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Price of Cars Relative to Income Higher, It's The Economy Stupid

The Auto Affordability Index found that it's getting more expensive to buy a new car, as if we needed another reason to consider buying a vintage RWD import instead of something from a dealer's lot. In the third quarter of 2007, it took 24.8 weeks of median family income to buy an average-priced car or truck, compared… » 11/09/07 12:30pm 11/09/07 12:30pm