AutoRepair to find a nearby facility.

Fuel

Fuel costs vary significantly by vehicle type, ranging from 3.68 cents per mile (electric vehicles) to 13.88 cents per mile (pickup trucks). New vehicle owners, on average, will spend just over 10 cents per mile – about $1,500 annually — to fuel their vehicles.

For gasoline-powered vehicles, AAA recommends selecting a TOP TIER gasoline, as its independent research found it to keep engines 19 times cleaner, improving vehicle performance and fuel economy. AAA cautions drivers that using premium-grade gasoline in a vehicle that does not specifically require it is an unnecessary expense.

Electric Vehicles

New to the Your Driving Costs study in 2017, AAA found that electric vehicles have lower-than-average driving costs at $8,439 per year. Without a gasoline engine to maintain, electric vehicles have the lowest annual maintenance and repair costs, at $982 per year. By relying on electricity instead of gasoline, fuel costs are also significantly lower than average, at under four cents per mile. Depreciation, however, is currently extremely high for these vehicles, losing an average of nearly $6,000 in value every year.

A recent AAA survey revealed that 1-in-6 Americans are likely to choose an electric vehicle, the majority motivated by their lower long-term ownership costs.

“Although electric vehicles can have higher up-front costs, lower fuel and maintenance costs make them a surprisingly affordable choice in the long run,” said Nielsen. “For even lower costs, car shoppers can avoid high depreciation costs by selecting a used electric vehicle.”

With a focus on the future, the AAA Green Car Guide offers ratings of electric, hybrid, compressed natural gas‐powered (CNG), diesel and other high fuel economy vehicles. Visit AAA.com/greencar for more.

AAA’s Your Driving Costs study employs a proprietary methodology to analyze the costs of owning and operating a new vehicle in the United States, using data from a variety of sources, including Vincentric LLC. Additional information and detailed driving costs, including insurance costs, finances charges, registration/license fees, taxes and finance charges can be found at NewsRoom.AAA.com or AAA.com/YourDrivingCosts.

As North America’s largest motoring and leisure travel organization, AAA provides more than 57 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Motorists can map a route, identify gas prices, find discounts, book a hotel and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

Erin SteppFueled by a drop in fourth quarter gas prices and increased fuel economy, average cost for sedans decreases 2.7 percent to 59.2 cents per mile

ORLANDO, Fla. (May 9, 2014) – AAA released the results of its annual ‘Your Driving Costs’ study today, revealing a 2.7 percent decrease in the cost to own and operate a sedan in the U.S. The average cost fell 1.64 cents to 59.2 cents per mile, or $8,876 per year, based upon 15,000 miles of annual driving.

Additional Resources

“Despite increases in maintenance and registration fees, American motorists are experiencing an overall decrease in the cost to own and operate a vehicle,” said John Nielsen, AAA Managing Director of Automotive Engineering and Repair. “A large decrease in fuel costs, and lower tire, insurance and depreciation expenses are saving owners more than one and a half cents on every mile they drive.”

The findings of the 2014 ‘Your Driving Costs’ study include:

Based on Driving 15,000 miles annually

Small

Sedan

Medium Sedan

Large Sedan

Sedan Average

SUV 4WD

Minivan

Cost Per Mile

46.4 cents

58.9 cents

72.2 cents

59.2 cents

73.6 cents

65.0 cents

Cost Per Year

$6,957

$8,839

$10,831

$8,876

$11,039

$9,753

In-depth findings of this year’s study, including a breakdown of specific costs by category of vehicle and various annual mileages, are contained in the ‘Your Driving Costs’ brochure which is available at select local AAA branch offices or may be downloaded at the AAA Newsroom.

Nielsen continued, “The true cost of vehicle ownership involves more than the sticker price and what you pay at the pump. Before you make any vehicle purchase, it is important to determine ownership and operational costs and compare them to your current and future financial situation.” To assist consumers in determining their individual driving costs, the AAA ‘Your Driving Costs’ brochure contains a worksheet that can be filled out and personalized for a specific area, driver and vehicle.

Fuel Costs Down more than 10 Percent

Fuel costs had the single largest percentage decrease from 2013 to 2014, declining 10.04 percent to 13 cents per mile. The average cost of regular grade fuel fell 5.96 percent, from $3.486 to $3.278 per gallon. At the same time, vehicle redesigns and improved power train technologies that take into account higher federal Corporate Average Fuel Economy (CAFE) standards has the effect of improving the average fuel economy of sedans used in the study.  Fuel costs in the 2014 study were calculated using the national average price for regular unleaded gasoline during the fourth quarter of 2013.

Maintenance Costs Up 1.81 Percent

This year maintenance costs increased nearly two percent to 5.06 per mile on average for sedan owners. AAA’s estimates are based upon the cost to maintain a vehicle and perform needed repairs for five years and 75,000 miles, including labor expenses, replacement part prices and the purchase of an extended warranty policy.  For 2014, some vehicles had lower costs due to longer service intervals or reduced labor times, while others experienced an increase in labor times and/or part prices that led to a rise in maintenance costs. AAA experts also identified an increasing number of vehicles requiring low-viscosity semi- or full-synthetic motor oils, which cost more than conventional oils but provide better fuel economy, added engine protection and allow for longer oil change intervals.

Tire Costs Decrease Three Percent
After several years of increases due rising costs for raw materials, energy and transportation, tire prices for 2014 have decreased three percent to 0.97 cents per mile. The decrease can be credited to two main factors; some redesigned sedans now come equipped with less expensive tires and some tire prices have declined.

Insurance Costs Decrease 0.58 Percent

In 2014, average insurance costs remain essentially unchanged at an average annual cost of $1,023, compared to $1,029 last year. Insurance rates vary widely by driver and driving record, issuing company and geographical region. AAA insurance cost estimates are based on a low-risk driver with a clean driving record and for 2014 this group saw a negligible premium decrease. Premium quotes, covering seven states across the country and insurance companies from five AAA clubs, showed minor declines for most small and medium sedans, with large cars having small increases.

Depreciation Costs Fall 1.71 Percent

After a small rise in depreciation last year, the tide has turned and depreciation decreased for 2014 to $3,510 per year from $3,571. While the numbers are improved in all three sedan categories, they are particularly strong in the medium-size area where several very desirable redesigned models have been introduced.

64th Year of ‘Your Driving Costs’ Study

AAA has published ‘Your Driving Costs’ since 1950. That year, driving a car 10,000 miles per year cost 9 cents per mile, and gasoline sold for 27 cents per gallon.

The ‘Your Driving Costs’ study employs a proprietary AAA methodology to analyze the cost to own and operate a vehicle in the United States. Variable operating costs considered in the study include fuel, maintenance and repair, and tires. Fixed ownership costs factored into the results include insurance, license and registration fees, taxes, depreciation and finance charges. Ownership costs are calculated based on the purchase of a new vehicle that is driven over five years and 75,000 miles. Your actual operating costs may vary. See AAA’s 2013 ‘Your Driving Costs’ brochure for a list of vehicles and additional information on the underlying criteria used in the study.

As North America’s largest motoring and leisure travel organization, AAA provides more than 54 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Ginnie PritchettAs summer travel revs up, nation’s largest motor club cautions drivers of dangers on the open road if not properly prepared

ORLANDO, Fla., (May 29, 2013) – More than 31 million Americans kicked off the summer travel season with a road trip Memorial Day weekend, but plans were damped for approximately a quarter of a million motorists that AAA  needed to rescue at the roadside.  AAA expects between the major summer holidays of Memorial Day and Labor Day to aid over eight million motorists, and cautions drivers that auto maintenance is key to avoiding summertime travel breakdowns.

“The best way to avoid a breakdown during a trip is to ensure your car is properly maintained before hitting the road,” said John Nielsen, AAA’s Managing Director of Automotive Engineering and Repair. “But unexpected breakdowns can still occur so for your safety and security, and that of your passengers, be sure to have access to a roadside assistance provider like AAA.”

AAA recommends that motorists perform the following maintenance tasks before hitting the road. An acronym of S.A.F.E.T.R.I.P. is used to help motorists remember these essential tasks.

Service your Battery

AAA will assist nearly 1.6 million motorists with dead batteries during the summer driving season—replacing more than 500,000 batteries at the roadside. Summer heat breaks down car batteries internally and accelerates the rate of corrosion on the terminals. Both conditions can lead to insufficient electrical power being available and leave a motorist stranded without warning. Depending on local climate and vehicle usage patterns, most car batteries have a three to five year service life. If your battery is more than three years old, have it tested by a professional technician to help avoid unexpected trouble.

Air Conditioning Check
A vehicle without air conditioning can be a hot and uncomfortable environment for travelers during the summer months. Automotive air conditioning systems do not require routine maintenance, but a system that is operating marginally is more likely to fail in hot weather. If you have noticed a decrease in cooling capability, have your air conditioning system examined by a qualified technician before setting out on a trip.

Fluids for Windshield Washer/Wipers

Rain, insects, grime and other debris on a windshield will compromise the driver’s vision and safety. The life of a rubber wiper insert is typically six to 12 months depending on its exposure to heat, dirt, sunlight and rain. If your wipers leave streaks or cannot clear the windshield in one swipe they should be replaced. Also, check the windshield washer fluid level and top it off with a solution formulated to aid in the removal of insects and other debris. Be sure to test the washer spray nozzles for proper operation and aim before leaving on a trip.

Emergency Roadside Kit

While preventative measures go a long way toward minimizing breakdowns, unexpected vehicle problems can still arise. AAA encourages motorists to update their emergency roadside kit every season. The kit should include a mobile phone and car charger; a flashlight with extra batteries; a first-aid kit; drinking water; extra snacks/food for your travelers and any pets; battery booster cables; and emergency flares or reflectors.

Tire Inflation and Condition

“Roughly one million drivers will call AAA for help with a flat tire during the summer travel season, and many of those problems could be avoided with a quick tire inspection,” said Nielsen. “Begin every tire inspection with a pressure check when the tires are cold and the car has not been driven recently.” Use a quality gauge to make sure all five tires are inflated to the pressure recommended by the vehicle manufacturer—this can be found in the owner’s manual or on a sticker usually attached to the driver’s door jamb, or sometimes inside the gas cap door. Properly inflated tires increase safety and fuel economy, which will reduce fuel costs during a trip. Finally, inspect the tread depth and overall condition of the tires. Worn tires in need of replacement are much more likely to suffer punctures and other problems.

Regular Maintenance

This summer, AAA will remedy over half of motorists’ car problems at the roadside and get them back on the go. However, an estimated 3.5 million drivers will suffer more significant troubles and need towing to a place of repair. If it’s almost time for scheduled maintenance, have your car serviced before a trip. If it has been some time since the vehicle last saw the inside of a repair shop, consider having it thoroughly inspected by a qualified technician who can identify potential problems before they put a damper on any travel plans.

Inspect under the Hood: Belts, Hoses and Fluids

Replace accessory drive belts that are cracked, glazed or frayed, as well as coolant hoses that are visibly worn, brittle, bulging or excessively soft. Check for leaks around hose clamps and at the radiator and water pump. Check the engine coolant level, along with that of other important under hood fluids such as the engine oil, brake fluid, transmission fluid and power steering fluid. A low fluid level could indicate a leak or other problem that should be checked out by a professional technician.

Prepare and Plan Ahead
Part of the fun of taking a road trip is planning it. Chart out driving routes and, when possible, reserve your accommodations in advance. Be prepared for busy roads during the popular travel times   and, if possible, consider leaving earlier or later to avoid traffic. For increased safety, assign a passenger as the designated texter/caller to avoid distracted driving. AAA recommends drivers allow plenty of time to reach their destinations, and stop in a safe location every 100 miles or two hours to avoid drowsy or fatigued driving.

If any part of the road trip vehicle preparation process seems overwhelming, AAA can help consumers identify quality auto repair shops to assist in the maintenance and repair of their vehicles. AAA offers the Approved Auto Repair program as a free public service. Repair facilities approved by AAA meet and maintain stringent standards for training, equipment, cleanliness and customer service. Motorists can look for the Approved Auto Repair sign at local shops, or search for a nearby AAA-approved shops online at AAA.com/Repair.

As North America’s largest motoring and leisure travel organization, AAA provides more than 53 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Erin SteppIncrease in maintenance, insurance and fuel drive up average cost for sedans to $9,122 yearly, 60.8 cents per mile

ORLANDO, Fla., (April 16, 2013) – AAA released the results of its annual ‘Your Driving Costs’ study today, revealing a 1.96 percent increase in the cost to own and operate a sedan in the U.S. The average cost rose 1.17 cents to 60.8 cents per mile, or $9,122 per year, based upon 15,000 miles of annual driving.

“Many factors go into the cost calculation of owning and operating a vehicle,” said John Nielsen, AAA Director of Automotive Engineering and Repair. “This year, changes in maintenance, fuel and insurance costs resulted in the increase to just over 60 cents a mile.”

The findings of the 2013 ‘Your Driving Costs’ study include:

Based on Driving 15,000 miles annually

Small

Sedan

Medium Sedan

Large Sedan

Sedan Average

SUV 4WD

Minivan

Cost Per Mile

46.4 cents

61.0 cents

75.0 cents

60.8 cents

77.3 cents

65.3 cents

Cost Per Year

$6,967

$9,151

$11,248

$9,122

$11,599

$9,795

Additional Resources

In-depth findings of this year’s study, including a breakdown of specific costs by category of vehicle and various annual mileages, are contained in the ‘Your Driving Costs’ brochure which is available at select local AAA branch offices or may be downloaded in the additional resources bar.

Nielsen continued, “Before you make any vehicle purchase, it is important to determine ownership and operational costs and compare them to your current and future financial situation.” To assist consumers in determining their individual driving costs, the AAA ‘Your Driving Costs’ brochure contains a worksheet that can be filled out and personalized for a specific area, driver and vehicle.

Maintenance Costs Up 11.26 Percent

The costs associated with maintaining a vehicle had the single largest percentage increase from 2012 to 2013, growing by 11.26 percent to 4.97 cents per mile on average for sedan owners. AAA’s estimates are based upon the cost to maintain a vehicle and perform needed repairs for five years and 75,000 miles including labor expenses, replacement part prices and the purchase of an extended warranty policy.  Driving the increase in maintenance costs is significant increases in labor and part costs for some models and a major increase in the price of extended warranty policies due to high loss ratios by underwriters.

Fuel Costs Up 1.93 Percent

Gasoline prices were relatively stable compared to the prior year, leading to a minimal fuel cost increase of 1.93 percent to 14.45 cents per mile on average for sedan owners. The average cost of regular grade fuel (used by most of the study vehicles) actually rose 3.84 percent, from $3.357 to $3.486 per gallon. However, several vehicles in the ‘Your Driving Costs’ study had small improvements in their fuel economy ratings which partially offset the fuel cost increase. Fuel costs in the 2013 study were calculated using the national average price for regular, unleaded gasoline during the fourth quarter of 2012.

Tire Costs Remain Unchanged
The cost of tires did not change from 2012 to 2013, remaining at one cent per mile on average for sedan owners. The stable price is attributed to a leveling off of past increased costs for raw materials, energy and transportation from factories to distributors across the country.

Insurance Costs Up 2.76 Percent

Average insurance costs for sedans rose 2.76 percent (or $28) to $1029 annually. Insurance rates vary widely by driver and driving record, issuing company and geographical region. AAA insurance cost estimates are based on a low-risk driver with a clean driving record. Quotes from five AAA clubs and insurance companies representing seven states showed across-the-board modest increases for all sedan sizes, with large cars having less of an increase than small- and medium-size sedans.

Depreciation Costs Rise .78 Percent

After seeing a drop in 2012, depreciation costs were up slightly in 2013, increasing .78 percent to $3,571 a year. This change may be a consequence of recovering new vehicle sales, resulting in more used cars available in the marketplace and thus the softening of the resale value of clean older models.

63rd Year of ‘Your Driving Costs’ Study

AAA has published ‘Your Driving Costs’ since 1950. That year, driving a car 10,000 miles per year cost 9 cents per mile, and gasoline sold for 27 cents per gallon.

The ‘Your Driving Costs’ study employs a proprietary AAA methodology to analyze the cost to own and operate a vehicle in the United States. Variable operating costs considered in the study include fuel, maintenance and repair, and tires. Fixed ownership costs factored into the results include insurance, license and registration fees, taxes, depreciation and finance charges. Ownership costs are calculated based on the purchase of a new vehicle that is driven over five years and 75,000 miles. Your actual operating costs may vary. See AAA’s 2013 ‘Your Driving Costs’ brochure for a list of vehicles and additional information on the underlying criteria used in the study.

As North America’s largest motoring and leisure travel organization, AAA provides more than 53 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

Increases in gas and tires drive up average costs for sedans to $8,946 yearly, 59.6 cents per mile; SUV costs up to $11,360 yearly, 75.7 cents per mile

Erin SteppORLANDO,Fla., (April 27, 2012) – AAA released the results of its annual ‘Your Driving Costs’ study today revealing a 1.9 percent 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 percent.”

The findings of the 2012 ‘Your Driving Costs’ study include:

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

 

In-depth findings of this year’s study, including a breakdown of specific costs by category of vehicle and various annual mileages, are contained in the ‘Your Driving Costs’ brochure which is available at select local AAA branch offices or may be downloaded here.

Additional Resources

“Some driving costs fluctuate at different times during the year, such as what we have experienced with fuel prices since the middle of February,” explained Nielsen. “However, AAA’s use of a consistent methodology for its study allows an accurate comparison of driving costs from year to year, and the figures can reliably be used to compare different categories of vehicles.”

Nielsen continued, “AAA understands that high fuel prices are a real concern for consumers, and those in the market for a new vehicle may want to be cautious and determine projected operational costs based on varying levels of fuels costs. To assist consumers in determining their individual driving costs, the AAA ‘Your Driving Costs’ brochure contains a worksheet that can be filled out and personalized for a specific area, driver and vehicle.

Fuel Costs Up 14.8 Percent

The cost of fuel had the largest percentage increase from 2011 to 2012, rising 14.8 percent to 14.2 cents per mile on average for sedan owners. The average cost of regular grade fuel (used by most of the study vehicles) rose 16.6 percent, from $2.880 to $3.357 per gallon. Several vehicles included in the ‘Your Driving Costs’ study had increases in fuel economy, resulting in the overall average fuel cost increase being slightly less. The fuel costs in the 2012 study were calculated using the national average price for regular, unleaded gasoline during the fourth quarter of 2011.

Tire Costs Up 4.2 Percent
The cost of tires ranks second highest among the factors that rose from 2011 to 2012, increasing by 4.2 percent to one cent per mile on average for sedan owners. The rise in cost can be attributed to higher costs for natural rubber, and the increased cost of oil used in tire production and transportation from factory to distributors across the country. A collateral factor is a trend for manufactures to equip new cars with premium-grade tires rather than mid-grade tires.

Depreciation Drops 4.9 Percent

Depreciation costs were up slightly in 2011, but for 2012 the trend has reversed with depreciation falling across the board by nearly five percent.This change may be a consequence of reduced new car sales over the past few years, which has resulted in a relative shortage of good used cars on the market, driving up their value. This is good news for those in the resale market as their vehicles will retain a greater portion of their purchase cost.

Maintenance Costs Up 0.7 Percent

Maintenance costs are slightly higher in the 2012 ‘Your Driving Costs’ study with an increase of 0.7 percent to 4.47 cents per mile on average for sedans. Factors contributing to the increase include higher prices for oil and more manufacturers now requiring synthetic or synthetic-blend motor oils. Although the use of these oils often comes with extended service intervals, the higher cost of the oil combined with increased maintenance operations at each service (which adds to the time required) can combine to increase overall vehicle maintenance costs.

Insurance Costs Up 3.4 Percent

Average insurance costs for sedans rose 3.4 percent (or $33) to $1001 yearly. Insurance rates vary widely by driver and driving record, issuing company and geographical region. AAA insurance cost estimates are based on a low-risk driver with a clean driving record. For 2012, this group saw a small increase that offset a decrease experienced in 2011. Quotes from five AAA clubs and insurance companies representing seven states showed across the board increases for all sedan sizes, with large cars having the biggest increase.

62nd Year of ‘Your Driving Costs’ Study

AAA has published ‘Your Driving Costs‘ since 1950. That year, driving a car 10,000 miles per year cost 9 cents per mile, and gasoline sold for 27 cents per gallon.

Driving Costs are also affected by how well your vehicle runs. Performing regular maintenance not only ensures fuel-efficient operation but can help prevent costly vehicle repairs that can add to your total ownership cost. For more information on ways to keep your vehicle in top condition read the owner’s manual and visit AAA.com for vehicle care information, automated maintenance reminders and repair facility locator tools.

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. Fuel costs are based on $3.357 per gallon (average price of gas for October 2011-December 2011/AAA Fuel Gauge Report) and Environmental Protection Agency fuel-economy ratings weighted 60 percent city, 40 percent highway driving. Fixed ownership costs factored into the results include insurance, license and registration fees, taxes, depreciation and finance charges. These ownership costs are assumed to be on a purchase of a new vehicle, depreciated over five years. Finance charges are based on five year loan at six percent interest with a 10 percent down payment. Your actual operating costs may vary. Refer to page three of AAA’s 2012 ‘Your Driving Costs’ brochure for a list of vehicles and assumptions used in the study.

To conduct its study, AAA’s auto buying and repair experts compiled detailed driving costs for small, medium, and large sedans. Driving costs in each category are based on the average costs for five top-selling models selected by AAA. By size category, they are:

  • Small Sedan – Chevrolet Cruze, Ford Focus, Honda Civic, Nissan Sentra and Toyota Corolla.
  • Medium Sedan – Chevrolet Impala, Ford Fusion, Honda Accord, Nissan Altima and Toyota Camry.
  • Large Sedan – Buick Lucerne, Chrysler 300, Ford Taurus, Nissan Maxima and Toyota Avalon.

Though not part of the AAA composite average, SUV and minivan information is also included in ‘Your Driving Costs’ to help buyers estimate operating costs for these types of vehicles. Selected models include:

  • SUVs – Chevrolet Traverse, Ford Explorer, Jeep Grand Cherokee, Nissan Pathfinder and Toyota 4Runner.
  • Minivans – Dodge Grand Caravan, Kia Sedona, Honda Odyssey, Nissan Quest and Toyota Sienna.

As North America’s largest motoring and leisure travel organization, AAA provides more than 53 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.

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