Economy

The auto lending bubble seems to be getting bigger
The auto lending bubble seems to be getting bigger

So, we have bad news and bad news. Which would you like first? Fine, we'll start with the bad news. The U.S. auto market is cooling off. April's light vehicle sales were down 4.7 percent compared to those of April 2016, and year-to-date sales are off 2.4 percent across the board. Nearly all...Read More»

Repo Man
Uh-oh: auto loan delinquencies hit a new high

Economists aren't typically known for their unbridled optimism. They tend to be a cautious lot, who seem most anxious when the markets are doing well. They trade nervous glances waiting for something to go wrong. Has something gone wrong? Maybe so: the Federal Reserve Bank of New York has confirmed...Read More»

2016 Ram 1500
Truck Love, Cheap Gas: Pump Prices End 2015 At Seven-Year Low

As 2015 comes to an end, Americans are living large on low gas prices. U.S. average pump prices for regular-grade gasoline closed the last week of the year at just $2.03—up a fraction of a penny versus the previous week, yet at nearly a ten-year low. For all fuel grades, according to the U.S...Read More»

Traffic in China
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»

2013 Ford F-150 Limited
May 2013 Car Sales: Housing Rebound, Loan Rates Lend Trucks More Muscle

Consider the improving economic indicators and an upswing in home construction; factor in relatively stable, affordable gas prices, that are expected to stay that way through the summer; and altogether, it's no surprise that during May truck sales surged with new market muscle--and that auto sales...Read More»

Per-capita vehicle-miles traveled & GDP, from a study by the U.S. Public Interest Research Group
It's Not The Economy After All: Americans Began Driving Less In 2004

During the Great Recession, researchers noticed a curious trend: Americans were driving less. Analysts devised numerous theories linking the economic downturn to our driving habits, but according to a recently published study, the two have very little to do with one another. The study was conducted...Read More»

Cadillac dealership
October Auto Sales: Battered By Sandy, But Still Strong

The fury of Superstorm Sandy--wreaking havoc on New York, leaving disaster in its path in swaths of the Northeastern U.S., and spreading foul weather as far as the upper Midwest--left many Americans shaken, and holding onto loved ones this week. Estimates on the financial impact and the aftermath...Read More»

2013 Dodge Journey
September Auto Sales Surge Past Estimates, Buoyed By Lenders

For yet another month, auto sales proved to be one of the U.S. economy's bright spots, complementing the news this past week that house prices are on an upward trend. September auto sales were about 13 percent higher than year-ago levels, at a seasonally adjusted level of 14.8 or 14.9 million...Read More»

2013 Mercedes-Benz G63 AMG
Luxury Cars Get Pricier, As Mass-Market Affordability Improves

What price luxury? While there are indications that the cost of some luxury goods are falling somewhat, both new and used luxury cars are costing more this year than they were last year. That’s an interesting contrast to the mass market, where new cars are costing less than year-ago levels...Read More»

2012 Chrysler 300 SRT8
Detroit Makes Good: March Auto Sales Soar To Record Levels

If auto sales—now at their highest level in four years—are any indication, Americans are feeling a lot more confident. GM, Ford, and Chrysler all reported strong sales in March—significantly above year-ago levels—but it was the Chrysler Group that saw sales a full 34...Read More»

Teen driver
Will U.S. Permanently Own Fewer Cars, Drive Less? Could Be

There's good news and bad news for the auto industry. The good news is that car companies are leaner and meaner than they once were, and auto sales are slowly rebounding. The bad news? Fewer people want cars. According to Citigroup analyst Itay Michaeli, Americans own fewer cars and trucks than...Read More»

Jewel's Cadillac SRX Crash
Uninsured: One In Seven U.S. Drivers Cost The Rest Of Us

In a frail economy, families are surely looking for ways to cut costs. So drivers have downsized, changed vehicles, and tried cut their fuel budget by limiting their driving. But there's one tempting solution that might just end up biting you hard in the end: Canceling your insurance. More...Read More»

Auto workers adjusting the chassis of the 2011 Chevrolet Silverado HD
Need A Job? The U.S. Auto Industry Is Hiring

It seems like just yesterday we were the bearers of nothing but bad news: plant closures, salary cuts, and countless layoffs. But today, the auto industry has turned the corner, and some car companies in the U.S. are on a hiring spree. Why the sudden jump? Because after record low sales figures...Read More»

2002 Chrysler Concorde
New Study Shows That We're Keeping Cars Longer

Sales of luxury brands like Audi and BMW may be up, but those of us Americans not in the “luxury car” tax bracket are keeping our cars longer, according to a recent study by AutoMD. Their survey asked over 3,000 participants questions relating to the anticipated lifespan of their...Read More»

T. Boone Pickens with President Barack Obama
Mississippi’s Barbour Accuses Obama Of Inflating Gas Prices

Back in January 2009, when President Obama was sworn in, the price of gas wasn't much over $2 a gallon. Now, the national average is around the $4 mark (though settling gradually downward). But are gas prices higher because of the Obama administration? That's what Republican Mississippi Governor...Read More»

Ford\'s 100,000th hybrid rolls off the Kansas City assembly line in March 2009
U.S Automakers Hiring, But It's Not All Good News

For U.S. automakers, business is up and the days of bankruptcies and government bailouts are in the past. Ford is hiring, GM is hiring and Chrysler is hiring. All want automotive engineers and all want automotive line workers, but that doesn’t mean you should hop on a plane to Detroit with...Read More»

free parking  -  flickr user alancleaver_2000
Cash-Strapped Cities Hoping For More Income From Parking Buildings

Cities throughout the nation are facing budget issues and left scrambling for ways of increasing revenue. For some, that means turning a focus toward making more money from publicly owned parking structures or repurposing them for the changing needs of commuters who are affected by higher gas...Read More»

Road Trip
Memorial Day Gas Prices: Down Somewhat, But Still Affecting Travel

Gas prices could fall another ten cents or more in the next week, but experts anticipate that budget-strapped households are going to be cautious about Memorial Day Weekend travel this year. According to AAA, in an analysis and travel forecast conducted with IHS Global Insight, about 34.9 million...Read More»

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