Consumer

AAA reports car ownership costs rising

Tuesday, April 16, 2013
A sale balloon advertises a special price on a Mustang car at a Ford dealership.

(AP Photo)

The cost of owning a car is going up.

AAA says it now costs two percent more to own a sedan than it did one year ago.

That's an extra 61 cents a mile, if the car is driven about 15,000 miles a year.

Factors contributing to the cost include gas, maintenance, insurance, and tire costs, as well as depreciation.

Maintenance costs alone are up more than 11 percent over last year.

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