New-Car Prices Are Likely to Stall this Year, Offering Savvy Shoppers a Buying Opportunity, Says Requisite Press

LOS ANGELES, Jan. 13, 2016 /PRNewswire/ — Requisite Press, LLC reported today a December 2015 Auto Buyer's Affordability Index (ABAI) of 57.9, indicating that a prudent, median-income household can afford 57.9 percent of the new-car average price. The ABAI was down from last month's value of 59.0, but up nearly 13 percent year-over-year. Affordability was driven […]

New-Car Affordability Rises 9 Percent as Incomes Outpace Prices, According to Requisite Press

The Auto Buyer's Affordability Index increased, for the sixth consecutive month, to 57.4 in June LOS ANGELES, July 15, 2015 /PRNewswire/ — Requisite Press, LLC reported today a June 2015 Auto Buyer's Affordability Index (ABAI) of 57.4, indicating that a prudent, median-income household can afford 57.4 percent of the new-car average price. The index is […]

New-Car Affordability Driven Down by December Price Spike, According to Requisite Press

The December Auto Buyer's Affordability Index stands at 51.3, down 3.2 percent from last month. LOS ANGELES, Jan. 14, 2015 /PRNewswire/ — Requisite Press, LLC reported today a December 2014 Auto Buyer's Affordability Index (ABAI) of 51.3, indicating that a prudent, median-income household can only afford 51.3 percent of the new-car average price. The ABAI decreased […]

November's New-Car Buyers Spent an Extra $1.4 Billion with Long-Term Loans, According to Requisite Press Study

LOS ANGELES, Dec. 10, 2014 /PRNewswire/ — Requisite Press, LLC reported today a November 2014 Auto Buyer's Affordability Index (ABAI) of 53.0, indicating that a prudent, median-income household can only afford 53.0 percent of the new-car average price. In a survey of new-car buyers that have used long-term financing, Requisite Press found that nearly half […]

Weaker New-Car Prices Could Signal End to 35-Year Price Premium, Requisite Press Reports

LOS ANGELES, Nov. 12, 2014 /PRNewswire/ — Requisite Press, LLC reported today an October 2014 Auto Buyer's Affordability Index (ABAI) of 54.1, indicating that a prudent, median-income household can only afford 54.1 percent of the new-car average price. New-car sales and transaction prices have largely recovered since the Great Recession. However, transaction prices have recently begun […]

Hottest New-Car Segment Remains Unaffordable without Maximizing Savings Throughout Car Buying Process, Advises Requisite Press

To support maximum car-buyer savings, Requisite Press launches the Auto Buyer's Weekly Edge videocast. LOS ANGELES, Oct. 8, 2014 /PRNewswire/ — Requisite Press, LLC reported today a September 2014 Auto Buyer's Affordability Index (ABAI) of 54.1, indicating that a prudent, median-income household can only afford 54.1 percent of the average new-car price. Median-income families continue to […]

New-Car Affordability Improves but Consumer Action Required to Expand Buyer Access, Says Requisite Press

To increase consumer awareness, Requisite Press launches Auto Buyer's Edge YouTube channel for car buyers. LOS ANGELES, Sept. 10, 2014 /PRNewswire/ — Requisite Press, LLC reported today an August 2014 Auto Buyer's Affordability Index (ABAI) of 54.8, indicating that a prudent, median-income household can only afford 54.8 percent of the average new-car price. The ABAI has […]

Car Prices Outpace Incomes Since the Recession but Better Access Saves Consumers According to Requisite Press

LOS ANGELES, Aug. 6, 2014 /PRNewswire/ — Requisite Press, LLC reported today a July 2014 ABAI of 53.5, indicating that a prudent, median-income family can only afford 53.5 percent of an average new-car price. New-car prices increased at more than twice the rate of incomes during the five years (2009 through 2013) of economic recovery since […]

New Cars Are Largely Unaffordable But Consumer Action Improves Outcomes According to Requisite Press

The June Auto Buyer's Affordability Index (ABAI) stands at 52.7, up 0.8 percent from May 2014, reports Requisite Press LOS ANGELES, July 9, 2014 /PRNewswire/ — Requisite Press, LLC reported today a June 2014 ABAI of 52.7, indicating that a prudent, median-income family can only afford 52.7 percent of an average-priced new car. In fact, only […]

Auto Buyers Gain New Financial Insight with AffordCheck(SM) by Requisite Press

LOS ANGELES, July 2, 2014 /PRNewswire/ — Requisite Press, LLC announced today the availability of AffordCheckSM, a free, online financial assessment tool based on the 20-4-10 auto financing rule. Using household income information, buyers can quickly determine an affordable payment and price, or get an instant assessment of dealer quotes. "We all know that it's important […]

Requisite Press Reports Minimal Change in New-Car Affordability Gap in May

The Auto Buyer's Affordability Index (ABAI) stands at 52.3 meaning that U.S. median-income buyers can only afford 52.3 percent of the May new-car average transaction price (ATP) LOS ANGELES, June 11, 2014 /PRNewswire/ — Requisite Press, LLC reported today a May 2014 ABAI of 52.3. A score of 52.3 indicates that a U.S. median-income buyer […]

Monthly Auto Buyer's Affordability Index (ABAI) Targets Improved Consumer Awareness

LOS ANGELES, May 13, 2014 /PRNewswire/ — Requisite Press, LLC announced today the initial release of the monthly U.S. Auto Buyer's Affordability Index (ABAI). The purpose of the ABAI is to provide regular, ongoing consumer awareness of new-car affordability considerations for improved household financial health. The April 2014 ABAI is 52.1 on a scale of […]