New Vehicles Slightly More Affordable in April
Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
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Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
The largest share of outstanding student loans is held by graduates age 30 to 39, according to the firm. Many of these graduates belong to the millennial generation, which, according to Pew Research, have overtaken Baby Boomers as the nation’s largest living generation.
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