By Clark HowardHLN
ATLANTA, Georgia (CNN) -- Are you one of the seemingly few Americans in the market for a car? There are more of you out there than you might think.
CNW Marketing Research, a respected automotive marketing research firm, reports that 4 million used cars were purchased in the United States during the month of May alone. That's amazing when you consider that the market for new cars is 9 million in the United States over the course of an entire 12 months.
Yet don't overlook the new car as a potential purchase just yet.
New data from Comerica Bank's Auto Affordability Index shows that new cars are now the most affordable they've been since records started being kept in 1979. In fact, the average new car is now $1,700 cheaper than it was during the last quarter of 2008. And we've got more price cuts coming because of oversupply.
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2 comments:
So true! Aaron & I just purchased a brand spankin' new 2009 Honda CRV on Independence Day! We LOVE it!
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