The
percentage of Americans’ annual incomes needed to buy a new car has reached its
lowest level since 1989, according to the Motor & Equipment Manufacturers
Association’s (MEMA) Automotive Industry Status Report 2000.
A new car purchase took five months or 22.5 weeks of the average American’s
after-tax salary in 1999 compared to 22.3 weeks salary in 1989.
Go deeper with GlobalData
The average new vehicle sold for $21,022 in 1999, up one percent from 1998
and three percent above the 1997 average.
Since 1981, Americans have had to spend at least 20 weeks’ after-tax salary
on new vehicles.
|
To view related research reports, please follow the links How well do you really know your competitors?Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. 
Company Profile – free
sample
Thank you!Your download email will arrive shortly Not ready to buy yet? Download a free sampleWe are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Automotive b2b – Strategic threats and opportunities in the automotive |
