recession

The Subprime Lending Bubble Is Totally Bursting, Maybe
The Subprime Lending Bubble Is Totally Bursting, Maybe

Remember the Great Recession? It upended the world less than a decade ago, but already, some folks seem to have forgotten its lessons. And according to the financial blog Zero Hedge, we may be doomed to repeat them. If you're not familiar with Zero Hedge, it's well worth a look. It's written...Read More»

Gas pump
Gas Prices Holding Steady, U.S. Motorists Driving Less

Gas prices remain higher than year-ago levels, but they're holding relatively steady. Nevertheless, it appears that many American drivers aren't willing to spend more on gas; they're simply staying home or finding other ways of getting around. According to the Detroit News, MasterCard SpendingPulse...Read More»

Traffic
Study: Realtors Confirm Gas Prices Are Changing U.S. Housing Demand

The word is already out that Americans would probably be healthier (and probably a lot happier) if we had shorter daily commutes. Now it seems that the cost pressure of rising gas prices could be forcing us to do just that—rethink where we're living. If a new survey of real-estate...Read More»

2011 Ford Fiesta
Study: Unemployment Rate, Gas Prices Predict Vehicle Demand

At first glance, the auto market can look fickle from one month or season to the next. Some months Americans are more into thirstier vehicles; other months—like this one—we put down our wont toward trucks, and there's a rush on fuel-efficient small cars. Now, two researchers at the...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»

Clunkers
Americans In No Hurry To Retire Clunkers, As Sales Falter

It's the cycle of life. As we buy new vehicles, we trade others in; frugal used-car owners buy those, and sell their older vehicles. And in turn, a tired heap of a vehicle is retired. Trouble is, we're not retiring as many vehicles as we used to. The average vehicle in the U.S. is now about ten...Read More»

cash
Good News: 7 Auto Trends And Headlines We Were Glad To See In 2010

It's the end of another year—in this case, a year when we've slogged through countless recall updates, worrisome issues like driver distraction in the spotlight, and confirmed the demise of several major automotive brands, hundreds of dealerships, and overall, some of the worst-ever economic...Read More»

2011 Chevrolet Cruze (Courtesy: GM)
October Auto Sales Looking Bullish, But Real Recovery Still Distant

For much of this year, automakers overall have become smarter about controlling inventories and slowing production to match still-tepid demand at dealerships. But it looks like some assembly plants are (or will be) roaring back to capacity for a while: A number of new 2011 models, such as the...Read More»

2010 Dodge Charger
Sign Of The Times: Employee-Leased Vehicles Flood Re-Leasing Market

Work for an automaker—or even a supplier, or have a relative who works for an automaker—and you're likely to have gotten some type of 'plan' discount on your last vehicle. But according to those at the lease-trading marketplace LeaseTrader.com, the auto-related layoffs of the past 18...Read More»

Pirelli pinup
Young Women Wealthier--And Leasing More Luxury Cars--Than Male Peers?

We've heard it quite a bit in the news recently: Women haven't been hit as hard as men by the recession, and young women in large cities are actually earning more then young men. That in itself might be surprising, but it seems like a natural extension that women now are driving more leased luxury...Read More»

2011 Mercedes-Benz E-Class Cabrio
Mercedes-Benz Weathered Hard Times Better Than Other Lux Brands?

The housing bust and the recession have hit some areas of the country harder than others. And because some vehicles play better (or worse) in Peoria than in Parsippany or Portola Hills, it's affected the auto industry in some substantial ways. And Mercedes-Benz considers itself lucky to be strong...Read More»

Baltimore parking meter  -  flickr user daquella_manera
In Some Cities: Feed The Parking Meter, Feed The Homeless

A city in Oregon just phased in a novel and effective way of raising money for the homeless: by funneling the change from its parking meters toward the effort. Through a so-called Change for Change program, Springfield, Oregon has gathered two-dozen meters and isn't officially charging anything for...Read More»

Used car salesman
Dealers Dodge Financing Oversight—Will Shady Lending, Too?

If a deal is too good to be true it probably is; and you shouldn't talk monthly payments at the lot before you decide on a car and a price. Don't forget those two valuable pieces of advice at the used-car lot; you'll still need them as it looks like shady lenders won't need to duck for cover after...Read More»

Empty dealership
Auto-Industry Recovery: Not Quite Yet, Analysts Say

Analysts at the market-research firm AutoPacific report that though there are many indications that the recession is ending—or over—there might not be any strong indicators in the automotive sector that things will get much better anytime soon. The firm has found that new-vehicle purchase...Read More»

GM Stock 6-27-08
Hyundai And Honda: Most Recession-Proof Automakers?

Auto sales rise and fall with the economy, right? Take just a quick look at what's happened to the auto market over the years, match it up with the general ups and downs of the economy—through major indicators like the stock market and unemployment—and you end up with a pretty good correlation...Read More»

VW logo
German Firm Predicts VW Will Surpass GM As No. 2 Automaker

German market research company R.L. Polk today predicted that in 2009, Volkswagen AG will surpass General Motors as the world's number two automaker in production volume. Toyota will likely retain its number one position. The firm also predicts that global passenger car production will drop some 19...Read More»

2010 Kia Soul
Kia, Hyundai, Subaru Fare Best In March 2009 Sales

Both Kia and Hyundai kept their March 2009 sales nearly even with their sales in March of 2008. As the March 2009 auto sales reports roll in, it's clear that the South Koreans have a good thing going with their product reinventions, newly-found styling identities, and Hyundai's industry-first buyer...Read More»

Barack Obama
Gov't Gives GM 'Adequate Working Capital For Next 60 Days'

In an address from the White House Grand Foyer, President Obama said the U.S. Government has  no interest - or intention - of running GM and Chrysler. Rather, in lending GM enough capital to operate for 60 days, Chrysler enough to operate for 30 days, the additional money is intended to give the...Read More»

2010 Mazda3
Mazda's February Japanese Sales, Export Volume Drop

Mazda today announced that its total domestic (Japanese) sales volume decreased 35.7 percent for February compared to that month one year ago. They didn't mention North American sales numbers, but noted that February exports of passenger and commercial vehicles decreased 63.8 percent year-on-year...Read More»