Consumers had to work 26.2 weeks at the median family income

Consumers had to work 26.2 weeks at the median family income to cover the average pr



Consumers had to work 26.2 weeks at the median family income to cover the average price of a new vehicle in the last quarter of 2006, according to Comerica Bank's Auto Affordability Index. That's a 2.2 week increase over the third quarter, which is the biggest one-quarter drop in affordability recorded by the index. Including finance charges, the total cost of buying an average-priced light vehicle was $29,400 in the fourth quarter, up 3 percent from a year ago.