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ComericaBank

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    STUDY: Average car costs 22.1 weeks of median family income, average price at $26,300     1250606400

    A study by Comerica Bank shows that the average purchase price of a new vehicle went up $300 in the second quarter versus the Q1, bringing the average transaction price to $26,300. The upward swing in prices came at a time when the average household income remained stagnant. The average family ...

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    Are cars getting cheaper or are we getting paid more?     1178834520

    The first quarter of 2007 wasn't exactly a banner period for car sales, and the average price of a new car went down $550 vs. the fourth quarter of 2006, so says a study performed by Comerica Bank. That extra $550 represents 1.5 weeks less of overall family income to pay for a new vehicle than the ...

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