CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / AAA Reports Annual Cost of Vehicle Ownership Rises to $9,282 on Higher Financing Costs

AAA Reports Annual Cost of Vehicle Ownership Rises to $9,282 on Higher Financing Costs

September 12, 2019 By CollisionWeek Editor

It’s going to cost more for those looking to buy a new car this year. Finance costs on new car purchases have jumped 24% in 2019, according to new AAA research, pushing the average annual cost of vehicle ownership to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle ownership since AAA began tracking expenses in 1950 and a reminder that the true costs of owning a vehicle extend far beyond maintenance and fuel.

2019 AAA Cost of Vehicle Ownership by Vehicle Type “Finance costs accounted for more than 40% of the total increase in average vehicle ownership costs,” said John Nielsen, AAA’s managing director

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: AAA, Vehicle Ownership Cost

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • BASF Sells Majority Stake in Coatings Business to Carlyle October 10, 2025
  • State Farm Partners with Volvo to Offer Insurance During Vehicle Purchase October 10, 2025
  • Collision Repair Summit to Focus on OEM Safety Inspections October 10, 2025
  • Two Automotive Instructors Win $50,000 Each in Harbor Freight Teaching Excellence Awards October 10, 2025
  • Property/Casualty Insurance Industry Poised for Growth and Underwriting Profitability in 2025 October 9, 2025
  • SCRS to Hold Welding, Refinishing Competition at SEMA Show October 9, 2025
  • Lexus Approves John Bean ADAS Calibration System in U.S. October 9, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in