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Comerica Bank

Comerica Bank: Auto Affordability Down in Fourth Quarter

Consumers spent an average of $900 more on new cars in the fourth quarter 2012 than they did in the third quarter, according to Comerica Bank's Auto Affordability Index.

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Auto Affordability Improved in 4Q 2011, Comerica Bank Reports

A report by Comerica Bank indicated that the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009.

Auto Affordability Slips in Q3, Comerica Bank Reports

Auto affordability fell in the third quarter, continuing the declining trend since affordability peaked in 2009, according to Comerica Bank.

Auto Affordability Flat in Q1, Comerica Bank Says

The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the first quarter of 2011, unchanged from its fourth quarter 2010 level.

Auto Affordability Flat as Recovery Slows in Q2

The purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the second quarter of 2010, according to Comerica Bank’s Auto Affordability Index.

Auto Affordability Normalizes Post-Clunkers, Comerica Reports

The purchase and financing of an average-priced new vehicle took 23 weeks of median family income in the fourth quarter 2009, according to Comerica Bank's Auto Affordability Index.

Auto Affordability Reaches New Index Best, Says Comerica

The purchase and financing of an average-priced new vehicle took 21.9 weeks of median family income in the third quarter 2009, according to Comerica Bank's Auto Affordability Index.

Prestige Financial Gets Credit Commitment From Comerica Bank

Prestige Financial Services Inc. announced Monday that Comerica Bank will join Wells Fargo Preferred Capital and Bank of America Business Capital as lenders on Prestige’s line of credit.

Auto Affordability Remains Near Index Best, Says Comerica Chief Economist

The purchase of an average-priced new vehicle took 22.1 weeks of median family income in the second quarter 2009, according to Comerica Bank's Auto Affordability Index.

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