car ownership costs News

‘Phone Becomes Car’ as Ride-Hailing Services Promote Vehicle Sharing Over Ownership

Ride-hailing apps like those of Uber Technologies and Lyft Inc. are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. At the annual Collision Conference in …

Turning Sharing Into a Sales Pitch for Pricier New Cars

The ability to rent his car to strangers for cash convinced Trevor Davis, a high-school teacher in Dallas, to buy a brand-new Honda Civic instead of a used car. “I was going to get something real cheap, an inexpensive second …

How Much Americans Could Save by Ridesharing Driverless Cars Over Owning

Self-driving cars promise safer roads, less traffic and increased mobility. Some autonomous vehicle proponents also maintain they will save time and money. But will they really save Americans time and money? And even if they do, are Americans ready to …

How Driverless Cars Might Affect Ownership, Miles Driven

Driverless vehicles may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven. Researchers at the University of Michigan Transportation Research Institute (UMTRI) examined U.S. National Household Travel Survey data that contained …

Most, Least Expensive States to Own a Car

Georgia is the most expensive state to operate a motor vehicle and Oregon is the cheapest, according to a Bankrate.com report that considers the costs of gasoline, insurance, repairs, taxes and fees. In Georgia, a typical driver spends $4,233 per …