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2003–2008 Average New Car Expenditures

2005-2010 | 2003-2008 | 1999-2003

(Rev. 08/09)

Consumer outlay for new domestic cars slighty increased while imports decreased in 2008. Listed below are the consumer expenditures for domestic and import cars for 2003 through 2008. These expenditures do not include items such as taxes, destination charges, dealer costs, etc. The “average” figures are weighted measures based on the number of vehicles sold and other factors. The change column indicates the percentage change from the previous year.

2003–2008 Average New Car Expenditures

Year Domestic Change Import Change Average Change
2008 20,490 -- 28,174 -- 23,051 --
2007 20,434 0.27% 29,735 -5.25% 23,336 -1.22%
2006 20,342 0.45% 29,625 0.37% 23,140 0.85%
2005 19,833 2.57% 29,172 1.55% 22,497 2.86%
2004 18,910 4.88% 28,409 2.69% 21,637 3.97%
2003 18,536 2.02% 28,139 0.96% 21,169 2.21%

Source: Ward’s Motor Vehicle Facts & Figures 2009

2003-2008 Change in New Car Expenditures
Domestic 10.54%
Import 0.12%
Average 8.89%

SUVs continue to become more popular among US drivers, accounting for 27.2% of all light vehicle sales in the first seven months of 2004, compared with 26% the same period in 2003.
(The New York Times, 8/17/04)

 

 

 

 
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