affordability

Good News: Auto Affordability Improves, Could Lead To Stronger Sales
Good News: Auto Affordability Improves, Could Lead To Stronger Sales

At a time when it seems like everything is going up in price, here’s a rare bit of good news: an “average priced” new car got more affordable in the fourth quarter of last year, requiring just 23.1 weeks of median family income to purchase. From a dollars-and-cents perspective...Read More»

Incentives Shrinking, Bringing Vehicle Prices To Record Levels post thumbnail
Incentives Shrinking, Bringing Vehicle Prices To Record Levels

Remember all the incentives being thrown down on new vehicles a year or two ago? They're pretty much gone, and the transaction prices being paid for new vehicles are now at record levels. According to the pricing-intelligence firm TrueCar, the average transaction price for a new vehicle is up to...Read More»

Vehicle Affordability Up, Despite Finance Crunch, Lower Incomes post thumbnail
Vehicle Affordability Up, Despite Finance Crunch, Lower Incomes

Despite rising costs of financing and falling household income, cars are more affordable than they were this past winter and spring. That's what Comerica Bank found in its latest Auto Affordability Index, which looked at vehicle purchase price, household income indicators, and other factors for the...Read More»

Auto Incentives Surged This Spring, But Affordability Fell Flat post thumbnail
Auto Incentives Surged This Spring, But Affordability Fell Flat

This spring might have been the time of enticing incentives for some automakers—and record high incentives from Toyota—but in a snapshot of the market as a whole it doesn’t look like they made vehicles any more affordable. According to Comerica, the average vehicle took 23.6 weeks of median...Read More»

Zero-Percent Deals Break Through Auto-Affordability Decline   post thumbnail
Zero-Percent Deals Break Through Auto-Affordability Decline

As the auto industry gradually crawls back toward a recovery, car shoppers this winter and spring might have been stymied by one quite significant roadblock: rising interest rates. Although plenty of deals have been had, higher interest rates and more difficult-to-secure financing have been...Read More»

New Cars Remain At Near-Record Affordability post thumbnail
New Cars Remain At Near-Record Affordability

Although cars remain at near record levels of affordability, new-car buyers turned to more expensive vehicles this past quarter. That's according to Comerica Bank's latest Auto Affordability Index, which looks at the number of weeks of family income needed to buy a new car. Overall in the second...Read More»

New Study: Minicars Ranked By Fender-Bender Repair Bill post thumbnail
New Study: Minicars Ranked By Fender-Bender Repair Bill

If you live in a crowded urban environment, you understand the value of minicars. No, they can't haul sheetrock, and trips to the grocery store become more like social calls, but where parking and (occasionally) fuel economy are concerned, they can be a condo-dweller's dream. Until, of course, they...Read More»

Is A Higher Gas Tax The Way To Pay For Road Repair? post thumbnail
Is A Higher Gas Tax The Way To Pay For Road Repair?

Every now and then, one of our posts sparks a nice online discussion. Typical topics: the fate of General Motors after the government bailout, whether hybrid cars are for conscientious citizens or effete wimps ... and, of course, taxes. Yesterday, we asked GreenCarReports.com readers to weigh in on...Read More»

Cars Most Affordable In Decades, Yet Shoppers Balk post thumbnail
Cars Most Affordable In Decades, Yet Shoppers Balk

With all the incentives, lease specials, and aggressive price reductions at dealerships—some desperate to stay open and keep the cars moving—it’s a good time to be a shopper. The latest Auto Affordability Index figures from Comerica are reflecting that; the average-priced light vehicle in the...Read More»

Fewer Drivers See A New-Car Future post thumbnail
Fewer Drivers See A New-Car Future

Americans have to eventually start buying new cars, before rust and accidents and overpriced parts cull the fleet down to a critical point. So it would seem; but the latest news coming today from market-research firm AutoPacific suggests that the uptick might not be coming anytime soon. A big chunk...Read More»

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