Vehicle Affordability Improves to Best Level in 45 Months: Report

Auto dealer sentiment improved in the first quarter, with dealers expecting a strong market over the coming months, a survey said.
Vehicle Affordability Improves to Best Level in 45 Months: Report
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Naveen Athrappully
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March was the best period for buying a car in more than three years in terms of affordability, as factors such as loan rates and incomes grew more favorable, according to automotive services company Cox Automotive.

“New-vehicle affordability improved in March and reached the best level in 45 months,” the company said in an April 15 statement.