How many cars does the average family own?

Answer A study by Experian Automotive found that the average American household owned 2.28 cars. Broken down by percentage, 34 percent of households owned one car, 31 percent owned two cars and 35 percent... Read More »

Top Q&A For: How many cars does the average family own

On Average, How Much Do Cars Depreciate?

On average, cars depreciate by about 65% over the first five years, according to Kelley Blue Book, an automotive pricing firm. Most of this value is lost in the first few years.Source: http://www.c... Read More »

Average APR Financing for Cars?

The average APR financing for cars is 7 percent for a 60-month (five-year) loan for a new car and 7.86 percent for a 36-month (three-year) loan for a used car.Source:

What Is the Average Gas Mileage of Cars?

The average gas mileage of cars is 31.2 miles per gallon, based on preliminary mileage estimates for 2008 model-year passenger cars. Light trucks averaged 23.4 miles per gallon.Source: http://blogs... Read More »

How Many Cars on Average Are Made in One Year?

A total of 49, 434, 875 cars on average is made in one year. This figure is based on production statistics from the International Organization of Motor Vehicle Manufacturers, on the average number ... Read More »