OCR Text |
Show Annual Automobile Cost Is Estimated at $418 An average of $293 was spent by each motorist in the United States during 192S in the operation and maintenance of his car, according to figures compiled by the American Motorists Mo-torists association. Of this sum $101. or 34 per cent, was expended for fuel and lubricants, this being the largest item in the motorist's annual operation opera-tion and maintenance bill. The $293 figure does not take into account depreciation. The average life of a passenger automobile, according ac-cording to computation of the federal government, is approximately seven years. During 1928 the average retail price of passenger cars in the United States was $S75, which, based on a seven-year life expectancy, would mean an average depreciation of $125 per year. From this figure, plus the average maintenance of $293, it will be seen that the general average cost of operation, oper-ation, plus depreciation, was $418 per year, or approximately $1.14 per day. The comparable figure for 1927 shows that the average cost of operation, plus depreciation, was $3G5 for that year, or SI per day. |