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Car Ownership Costs Increase to More Than $9,100 Annually

Auto repair shop Owning and maintaining a car costs more today than it did in 1950. When AAA put out its first ‘Your Driving Costs’ report 63 years ago, a car that was driven 10,000 miles per year cost its owner 9 cents per mile. Fast-forward to 2013 and AAA’s latest study finds that the average sedan’s ownership costs are up to $9,122 per year or 60.8 cents per mile, assuming you drive 15,000 miles annually. That ... continue reading»

Tags: News, Stats and Studies, Repairs and Maintenance

Auto Repair Costs are on the Rise

Car Repair Cost Increases By Region Your car is getting more expensive to fix, at least according to the 2013 CarMD Vehicle Health Index. The study found that for the first time in six years, the average repair cost rose 10 percent to $367.84 on 1996 to 2012 model year vehicles. Replacement part prices went up six percent in 2012, while labor charges rose 17 percent. CarMD says that the Northeast region saw the largest increase, with the cost of repairs rising by 11.56 ... continue reading»

Tags: News, Stats and Studies, Repairs and Maintenance

Small Turbocharged Engines Fall Short of Consumer Reports' Expectations

While some automakers have made a move toward smaller, turbocharged engines to improve fuel economy in cars like the Chevrolet Cruze and Ford Fusion, a new Consumer Reports study finds that these types of engines miss the mark in real world tests. “We put the cars through our standard fuel economy tests, with both city driving and highway speeds,” says Tom Mutchler, Automotive Engineer at Consumer Reports. Among affordable midsize cars, the Ford Fusion with the turbocharged 1.6-liter EcoBoost ... continue reading»

Tags: News, Stats and Studies, Fuel Economy, Consumer Reports

GMC Dominates Study's List of Safest Vehicles

If you drive a GMC, a new study indicates that you might be behind the wheel of one of the safest vehicles on the market. The automaker took four of the five top spots in Insure.com's list of best and worst vehicles for preventing passenger injuries, and the data shows that bigger vehicles may be the safest choice in a collision. “The laws of physics are always in play in crashes,” says Russ Rader, spokesperson for the Insurance ... continue reading»

Tags: Safety, Stats and Studies, GMC Sierra 1500, GMC Sierra 2500, GMC Yukon, Porsche Cayenne, GMC Terrain, Model News

Toyota Prius Named Consumer Reports Best Car Value

Want the most bang for your buck in your next new car? Then you should probably buy a Toyota Prius. Consumer Reports says that with an operating cost of 49 cents per mile, the Prius is about half as expensive to operate as the average car. The Prius beats out the Honda Fit, which Consumer Reports had named its best new-car value for the past four years. “The reason the Prius came out on top this year, even though the ... continue reading»

Tags: Stats and Studies, Toyota Prius, Model News, Consumer Reports

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