According to Truecar.com and NPR, the average price of an automobile topped $30,000, or $2,000 more than last year. As a comparison, I thought it would be interesting to see how auto prices have stacked up versus housing prices. Using the Manheim Used Vehicle index and the Case Shiller 10 home price index, we can see that the two look to moving back towards each other after a large divergence.
Were people buying houses instead of cars from 2002-2006 and now reversing the pattern?
