Birdwatch Note Rating
2024-08-15 15:59:00 UTC - HELPFUL
Rated by Participant: 935AD3D7FCAD2FDCE78D55B5335738AC51CC5F6A43D3C056DBA4F64ADD79C85C
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Original Note:
The average new car cost is ~$47K, not $50K/yr. The annual ownership cost is ~$9,282 ('19 AAA). This includes depreciation, finance, fuel, maintenance & insurance. Prices fell 2.7% YoY (Mar '24 KBB). New fuel standards aim for 50+ MPG by 2031 (NHTSA). Sources: aaa.com/autorepair/articles/average-annual-cost-of-new-vehicle-ownership washingtonpost.com/business/2024/06/07/mpg-mileage-standard-biden-cars/ coxautoinc.com/wp-content/uploads/2024/04/March-2024-Kelley-Blue-Book-Average-Transaction-Price-tables.pdf
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