- AAA’s annual Your Driving Prices survey finds that the entire value of proudly owning a automotive averages $11,577
- The entire has declined $719 previously 12 months
The typical American spends $11,577 a 12 months on automotive possession, in keeping with AAA. The group’s annual Your Driving Prices survey confirmed a uncommon drop in 2025, with homeowners spending $719 lower than in 2024.
Depreciation makes up probably the most significant slice of possession prices, the group says. Depreciation figures improved in 2025, AAA says, with automobiles within the research “shedding a mean of $4,334 in worth per 12 months in comparison with $4,680 yearly in 2024.”
Associated: Calculate Your Automotive’s Depreciation
Finance prices additionally dropped, because the Federal Reserve lower rates of interest late in 2024. Auto credit score grew barely extra restrictive final monthhowever analysts extensively count on one other Fed fee lower this week.
In the meantime, AAA notes, the worth of gasoline “dropped to 13.00 cents per mile, a 12.8% lower from final 12 months.” The price of refilling an electrical automobile (EV) rose barely as electrical energy demand spiked nationwide, powered partly by the rise of synthetic intelligence merchandise. However, AAA notes, “Though EVs nonetheless provide gasoline financial savings — lower than half of fuel automobile prices — this doesn’t sufficiently offset their greater possession prices.”
