Annual average net outlays for vehicle purchases came to just under 4,500 U.S. dollars for all U.S. consumers in 2020, ranging between 1,800 U.S. dollars for those in the lowest income bracket to over 9,800 U.S. dollars for consumers in the highest income group.
Americans' annual expenditures on vehicle purchases in 2020, 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. (September 1, 2021). Americans' annual expenditures on vehicle purchases in 2020, by income group (in U.S. dollars) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' annual expenditures on vehicle purchases in 2020, by income group (in U.S. dollars)." Chart. September 1, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. (2021). Americans' annual expenditures on vehicle purchases in 2020, by income group (in U.S. dollars). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' Annual Expenditures on Vehicle Purchases in 2020, by Income Group (in U.S. Dollars)." Statista, Statista Inc., 1 Sep 2021, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics, Americans' annual expenditures on vehicle purchases in 2020, by income group (in U.S. dollars) Statista, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/ (last visited May 17, 2022)
