Economic

China's Auto Market May Not Be As Strong As Everyone Thought
China's Auto Market May Not Be As Strong As Everyone Thought

Some pundits have predicted that China's auto market is unstoppable. To prove their point, they often point to the country's booming middle class, who aspire to own the same luxuries as their counterparts in the West. On the face of it, the numbers make sense. China is massive -- with nearly 1.4...Read More»

money
Fed Shutdown Slowed Auto Sales, Especially On The East Coast

People don't like buying cars during economic uncertainty—or when they're not getting a paycheck. Although we'd argue that it didn't take any massive number-crunching to estimate that consumer purchasing ground down to a slowdown during the 16-day federal partial shutdown, J.D. Power and...Read More»

2011 Chevrolet Volt during IIHS crash testing
CDC: Highway Fatalities Cost $41 Billion Annually

Road fatalities do more than take away loved ones, coworkers, and community members; they also leave an economic impact. For the first time, the Centers for Disease Control and Prevention (CDC) has released state-by-state fact sheets that highlight individual state costs due to motor-vehicle...Read More»

2011 Chevrolet Cruze preview
Delay Teen Driving, Save On Insurance?

It’s a headline sure to cause a family revolt – if you have a teenager at or approaching driving age, that is. What parent would go so far as to delay their teen’s getting a driver’s license and driving? According to results from a just-released Nationwide Insurance survey...Read More»

Gas pump
Analysts: Gas Prices Could Bring Economic Recovery To A Halt

Just when it looked like people were more willing to spend money again on non-essential items—and on more essential (but deferrable) purchases like new cars—rising prices at the pump could grind some aspects of economic recovery to a halt. After a major price spike in summer 2008, when...Read More»

Nielsen's top ten ad categories for the first half of 2010
Do They Know Something We Don't: Automakers, Auto Insurance Ad Spending Soars

During tough economic times, companies often cut back on marketing -- in fact, advertising budgets are frequently the first to shrink when danger looms and the last to expand once the coast clear. As a result, some analysts see ad spending as the equivalent of the canary in the mine shaft: a sign...Read More»

2000 Nissan Pathfinder
Arizona Curbstoning: A $100 Million Problem: Part II

Car buyers in Arizona have a choice: buy from a dealer and pay sales tax or buy from a private seller and don’t pay sales tax. Sales tax in Arizona varies by the county and city, but averages around 9 percent. If you are forced to pay Arizona sales tax on a $15,000 vehicle, it adds $1,350 to...Read More»

2011 Mercedes-Benz SL Class 2-door Roadster 5.5L V8 Front Exterior View
German Luxury Brands Are Putting On The Blitz

  The global economy is giving mixed signals right now. On the thumbs-down side, unstable unemployment numbers and see-saw stock markets. On the upside, job creation, the return of venture capital, and slowly increasing GDPs (at least in most parts of the world). In the auto industry, GM and...Read More»

2010 Buick LaCrosse
What Is Liability Only Car Insurance?

Liability only car insurance is a type of insurance that pays and renders service on behalf of an insured for loss arising out of his responsibility to others imposed by law or assumed by contract. Liability coverage is mandatory in all states except New Hampshire and Wisconsin. Each state has its...Read More»

2008 Ford Focus Wagon
Impressions of a Used 2003 Mazda 1.3 Sting

I drive a Mazda Sting 1.3, and it has about 80 000 km on the clock. Mechanically this car is very sound, and I would recommend it to anyone who is looking for hassle free motoring. It is very economical if serviced regularly (every 10 000km) - I get about 550km on a full tank of fuel - not bad for...Read More»

Nissan President and Chief Executive Carlos Ghosn
Carlos Ghosn: Auto Sales Have Bottomed, Nowhere To Go But Up

Speaking at a World Economic Forum in New Delhi, Carlos Ghosn -- head of Nissan Motor Company and Renault SA -- had some interesting things to say about the global auto industry. Among the most notable and encouraging items, Ghosn believes that the international sales slump has ended and that the...Read More»

Akio Toyoda
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

Ford May Post Third-Quarter Profit Next Week

It's no secret that Ford Motor Company has withstood the current financial storm far better than Chrysler and General Motors. Between its refreshed reputation as a manufacturer of quality vehicles and the fact that Ford was the only Detroit automaker to dodge both bankruptcy and bailout dough, the...Read More»

Empty billboard
Automakers, Dealers Fuel Nationwide Plunge In Ad Revenue

Bean-counters have finally assessed advertising data from the first half of 2009, and to absolutely no one's surprise, it wasn't very good. And who shoulders a big chunk of the blame for this dismal state of affairs? The auto industry, of course. That's not entirely unfair. Auto ads generate a huge...Read More»

Toyota logo
Toyota Looking To Scale Back Production By 700,000 Or More

Toyota has temporarily pulled the plug on a production line in Japan in an effort to scale back global production by 700,000 vehicles, or 7% of the company's annual output of 10 million units. Other potential cuts include the off-mentioned shuttering of the NUMMI plant in California and a temporary...Read More»

Clunkers
BREAKING: House Adds $2 Billion To Cash-For-Clunkers, Senate Is Next

Well, that was quick. Just four days after the launch of the Car Allowance Rebate Systems (CARS) program, better known as "Cash for Clunkers," it appears that it may be suspended due to its own success. Apparently eager buyers have blown through the $1 billion allocation, and dealers are worrying...Read More»

Manhattan traffic, by Flickr ruser JamesH2008
Economics 101: How Driving Into Manhattan Costs $160

It's Friday, which is our day for more esoteric items. Today's offering: A dense economics blog post, which covers an even more frighteningly complex model for assessing the costs of traffic in New York City. The punch line: If you drive your car into Manhattan, adding to the traffic there causes...Read More»

Clunkers
Cash For Clunkers: Your Best Bets On This List

  If you happen to have a vehicle that's worth less than $3500 and are interested in purchasing a new vehicle, then the current Cash For Clunkers legislation may help you out. Provided it passes out of Congress and is signed by President Obama. Assuming that it passes, when you visit a dealership...Read More»

2009 Pontiac G3
Not Hot: 2009 Pontiac G3 Is Slowest Selling Car in America

Some times I like to get lost in numbers. For example, just a few weeks ago I posted a story on the 20 Best Selling Vehicles in May. Now it's time for a different take. Call it schadenfreude, that funny German word used to describe the enjoyment one gets from an other's misfortune. While browsing...Read More»

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