Hispanics Grabbing the Keys - buying more cars

Hispanics are buying more new cars and trucks than ever before, scooping them up at a faster pace than the overall market.

In 2005, Hispanic households spent nearly $22 billion on new vehicles, up from the $9 billion they spent in 1994, according to the recently released “Consumer Expenditure Survey, 2005,” from the U.S. Department of Labor’s Bureau of Labor Statistics.”*

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