Fourth Quarter Sees Decline In Car Affordability

According to Comerica Bank’s Auto Affordability Index, autos became more expensive and harder to afford for the average consumer during the latter three months of 2012. Experts claim an increase in interests rates as well as the rising cost of the average vehicle is to blame. Sales surged after the effects of Hurricane Sandy, but are now in slight a downward trend.

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http://www.fi-magazine.com/News/Story/2013/03/Comerica-Bank-Auto-Affordability-Down-in-Fourth-Quarter.aspx?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FIMagazine+(F%26I+Magazine)