A July picture of a car dealership in Chicago, Illinois. | Photo by Scott Olson / Getty Images
Americans are now paying an average of $12,182 to own and operate a brand-new vehicle, or $1,015 per month, according to AAA.
That’s a big jump over 2022, when the average cost of owning a car was $10,728. The increase, AAA says, comes down to higher prices for new cars, increased depreciation after they’re purchased, and falling used car values — as well as the auto industry’s shift ...
