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AAA's annual ‘Your Driving Costs’ study for 2011 reveals a 3.4 percent rise in the yearly costs to own and operate a sedan in the U.S. The average cost 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.
“Despite seeing reduced costs for maintenance and insurance this year, there is an overall increase in the costs to own and operate a vehicle in the U.S.,” said John Nielsen, AAA National Director of Auto Repair, Buying and Consumer Information. “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.”
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