Auto Affordability Improved Again in the Second Quarter Reports Comerica Bank's Auto Affordability Index (Boursorama)
Auto Affordability Improved Again in the Second Quarter Reports Comerica Bank's Auto Affordability Index (Boursorama)
DETROIT, Aug. 8 /PRNewswire-FirstCall/ -- The purchase of an average- priced, new vehicle took 25.1 weeks of median family income in the second quarter, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. That is the second consecutive decline in our quarterly index, which is down 1.3 weeks from the fourth quarter of 2005 and is at its lowest level in eight quarters.
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