Hispanic Spending on New Vehicles

Hispanics are buying more new cars and trucks than ever before. In the past two years, Hispanics have spent nearly $22 billion on new vehicles, according to the recently released "Consumer Expenditure Survey, 2005," from the U.S. Department of Labor's Bureau of Labor Statistics.

It doesn't look like Hispanics will put the brakes on new vehicle purchases anytime soon, especially since the Hispanic buyer is in general younger than the average purchaser is.