Ten Reasons for drop in Car Ownership
In the United States, we embarrassingly have more vehicles than people with driver’s licenses. AAA estimates that it costs $8,000 per year for each car owned, which creates a financial burden on cash-strapped Americans. To the rescue are 10 positive trends that helped Americans scrap 14 million cars in 2009, while only buying 10.5 million new ones. Ownership is declining because of 10 factors including urban density, transit, employer programs, and intermodal intelligence.