2012: Car ownership busts the $10,000 bar
For years the estimate of how much it costs for the average Canadian car has been hovering below the $10,000 mark. According to a reliable source (the Canadian Automobile Association – not exactly biased against the car), it has bust through:
According to data from Canadian Automobile Association and Globe Drive research, the average annual cost to own and operate a vehicle is $10,452 a year. This figure is based on the cost of running a 2012 Toyota Camry, 18,000 km a year, with the cost of gas set to $1.23/litre, with regular maintenance and repair.
Which helps explain this:
THE CHANGING WORLD OF CAR SHARING: “Turning would-be car buyers into renters”
… corporate car-sharing services, though positive steps toward reducing emissions and dependence on car ownership, are only nominally about “sharing.” They’re really just a more streamlined version of car rental, with better apps and more options for pickup and drop-off.
The bigger impact Zipcar and its brethren have made is empowering true peer-to-peer car-sharing services, like RelayRides, Getaround, and SideCar, which allow car owners to rent out their vehicles when not in use. These operations don’t put any new vehicles on the road, and they funnel money back into the community by turning would-be car buyers into renters helping offset their neighbors’ car payments and insurance bills.
They also address what Alex Steffen calls “surplus capacity” – the amount of time a perfectly good object or appliance sits idle – among existing individually owned cars, saving resources down the road.