New-vehicle affordability at best level in 45 months
Used-vehicle retail sales climbed 12.2% YoY
New-vehicle prices and interest rates declined year over year while consumer income rose in March, contributing to the best new-vehicle affordability since July 2021. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index, which measures the median weeks of income needed to buy a new vehicle, fell to 36.7 weeks compared with 38.4 weeks a year prior […]
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