DALLAS — With auto affordability improving in the fourth quarter of last year, dealers may see an influx of shoppers on their lots who had held off buying a new vehicle due to rising prices.
According to Comerica Bank, the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011.
This marks the best affordability reading since the third quarter of 2009.
On average, this drop in prices saved shoppers an average of ...
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