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Drivers feel the squeeze as car ownership costs hit record highs

Drivers feel the squeeze as car ownership costs hit record highs

Drivers feel the squeeze as car ownership costs hit record highs

Published on: 05/20/2026

This news was posted by Oregon Today News

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Description

Americans with active auto loans are spending an average of 15 percent of their income on car costs. That breaks down to nearly $13,000 per year.

News Source : https://www.kgw.com/article/news/nation-world/car-ownership-costs-hit-record-highs/507-db8bae87-eca1-4fe4-a6ad-63682b1750dc

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