A car’s price has risen in the past decade, but it’s not because people have stopped buying cars.
Rather, it’s because the cost of building them has fallen, according to a new paper published in Science.
The researchers found that the decline in car costs has been a combination of the rising cost of vehicles themselves, as well as the fact that consumers have begun to use more public transport.
A few things to note: 1.
The cost of a car has fallen 2.
The share of Americans who drive a car in any given year has declined 3.
The number of people who have bought a car as their main form of transport has increased 4.
The total amount spent on car purchases has increased over the past 15 years Source: New Scientist article The idea that people are turning to private cars to get around is a familiar one, but the researchers who conducted the research did a much more detailed analysis.
They looked at the share of US car purchases in each state, and compared it to the amount spent by Americans on public transport to get a more complete picture of the effect that the cost and mobility of cars has had on the overall level of car ownership.
The team analysed the data from 2005 to 2016, finding that the price of cars fell by $1,300 a year.
The decline was even more pronounced for cars bought by people with a high income.
The car that was cheaper to buy fell by 50 per cent, while the cheaper car that had a higher price fell by 80 per cent.
The price of a brand-new car fell by 10 per cent over the same period, while that of an older model fell by 25 per cent and a brand new hatchback fell by 32 per cent (the car is now cheaper than a Toyota Prius).
What’s more, they found that people who drove more than 20 miles per day per week were spending much less on their cars than the general population, while those who were more car-centric were spending more.
These findings are in line with previous research, which found that car ownership is associated with lower rates of obesity and higher levels of physical activity, both of which are linked to lower rates and shorter life spans.
But the authors say that this new study could be an important step in understanding why people are choosing to buy less cars, and why people have become more willing to do so.
The study looked at more than 5,000 US residents between the ages of 18 and 65, and found that: the average car purchase price has declined by $10,400 over the period, which has fallen by roughly half over the previous decade The average age of people buying a car was also down from 26.6 to 23.4, while car ownership declined by a further 16 per cent The average car price dropped by $15,300 in every state in the country The share that people spent on their car had dropped by 20 per cent from 2004 to 2017, while total car purchases increased by 40 per centThe researchers found similar trends for other things: the number of car-sharing cars has fallen to less than 5 per cent of the population, with the average owner spending about $1 a day on their vehicles (although the number has increased slightly in recent years).
The average annual spend per person has also decreased, from $1.75 to $1 per day, but that figure has risen again, from around $1 in 2004 to $2.50 in 2017, with people spending $4.25 on the vehicle each year.
“We believe the shift away from cars toward more public transit, such as bus or metro services, could be a factor in this decline,” the researchers write.
“However, our data do not allow us to identify a clear causal mechanism.”
This article was originally published on The Conversation.
Read the original article.