Vehicle Affordability Index Archives

New-Vehicle Affordability Declines to New Low in June 07/15/2021 With market dynamics leading to record prices and record low incentives, new vehicle affordability declined this spring. In addition, with waning stimulus support, affordability declined in June to a new low on the affordability index, which dates to 2012. The number of median weeks of income needed to purchase the average new vehicle in June increased to 37.0 weeks in June from an upwardly revised 35.5… Read Article

Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

New-Vehicle Affordability Declines Again in May 06/15/2021 With extremely strong vehicle demand this spring resulting in ever-tightening supply, new-vehicle affordability would have had challenges with higher prices and lower incentives. Adding in the effect of waning stimulus support, affordability declined again in May and reached challenging levels last seen in December 2013. The number of median weeks of income needed to purchase the average new vehicle increased to 35.5 weeks in May from… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

New-Vehicle Affordability Declines in April 05/17/2021 Breaking a streak of five straight months of improvement, new-vehicle affordability declined in April. The number of median weeks of income needed to purchase a new vehicle increased to 33.8 weeks from an upwardly revised 32.4 weeks in March. Click image to enlarge. In April, the price paid was modestly higher and the average financing rate also slightly increased, so the monthly payment increased. Median incomes… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

Vehicle Affordability Improves Again in March 04/15/2021 For the fifth straight month, affordability improved in March, according to the Cox Automotive/Moody's Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase a new vehicle declined to 31.8 weeks from an upwardly revised 32 weeks in February. The index shows that new vehicles have become relatively more affordable since October 2020, when the affordability index reached 35.3 weeks, the high… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

Vehicle Affordability Improves Again in February 03/15/2021 Affordability improved in February, as represented by median weeks of income needed to purchase a new vehicle declined to 31.7 weeks from 32.5 weeks in January. 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

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

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

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

Introducing the Cox Automotive/Moody’s Analytics Vehicle Affordability Index 11/17/2020 Affordability has been an important issue for housing for a decade now. When I left real estate and joined Cox Automotive in early 2017, affordability was becoming a worry in the auto market as well. In my nearly four years following the auto industry, I’ve watched transaction prices climb relentlessly and just last month hit an all-time high. We’re now within reach of $40,000 being the… Read Article

affordability Vehicle Affordability Index Market Insights Smoke on Cars Economy & Trends

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