(PHOENIX)– Edmunds says 2019 will mark the 5th straight year new auto sales top 17 million. In the same year, the Federal Reserve Bank of New York reported a record 7 million Americans were at least three months behind on auto loans. That’s a million more delinquent borrowers compared to 2010 when delinquency rates were at their worst.
In November 2019, Edmunds data revealed the average transaction price for a new vehicle climbed to an all-time high of $37,981. AAA reports the average overall cost of vehicle ownership is $9,282 a year or $773.50 a month.
All these numbers add up to reasons many people should stick with their current vehicles. With proper maintenance, many cars can safely and reliably make it to 200,000 miles.
Every day, your Neighborhood Auto Repair Professionals (NARPRO) advise consumers on how to keep their cars running longer while minimizing expenses.
Pay attention to your car
Be curious
Develop a relationship
Focus on maintenance
Handling repairs when you’re financially strapped
NARPRO (Neighborhood Auto Repair Professionals): The Neighborhood Auto Repair Professionals (NARPRO) helps car owners find skilled and honest car repair shops. NARPRO only recommends independent, family-owned, full-service auto repair shops that have passed 26 rigorous tests.Visit www.NARPRO.com to find recommended shops near work or home. NARPRO is the easiest way to find an honest mechanic in the Valley.