U.S. Consumers spent an Average of Nearly $2,000 on Vehicle Repairs and Maintenance in the Last Five Years, Ally Survey Finds
Millennials and Gen Z hit harder by repair bills at time when many consumers may struggle to cover unexpected costs

DETROIT, Aug. 26, 2019 -- On average, Americans spent $1,986 on vehicle repairs and maintenance in the last five years, according to a recent Ally survey conducted online by The Harris Poll among 2,012 U.S. adults.
Millennials and Generation Z (ages 18-34 for this survey) paid an average of $2,334 for vehicle maintenance and repairs in the past five years—a significantly higher financial burden than baby boomers and older adults. In comparison, adults 55 and older spent $1,654, on average, during the same timeframe.
A new survey from Ally finds that Gen Z and millennial consumer paid nearly $700 more for vehicle repairs and maintenance in the past five years than U.S. adults aged 55 and over.Millennials and Gen Z face steeper repair bills at a time when many consumers may struggle to cover unexpected costs
Ally's survey results come on the heels of research from the Federal Reserve that found that nearly 4 in 10 adults would not be able to cover unexpected expenses of $400 without selling something or going into debt.
"Many Americans rely on their cars to get to work and losing access to your vehicle can be a major disruption and huge source of stress—particularly if you can't cover the repair cost," said Mark Manzo, President of Insurance at Ally Financial. "The financial strain can be even more daunting for young people who are early in their careers and may be paying down student loan debt as well."
And when it comes to savings, younger adults are at a disadvantage. Another recent Ally survey found that two-thirds of 18- to 24-year-olds have not established any type of emergency savings fund, compared to approximately half of all other adults.
Ally's latest survey findings uncovered significant differences in expenses by age and family size, suggesting that not all Americans share in repair costs evenly:








