By Julie A. Enzweiler, Automotive – Research Director
One might assume that the unemployment rate at a state level would show a strong negative correlation to the likelihood to purchase a vehicle in the next six months, but this doesn’t appear to be the case. Michigan had the highest unemployment rate at 11.6% in January 2009; however, these residents are slightly over-indexing for the likeliness to purchase a vehicle in the next six months. It’s very interesting that Mississippi is the most likely state to purchase a vehicle and …