Annual U.S. vehicle average spending by income 2021

Published by
Mathilde Carlier,
Dec 19, 2023
Annual average net outlays for vehicle purchases came to just over 4,800 U.S. dollars for all U.S. consumers in 2021, ranging between 1,500 U.S. dollars for those in the lowest income bracket to over 11,200 U.S. dollars for consumers in the highest income group.

Americans' annual average expenditures on vehicle purchases in 2021, by income group (in U.S. dollars)

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Source

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Release date

September 2022

Region

United States

Survey time period

2021

Number of respondents

133,595 consumer units

Method of interview

Telephone interview

Supplementary notes

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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