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consumer BuyinG PoWer 2023 - TransPorTaTion m
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2023 Aggregate 2023 Annual 2028 Annual Compound g
Expenditure % Avg. per Avg. Per Ann. Growth r
Estimate Consumer Unit Consumer Unit Rate (%)
a
Total Speciﬁed Consumer Expenditures . . . . . . . . 11,221,483,835 100.00 . . . . 66,987.13 . . . . 75,442.33 . . . . . 2.51

P
Transportation
Transportation. . . . . . . . . . . . . . . . . . . 2,034,407,722 100.00 . . . . 12,144.19 . . . . 13,656.68 . . . . . 2.48 h
Vehicle Purchases i
Vehicle purchases net outlay . . . . . . . . . . . . 861,050,394 42.32 . . . . . 5,140.08 . . . . . 5600.33 . . . . . 1.38
Other Vehicles . . . . . . . . . . . . . . . . . . . . 14,004,965 0.69 . . . . . . 83.60 . . . . . . 87.98 . . . . . 1.13 c
New motorcycles . . . . . . . . . . . . . . . . . 6,452,897 0.32 . . . . . . 38.52 . . . . . . 40.74 . . . . . 1.23
Used motorcycles. . . . . . . . . . . . . . . . . 7,552,069 0.37 . . . . . . 45.08 . . . . . . 47.24 . . . . . 1.04 s
Cats and trucks, new . . . . . . . . . . . . . . 367,152,618 18.05 . . . . . 2,191.73 . . . . . 2,376.38 . . . . . 1.73
New cars . . . . . . . . . . . . . . . . . . . 142,450,815 7.00 . . . . . 850.37 . . . . . 1,006.38 . . . . . 3.53
New trucks. . . . . . . . . . . . . . . . . . . 224,701,803 11.05 . . . . . 1,341.37 . . . . . 1,369.99 . . . . . 0.53
Cars and trucks, used . . . . . . . . . . . . . . 479,892,811 23.59 . . . . . 2,864.74 . . . . . 3,135.97 . . . . . 1.93
Used cars . . . . . . . . . . . . . . . . . . . 197,438,364 9.71 . . . . . 1,178.62 . . . . . 1,318.13 . . . . . 2.37
Used trucks . . . . . . . . . . . . . . . . . . 282,454,447 13.88 . . . . . 1,686.12 . . . . . 1,817.85 . . . . . 1.62
Gasoline & Motor Oil
Gasoline and Motor Oil . . . . . . . . . . . . . . . 396,916.743 19.51 . . . . . 2,369.41 . . . . . 2,786.74 . . . . . 3.40
Gasoline . . . . . . . . . . . . . . . . . . . . . . 378,331,184 18.60 . . . . . 2,258.46 . . . . . 2,654.06 . . . . . 3.39
Diesel Fuel . . . . . . . . . . . . . . . . . . . . . . 6,988,481 0.34 . . . . . . 41.72 . . . . . . 50.99 . . . . . 4.20
Gasoline on out-of-town trips. . . . . . . . . . . . . . 8,289,972 0.41 . . . . . . 49.49 . . . . . . 58.63 . . . . . 3.56
Motor Oil . . . . . . . . . . . . . . . . . . . . . . 3,246,637 0.16 . . . . . . 19.38 . . . . . . 22.62 . . . . . 3.24
Motor Oil on out-of-town trips . . . . . . . . . . . . . . . 60,469 0.00 . . . . . . . 0.36 . . . . . . . 0.43 . . . . . 3.59
Other Vehicle Expenses
Other Vehicle Expenses. . . . . . . . . . . . . . . 665,407,866 32.71 . . . . . 3,972.18 . . . . . 4,500.61 . . . . . 2.63
Vehicle Finance Charges . . . . . . . . . . . . . . . 43,247,021 2.13 . . . . . . 258.16 . . . . . .243.09 . . . . . -1.01
Automobile ﬁnance charges . . . . . . . . . . . . . 13,870,396 0.68 . . . . . . 82.80 . . . . . . 84.86 . . . . . 0.59

Truck Finance Charges. . . . . . . . . . . . . . . . 27,241,198 1.34 . . . . . . 162.62 . . . . . .147.36 . . . . . -1.85
Motorcycle and plane ﬁnance charges . . . . . . . . . . 282,511 0.01 . . . . . . . 1.69 . . . . . . . 1.69 . . . . . 0.08

Other vehicle ﬁnance charges . . . . . . . . . . . . .1,852,916 0.09 . . . . . . 11.06 . . . . . . . 9.17 . . . . . -3.59
Maintenance and repairs . . . . . . . . . . . . . . 185,352,523 9.11 . . . . . 1,106.47 . . . . . 1,194.60 . . . . . 1.65
Vehicle products and cleaning services . . . . . . . . .1,230,583 0.06 . . . . . . . 7.35 . . . . . . . 8.42 . . . . . 2.86
Gas tank repair and misc. Auto repair, servicing . . . . 11,104,229 0.55 . . . . . . 66.29 . . . . . . 75.74 . . . . . 2.81
Coolant, transmission ﬂuid and other additives . . . . . .1,704,811 0.08 . . . . . . 10.18 . . . . . . 11.24 . . . . . 2.11

Tires - purchased, replaced, installed . . . . . . . . . 30,705,632 1.51 . . . . . . 183.30 . . . . . .206.29 . . . . . 2.69
Parts, equipment, and accessories . . . . . . . . . . 29,327,760 1.44 . . . . . . 175.07 . . . . . .193.17 . . . . . 2.09
Body work and painting . . . . . . . . . . . . . . . 11,211,661 0.55 . . . . . . 66.93 . . . . . . 59.12 . . . . . -2.35
Vehicle or engine repairs. . . . . . . . . . . . . . . 40,003,719 1.97 . . . . . . 238.96 . . . . . .258.18 . . . . . 1.66
Motor tune-up . . . . . . . . . . . . . . . . . . . .5,796,932 0.28 . . . . . . 34.61 . . . . . . 34.71 . . . . . -0.15

Lube, oil change, and oil ﬁlters . . . . . . . . . . . . 22,813,755 1.12 . . . . . . 136.19 . . . . . .154.72 . . . . . 2.69
Front-end alignment, wheel balance and rotation . . . . 15,490,452 0.76 . . . . . . 92.47 . . . . . . 89.76 . . . . . -0.49
Shock absorber replacement . . . . . . . . . . . . . .1,634,866 0.08 . . . . . . . 9.76 . . . . . . . 9.40 . . . . . -0.64
Repair tires and other repair work . . . . . . . . . . 10,818,332 0.53 . . . . . . 64.58 . . . . . . 69.70 . . . . . 1.64
Auto repair service policy . . . . . . . . . . . . . . .3,479,790 0.17 . . . . . . 20.77 . . . . . . 22.70 . . . . . 1.90
Vehicle Insurance . . . . . . . . . . . . . . . . . 286,216,036 14.07 . . . . . 1,708.58 . . . . . 2,024.13 . . . . . 3.55
Vehicle Rental, Leases, Licenses, and other charges . 150,592,286 7.40 . . . . . . 896.97 . . . . . 1,038.79 . . . . . 3.04
Leased and rented vehicles. . . . . . . . . . . . . . 99,793,126 4.91 . . . . . . 595.72 . . . . . .697.37 . . . . . 3.31
Rented vehicles. . . . . . . . . . . . . . . . . . . 17,632,888 0.87 . . . . . . 105.26 . . . . . .132.44 . . . . . 4.81
Auto/truck/motorcycle rental . . . . . . . . . . . . . 12,369,158 0.61 . . . . . . 73.84 . . . . . . 96.76 . . . . . 5.66
Auto/truck/motorcycle rental out-of-town trips . . . . . .5,263,730 0.26 . . . . . . 31.42 . . . . . . 35.67 . . . . . 2.67
Leased . . . . . . . . . . . . . . . . . . . . . . 83,160,238 4.04 . . . . . . 490.46 . . . . . .564.94 . . . . . 2.97
Car/truck lease payments . . . . . . . . . . . . . . 73,593,825 3.62 . . . . . . 439.32 . . . . . .504.50 . . . . . 2.91
Cash down payment car/truck lease . . . . . . . . . . .4,096,452 0.20 . . . . . . 24.47 . . . . . . 31.44 . . . . . 5.25
Extra and termination fees for car/truck lease . . . . . .1,404,924 0.07 . . . . . . . 8.39 . . . . . . . 6.28 . . . . . -5.53
Trade in allowance for car/truck lease . . . . . . . . . .3,063,037 0.15 . . . . . . 18.28 . . . . . . 22.72 . . . . . 4.54
Drivers’ license . . . . . . . . . . . . . . . . . . . .4,644,535 0.23 . . . . . . 27.73 . . . . . . 29.68 . . . . . 1.47
Vehicle Inspection. . . . . . . . . . . . . . . . . . .4,660,167 0.23 . . . . . . 27.82 . . . . . . 34.73 . . . . . 4.64
Parking fees . . . . . . . . . . . . . . . . . . . . 13,867,964 0.68 . . . . . . 82.79 . . . . . . 95.12 . . . . . 2.92
Parking fees in home city, excluding residence . . . . . 12,929,897 0.64 . . . . . . 77.19 . . . . . . 88.72 . . . . . 2.93
Parking fees, out-of-town trips . . . . . . . . . . . . . 938,068 0.05 . . . . . . . 5.60 . . . . . . . 6.39 . . . . . 2.79
Tolls or electric toll passes . . . . . . . . . . . . . . 12,640,191 0.62 . . . . . . 75.46 . . . . . . 83.75 . . . . . 2.21
Tolls on out-of-town trips . . . . . . . . . . . . . . . 789,718 0.04 . . . . . . . 4.71 . . . . . . . 5.22 . . . . . 2.16
Towing charges . . . . . . . . . . . . . . . . . . . .3,833,694 0.19 . . . . . . 22.89 . . . . . . 29.33 . . . . . 5.20
Automobile service clubs and gaps services . . . . . . 10,362,891 0.51 . . . . . . 61.86 . . . . . . 63.59 . . . . . 0.66

Consumer Buying Power (Continued on back)

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