CBS 2 Chicago wbbm7801059 670 The Score

Local

Report: Cost Of Owning A Car Barely Up In Past Year

Kennedy Expressway Traffic

Traffic on the Kennedy Expressway on April 5, 2011. (Credit: CBS)

Don't Miss This
Don't Miss This

CHICAGO (CBS) — Although the cost of gasoline at the pump has certainly gone up over the last 12 months, the cost of owning a car has increased only slightly.

As WBBM Newsradio’s Dave Berner reports, a new AAA report shows the cost of gas jumped almost 15 percent last year, and the cost of tires 4 percent.

LISTEN: WBBM Newsradio’s Dave Berner reports


But the overall amount for running a car is only up 1.9 percent. By comparison, the cost rose 3.4 percent over the course of 2010, USA Today reported.

The reason is we are holding onto our cars longer, which has increased the value of a used car, USA Today reported.

AAA says if your automobile was worth $15,000 last year, there is a chance it is still worth $15,000.

The motor club says it is surprised by the latest statistics, and expected that the cost would jump much more.

Listen Live!

RSS Most Popular News

Follow CBS Chicago

Like us on foursquare

RSS Contests & Promotions

  • Benjamin Moore Which Team Colors Matter Most? May 24, 2013
    Which Team Colors matter most to you? Either way, you could be a winner! Just sign up now for a chance to win $500 Depot Dollars to the Chicago Sports Depot to pick up some gear with your favorite team colors as they battle it out this week!
  • AVEENO® MEN’S “Building a Healthier Foundation” Sweepstakes May 21, 2013
    AVEENO® Men’s™ knows your family is your foundation. And to take good care of them, you need to take good care of yourself. Win a family day at the ballpark from AVEENO® Men’s™.
  • Join Hankook Tire To Reel In The Next Big Catch May 20, 2013
    Join Hankook tire to reel in the next great catch! Click here to go to www.TirePrize.com and enter for your chance to win the ultimate fishing excursion in Puerto Rico!
  • Meet Jim Rome On Set In Los Angeles May 20, 2013
    AutoZone and the Jim Rome Show are giving one winner and a guest a trip to meet Jim Rome in Los Angeles on the set of his Showtime television show! Enter for your chance to win!
WBBM Newsradio 780, Radio Stations & Broadcast Companies, Chicago, IL

Twitter Updates