New Data

Study: 69 million breakdowns have $41 billion economic impact each year in the U.S.

Each year there are 69 million vehicle breakdown events in the U.S. alone.

Photo by Getty Images

Has your car ever broken down? You are not alone. Agero, one of largest providers of driver assistance software and services, has announced the findings of a recent study that showed that there are 69 million breakdowns each year in the U.S. alone. That's the equivalent to one in every three drivers.

Altogether, those breakdowns have a $41 billion impact on the economy. Aergo asked a number of questions as it analyzed the gathered data including:

  • Besides the roadside and tow operator service costs, what is the financial impact of all the time that drivers spend dealing with their car when they were planning on being at work or picking up their children from school?
  • What about the time other drivers lose when they are sitting in traffic behind a stuck car?
  • How much does it cost to repair the car, or buy a new tire or battery once the car is off the road?
  • When hundreds of service providers and drivers are injured or killed on the side of the road after breakdowns, what is the cost to our society of the medical bills and the loss of life?

Here is what they learned.

The cost of breakdowns in the U.S. is more than the combined salaries of every household in Miami, Orlando, New Orleans, and St. Louis, combined, according to U.S. Census Bureau data. It averages about $315 per American household, which is the equivalent of the GDP of Bolivia, as calculated by the International Monetary Fund.

The annual cost of roadside assistance is $7 billion. Forty-one tow company workers were killed on the job in 2017 and 980 were injured according to the U.S. Bureau of Labor and Statistics.

tow truck operator Ford Escape Nearly 1,000 tow truck drivers were injured on the job in 2017. Photo by Getty Images

What do breakdowns mean for U.S. businesses? There are 30 million lost workdays each year due to breakdowns alone, which results in a $9 billion impact to drivers and businesses.

Each year, 150 million people spend 120 million hours sitting in traffic jams caused by breakdowns.

The human cost of a breakdown is startling, and yet another reason for drivers to give plenty of clearance space when they approach a breakdown on the road. More than 700 drivers are killed per year while trying to resolve a breakdown according to numbers from the Governors Highway Safety Association, Center for Advancing Transportation Leadership and Safety, and National Highway Traffic Safety Administration. The economic of those injuries and fatalities is $8 billion.

Americans pay $15 million in repair costs annually from breakdowns.

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Nuts & Bolts

 
 

The Porsche Panamera lineup has finally fully been revealed.

Photo courtesy of Porsche AG

The 2021 Porsche Panamera lineup has been completed with the announcement of two new models, the Panamera Turbo S E-Hybrid and Panamera 4 E-Hybrid. They join the Panamera 4S E-Hybrid as a trio of Panamera PHEVs for 2021. Each is available in regular, Sport Turismo, and Executive body styles.

The 2021 Panamera Turbo S E-Hybrid is the new flagship in the stable. It boasts an exceptional 689 horsepower and 642 pound-feet of torque. Porsche has engineered the flagship to get a combined a 563-horsepower 4.0-liter twin-turbo V8 with a 134-horsepower electric motor, paired with an eight-speed dual-clutch transmission. Its 17.9-kilowatt-hour battery is shared with the Panamera 4S E-Hybrid.

2021 Panamera Turbo S E-Hybrid

Photo courtesy of Porsche AG

The flagship model comes standard with Porsche's Sport Chrono package. The equipment helps the traditionally-bodied Panamera get from zero to 60 mph in 3.0 seconds while the Executive wheelbase model takes one-tenth of a second longer. The Turbo S E-Hybrid sedan and Sport Turismo also offer the quickest acceleration from 0 to 124 mph of any 2021 Panamera at 10.9 seconds. It has a top track speed of 196 mph, a 4 mph improvement over the 2020 model.

Every 2021 Panamera Panamera 4 E-Hybrid has the same electric motor setup as the flagship. It pairs the motor with a 2.9-liter twin-turbo V6 for a total system output of 455 horsepower, an increase of 12 horsepower over the 4S model. It too has an eight-speed dual-clutch transmission.

The 2021 Panamera 4 E-Hybrid takes just 4.2 seconds to reach 60 mph from a standing start and has a top speed of 174 mph. Both of those numbers improve on the 2020 version of the same model.

Both models feature the freshly redesigned interior and exterior of the Panamera. This includes the Porsche Communication Management infotainment operating system, which now features a higher display resolution and includes additional digital functions and services like Voice Pilot online voice control and wireless Apple CarPlay.

The Porsche Panamera E-Hybrid family tree has a starting price of $103,800 for the Panamera 4 E-Hybrid. The previous Panamera Turbo S E-Hybrid Executive topping out the lineup at $198,100. Pricing for the new models has yet to be revealed, but it's safe to expect it to be similar.

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The Hummer EV will first be sold in the Edition 1 grade (shown above). Images of other trim levels haven't been released yet.

Photo courtesy of GMC Hummer EV

The good news is that the GMC Hummer has finally been revealed. The bad news is that all the grades of the Hummer EV won't be available right away. Scroll down to see all the time, prices, specs, and expected availability of each Hummer EV model.

2022 GMC Hummer EV Edition 1

2022 GMC Hummer EV

Photo courtesy of GMC

Starting at: $112,595
Available: Fall 2021

Range: 350+ miles
Power: Three motors/1,000 horsepower/11,500 pound-feet of torque

Standard features:

  • Watts to Freedom launch mode
  • Extreme Off-Road Package
  • 800-volt DC fast-charging capability up to 350-kilowatts
  • Infinity Roof with modular transparent Sky Panels
  • Interior badge
  • White exterior

2023 GMC Hummer EV 3X

Starting at: $99,995
Available: Fall 2022

Range: 300+ miles
Power: Three motors/800 horsepower/9,500 pound-feet of torque

Standard features:

  • Torque vectoring
  • 22-inch premium wheels

2024 GMC Hummer EV 2X

Starting at: $89,995
Available: Spring 2023

Range: 300+ miles
Power: Two motors/625 horsepower/7,400 pound-feet of torque

Standard features:

  • Four-wheel steering
  • CrabWalk
  • Adaptive air suspension
  • Available Extract Mode
  • Adaptive ride control
  • 800-volt DC fast-charging capability

2025 GMC Hummer EV 2

Starting at: $79,995
Available: Spring 2024

Range: 250+ miles
Power: Two motors/625 horsepower/7,400 pound-feet of torque

Standard features:

  • Super Cruise
  • HD Surround Vision
  • Digital Key
  • 22-inch wheels with 35-inch tires
  • Infinity Roof
  • Rear drop glass
  • MultiPro Tailgate
  • Adrenaline Mode
  • 400-volt DC fast-charging capability

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