U.S. - annual vehicle expenditures by ethnicity

According to the results of the 2020 Consumer Expenditure Survey regarding the average annual net outlays for vehicle purchases made by Americans, Hispanic or Latino Americans said they spent an average of 4,528 U.S. dollars on vehicle purchases.

Americans' per capita average net outlays for vehicle purchases in 2020, by ethnicity (in U.S. dollars)

Characteristic	Value in U.S. dollars
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Release date

August 2021

More information

Region

United States

Survey time period

2020

Number of respondents

131,234 consumer units

Method of interview

Telephone interview

Supplementary notes

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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