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Here’s why car prices are so high, and why that matters - CNN
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Turo Finds Car Ownership Falling as Inflation Rises
WebJun 6, 2024 · When you combine these costs, the average Canadian pays between $8.600 and $13.000 per year to own a car! Some estimate that people in Canada and the US spend 5% of their income on purchasing a car and another 5% on its maintenance. However, bear in mind that not every vehicle brand cost the same to own, and certainly, they all carry … WebDec 19, 2024 · The next two most expensive vehicles to own were large sedans, which were slightly less expensive at $10,403 in average annual ownership costs, and medium-sized SUVs at an average of $10,265 per... WebJul 8, 2024 · Record high prices for both used and new cars is more than an annoyance: It’s an economic problem that weighs heavily on household budgets. About 40% of US households make a car purchase of... birmingham michelin star