Annual average net outlays for vehicle purchases came to above 5,500 U.S. dollars for all U.S. consumers in 2023, ranging between around 1,900 U.S. dollars for those in the lowest income bracket to nearly 14,100 U.S. dollars for consumers in the highest income group.
Americans' annual average expenditures on vehicle purchases in 2023, by income group
(in U.S. dollars)
The information refers to income before taxes. According to the source, income groups meet one of the following criteria: all members of a particular household who are related to marriage, adoption, other legal arrangements, or blood; a person sharing a household with others or living alone or living as a roomer, but who is financially independent; two or more people living together who make joint expenditure decisions.
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Bureau of Labor Statistics. (November 9, 2024). Americans' annual average expenditures on vehicle purchases in 2023, by income group (in U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' annual average expenditures on vehicle purchases in 2023, by income group (in U.S. dollars)." Chart. November 9, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. (2024). Americans' annual average expenditures on vehicle purchases in 2023, by income group (in U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' Annual Average Expenditures on Vehicle Purchases in 2023, by Income Group (in U.S. Dollars)." Statista, Statista Inc., 9 Nov 2024, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics, Americans' annual average expenditures on vehicle purchases in 2023, by income group (in U.S. dollars) Statista, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/ (last visited December 21, 2024)
Americans' annual average expenditures on vehicle purchases in 2023, by income group (in U.S. dollars) [Graph], Bureau of Labor Statistics, November 9, 2024. [Online]. Available: https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
