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Drones over U.S. may pose security risks
DETROIT, May 10 (UPI) -- New cars have become more affordable given their lower price and new incentives offered by U.S. automakers, analysts say.
The Detroit News reported Sunday that vehicle prices fell sharply during the first quarter, the Comerica Bank's Auto Affordability Index indicates.
The survey found that it took 21.5 weeks of median family income to buy a $26,000 new car or truck. During the fourth quarter of 2008, when the average vehicle cost was $1,700 higher, it took 22.8 weeks of income.
The affordability index is at its lowest since the index was started in 1979, said Dana Johnson, Comerica's chief economist.
"It should be no surprise that cars are very affordable now," Johnson said. "With weak demand, there are a lot of incentives," he said.
Johnson said there has been a longtime trend among automakers of not increasing the price of new cars, and the sticker prices have not increased with incomes.
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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