In a bit of good news for consumers -- and clearly bad news for the domestic carmakers -- vehicles were more affordable in the first quarter of 2008 than at any other time since immediately after the Sept. 11 terror attacks of 2001. "It's a buyers market and the producers...
DETROIT, May 9 /PRNewswire-FirstCall/ -- The purchase of an average-priced new vehicle took 23.9 weeks of median family income in the first quarter, according to the Auto Affordability Index compiled by Comerica Bank. The latest reading is down 0.6 weeks from the fourth quarter and 1.1 weeks compared...
To: AUTO EDITORS Contact: Media, Dana Johnson, Senior Vice President and ChiefEconomist, +1-214-828-5970, djohnson@comerica.com, or Data, MarshaHalliburton, Data Analyst, +1-313-222-4568, both of Comerica Bank DETROIT, Nov. 8 /PRNewswire-FirstCall/ -- The purchase of anaverage- priced new vehicle took 24.8 weeks of median family incomein the third quarter, according to the...
To: BUSINESS EDITORS Contact: Media Contact: Dana Johnson, Senior Vice President andChief Economist, +1-734-930-2401, djohnson@comerica.com, or DataContact: Marsha Halliburton, Data Analyst, +1-313-222-4568, both ofComerica Bank DETROIT, Aug. 8 /PRNewswire/ -- The purchase of an average-pricednew vehicle took 24.6 weeks of median family income in the secondquarter, according to the...
To: BUSINESS EDITORS Contact: Media, Dana Johnson, Senior Vice President and ChiefEconomist, +1-734-930-2401, or djohnson@comerica.com; or DataContact, Marsha Halliburton, Data Analyst, +1-313-222-4568, both ofComerica Bank DETROIT, May 9 /PRNewswire-FirstCall/ -- The purchase of anaverage-priced new vehicle took 24.7 weeks of median family income inthe first quarter, according to the...
To: AUTO EDITORS Contact: Media, Dana Johnson, Senior Vice President and ChiefEconomist, +1-734-930-2401, or djohnson@comerica.com, or Data, MarshaHalliburton, Data Analyst, +1-313-222-4568, ormlhalliburton@comerica.com, both of Comerica Incorporated DETROIT, Feb. 12 /PRNewswire-FirstCall/ -- The purchase of anaverage- priced new vehicle took 26.2 weeks of median family incomein the fourth quarter, according...
SAN MATEO, Calif. & LONDON -- Index Ventures and Battery Ventures today announced they have co-led a $10M Series A investment in Spot Runner, the first Internet-based advertising agency that makes it fast, easy and affordable for local businesses to advertise on TV. Comerica Bank and others also provided funding...
DETROIT -- The average cost of a new car during the third quarter was the highest in four years, according to the Comerica Auto Affordability Index. The bank says that's because financing costs have been increasing and because consumers have used incentives to upgrade their vehicle choices. ...
M2 PRESSWIRE-18 May 2005-Comerica: Auto affordability improves slightly in first quarter 2005, reports Comerica BankC1994-2005 M2 COMMUNICATIONS LTD RDATE:17052005 DETROIT - The purchase of an average-priced new vehicle during the first quarter of 2005 took 24.4 weeks of median family income,...
M2 PRESSWIRE-14 February 2005-Comerica Bank: Auto Affordability still gradually improving forth quarter 2004, reports Comerica Bank C1994-2005 M2 COMMUNICATIONS LTD RDATE:02142005 DETROIT - The purchase of an average-priced new vehicle during the fourth quarter of 2004 took 20.6 weeks...
M2 PRESSWIRE-3 December 2004-Comerica: Cost of average-priced new vehicle rose slightly during third quarter, Comerica reportsC1994-2004 M2 COMMUNICATIONS LTD RDATE:12022004 DETROIT - The purchase of an average-priced new vehicle during the third quarter of 2004 took 20.8 weeks of median family...
M2 PRESSWIRE-17 May 2004-Axcess News: Autos at Most Affordable Level in 25 YearsC1994-2004 M2 COMMUNICATIONS LTD RDATE:05172004 Detroit - AXcess News (www.axcessnews.com) - The purchase of an average- priced new vehicle during the first quarter of 2004 took 20.5 weeks of...
Byline: Dave Boe The Auto Interiors Trade Show named 2003 Cadillac's CTS sedan and the 2003 Hummer H2 sport utility as the winners to the 2003 Car and Truck Interior of the Year award. Five finalists in both categories cars and trucks, were chosen...
U.S. auto consumers benefitted from fierce competition among automakers in 2002 as the average-priced new vehicle were more affordable. According to the Auto Affordability Index compiled by Detroit-based Comerica Bank, the purchase of an average- priced new vehicle in 2002 was one-half week more affordable than a year earlier....
The purchase of an average- priced new vehicle during the third quarter of 2002 took 19.9 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. This is a full week less than the first two quarters of the year, which registered...
The purchase of an average- priced new vehicle during the second quarter of 2002 took 20.9 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. This is unchanged from the first quarter, but is 0.8 weeks more affordable than the same...
DETROIT - If you bought a new car or light truck last fall, you worked longer to pay for it than those who purchased their vehicles in the summer. This is according to the Auto Affordability Index compiled by Comerica Bank in Detroit....
Feb. 15--General Motors Corp. says it will spend $90 million to modernize its engineering and design facilities in Pontiac as part of a $2-billion, five-year strategy to consolidate Michigan operations at six campuses in hopes of reducing the time it takes to get cars and ...
Knight Ridder/Tribune Business News Sep. 2 -- America's scorching demand for trucks -- and automakers' generous rebates -- propelled General Motors Corp. and DaimlerChrysler AG to increased August sales. Consumer confidence in the stock market, low unemployment and relatively...
DETROIT--BUSINESS WIRE--Aug. 11, 1999-- The purchase of an average-priced new vehicle during the second quarter of this year required 23.6 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. This compares with 23.7 weeks of income required for purchase...
Articles 1999-08-11
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