Vehicle purchases are the largest transportation component and accounted for 42 percent of transportation spending in 1997. During the year, spending on vehicle purchases dropped by 2.8 percent, after rising 6.7 percent in 1996. Vehicle purchases fluctuate widely from year to year because relatively small changes in the percentage of consumer units buying expensive, infrequently purchased vehicles have a large effect on the average. Spending on public transportation decreased 8.0 percent in 1997, following a 20.3-percent increase the previous year.
Public transportation includes airline, ship, and train fares, as well as mass transit.
Other vehicle expenses account for about a third of overall transportation costs and include vehicle finance charges, maintenance and repairs, vehicle insurance, and vehicle rentals and leasing. These data are a product of the BLS Consumer Expenditure Survey . The Bureau of Labor Statistics is an agency within the U.S. Department of Labor .