Heavy Lifting - thoughts and web finds by an economist
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Tuesday, May 11, 2010
Auto affordability, measured as how many weeks of full-time pay it takes to fully pay for a new car, has fallen over the past three quarters, according to Comerica Bank's analysis.
The Comerica graph is a bit tough to read because lower on the vertical axis indicates a more expensive automobile. What is impressive is how more affordable cars have become over the past fifteen years.
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