The Ongoing Lockdown Can Save -- or Cost -- You Money on Your Car
A historic pandemic is under way, with many, if not most, Americans trying to hunker down and stay home as much as possible. Many of those who are able to are working from home now; many others have lost their jobs.
Our lives have been disrupted, with major changes in how we shop and get various things done. Our financial lives are being disrupted, too, and that includes costs related to our vehicles.
Just how much less are Americans driving? Well, the folks at Arity have some numbers, as they studied data from smartphones and location trackers installed in cars. They found that, overall, 40% fewer miles than normal were driven in the last two weeks of March, and in some places, that number was more like 60%. In California and New York, driving was down 70% once stay-at-home orders were in place.
Source Fool.com
