According to the results of the 2020 Consumer Expenditure Survey regarding the average annual expenditure on car and truck purchases made by Americans, Hispanic or Latino Americans said they spent an average of 1,526 U.S. dollars on new car and truck purchases.
Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity
(in U.S. dollars)
Characteristic
Value in U.S. dollars
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Figures calculated as per capita consumer mean data; the information is based on the Consumer Expenditure Survey. The source did not specify the age of respondents. According to the source, a consumer unit consists of any of the following: all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements or a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent or two or more persons living together who use their incomes to make joint expenditure decisions.
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Bureau of Labor Statistics. (August 24, 2021). Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/
Bureau of Labor Statistics. "Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity (in U.S. dollars)." Chart. August 24, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/
Bureau of Labor Statistics. (2021). Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/
Bureau of Labor Statistics. "Americans' per Capita Average New Car and Truck Purchase Expenditures in 2020, by Ethnicity (in U.S. Dollars)." Statista, Statista Inc., 24 Aug 2021, https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/
Bureau of Labor Statistics, Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity (in U.S. dollars) Statista, https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/ (last visited July 22, 2024)
Americans' per capita average new car and truck purchase expenditures in 2020, by ethnicity (in U.S. dollars) [Graph], Bureau of Labor Statistics, August 24, 2021. [Online]. Available: https://www.statista.com/statistics/694893/annual-american-new-car-and-truck-purchases/
