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Automobile Affordability - Advancing American Freedom
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Automobile Affordability - Advancing American Freedom
New-car affordability has improved markedly over the past fourteen years, falling from roughly 14 months of median household income in 2012 to about 12.5 months today, though a sharp COVID-era spike interrupted those gains before recovering. More recently the index has flattened, and newly imposed tariffs on imported vehicles, steel, aluminum, and parts threaten to stall or reverse the gains.
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