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1 min read
Vehicle Affordability Improves for Third Consecutive Month in January 02/15/2021 Affordability improved in January, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.9 weeks in December. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index continues to show that new vehicles have become relatively more affordable since October 2020, when the affordability index reached 35.3 weeks, the high point for the calendar year 2020. Click image to enlarge.… Read Article
Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point
2 min read
Vehicle Affordability Improves Again in December 01/15/2021 Affordability improved in December, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.8 weeks in November. The index was below the mid-point for the extreme highs and lows experienced in 2020 as every key variable (price paid, interest rate, incentives, and income) had substantial shifts throughout the year. Click image to enlarge. In addition to higher… Read Article
Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point
2 min read
Vehicle Affordability Improves in November 12/16/2020 Vehicle affordability improved 1.42% month over month in November according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI). November was the first month-over-month improvement in vehicle affordability since May 2020, when the index reached 30.80, the lowest point in the past eight years. Year over year, November’s VAI of 32.55 is just slightly lower than November 2019, when the index stood at 32.81, meaning affordability… Read Article
Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point
4 min read
Cox Automotive and Moody’s Analytics Launch Vehicle Affordability Index 11/17/2020 ATLANTA, Nov. 17, 2020 – Cox Automotive and Moody’s Analytics are launching today the Vehicle Affordability Index that quantifies price movements in the new vehicle market in relation to the spending power of the U.S. consumer. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) will be updated monthly using the latest data from government and industry sources, including key pricing data from Kelley Blue Book, a… Read Article
Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Press Releases