New Car? That'll Be Nearly Half Your Annual Family Income Please
A new report says auto affordability slipped in the third quarter of 2011. The purchase and financing of an average-priced new vehicle took 24.2 weeks of median family income in the third quarter of 2011, slightly more than the 24.0 weeks of median family income in the second quarter. Consumers on average spent $650 more (an increase of 2.6%) on new cars in the third quarter.
Why? One reason is because we're making less due to the poor economy.
MarketWatch has more.
About SRTC
SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.
SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.
No comments:
Post a Comment