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Fewer Americans expected to drive for Independence Day

Posted on Friday, June 21, 2013 at 3:15:37 PM

According to a report by AAA, the number of Americans driving for the Fourth of July will decrease from the previous year. In 2012, the holiday period began on a Wednesday, adding an extra day to the normally five-day travel window.

"This year nearly 41 million Americans plan to celebrate the nation's birthday with a getaway, a slight decline from last year," said AAA President and CEO Robert L. Darbelnet.

The drop from 41.1 million in 2012 to the expected 40.8 million this year is attributed to Independence Day falling on a Thursday. With less travel time, more people are considering speedier options, like flying. 

"This projection is due to the calendar effect of one fewer day in the holiday period and economic growth that is not robust enough to offset the impact of the sequester and the effect of the end of the payroll tax cut on American families," added Darbelnet.

The busiest travel days around the Fourth of July holiday are July 3 and July 7, according to the AAA report. Only 38 percent of Americans plan to extend their holiday into the following week.

If you are looking for affordable auto financing for your Independence Day travels, contact Home Loan Investment Bank.