Wednesday, March 20, 2013

Latest Automotive Study: Consumers Paying More For New Vehicles

According to the Comerica Bank's Auto Affordability Index, today's automotive consumers are paying more to get into a new ride.  During the last quarter of 2012, the purchase and financing of an average-priced new vehicle took 23.6 weeks of  median  family  income. This means that consumers on average spent an average of $900 more on new cars in the fourth quarter than they did in the third quarter. A few factors that may be driving this includes slightly higher interest rates, consumers purchasing vehicles with more accessories and lower new-vehicle incentives.


Anonymous said...

I read this paragraph completely about the difference of hottest and previous technologies, it's remarkable article.

my web site ...

Anonymous said...

Awesome blog you have herе but ӏ waѕ wondering іf you knew of
any ԁiscusѕion boardѕ that
coveг thе same tоpics discuѕseԁ hеrе?
I'd really love to be a part of online community where I can get responses from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Thank you!

My web-site: best loans for bad credit