AURORA, Ill. (April 8, 2011)—The AAA's newly released “Your Driving Costs” study reveals a 3.4-percent rise in the yearly costs to own and operate a sedan in the U.S.
The average costs rose 1.9 cents per mile to 58.5 cents per mile, or $8,776 per year, based upon 15,000 miles of annual driving, according to the study's findings.
“There is an overall increase in the costs to own and operate a vehicle in the U.S. this year,” said Brad Roeber, regional president for AAA Chicago. “The 2011 rise in costs is due to relatively large increases in fuel, tire and depreciation costs, as well as more moderate increases in other areas.”
The AAA said the cost of tires had the largest percentage increase, rising 15.7 percent to 96 cents per mile on average for sedan owners. The rise in costs of raw materials, energy and transportation has led to the tire price increases.
Also contributing to higher average tire costs is a trend by auto makers to equip their sedans with premium grade tires as original equipment, the AAA said.
Although several vehicles included in the study had increases in fuel economy, it was not enough to offset the rise in gas prices, which caused fuel costs to increase 8.6 percent to 12.3 cents per mile on average for sedans, the study reported.