Tag Archives: Car Policy

The Average Used Car Payment Is Now $378 Per Month

Americans continue to spend increasing amounts on a car, according to the latest report from the credit bureau Experian, which found the average monthly payment for a used vehicle has reached $378. Better than the average of about $523 for new cars, but still a decent amount.

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This NAFTA ‘Deal’ Is So Stupidly Complicated

After a year of negotiations over the North American Free Trade Agreement, the U.S. and Mexico have struck a preliminary deal, according to multiple reports, including, surprisingly, a minimum wage requirement put at $16. But it’s not quite that simple. Oh, and Canada not only has yet to sign on, it hasn’t shown up in…

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BMW Loses Title to Suzuki for Biggest Profit Margins in the Auto Industry

BMW maintained a stronghold as the most profitable automaker in the world, grounded by lean German engineering that in turn led to seriously high profit margins. But it no longer holds that title as of Tuesday, according to German media outlets, getting bested in the most recent quarter by Suzuki.

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Suzuki Is Now the Most Profitable Carmaker in the World

BMW maintained a stronghold as the most profitable automaker in the world, grounded by lean German engineering that in turn led to seriously high profit margins. But it no longer holds that title as of Tuesday, according to German media outlets, getting bested in the most recent quarter by Suzuki.

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Trump Embraces Gas Guzzlers and Says We No Longer Need to Conserve Oil 

President Donald Trump’s administration believes we no longer need to conserve oil, a policy position that “threatens to undermine decades of government campaigns for gas-thrifty cars,” reports the Associated Press.

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Ford Has $17 Billion but Says It Needs Tax Breaks to Rehab Detroit Train Station

Corporations seeking out lucrative tax subsidies for development projects isn’t a particularly new phenomenon, something captured by the recent maniacal effort from cities across the U.S. to throw public money at Amazon to subsidize its new headquarters. Detroit is about to experience a smaller-scale version of that…

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Subaru Is Just Giving Recalled 2019 Ascent Owners Brand New Vehicles

Subaru has issued a recall for the 2019 Subaru Ascent because some of the vehicles may be missing crucial spot welds on the B-pillar, per Consumer Reports. This isn’t exactly the kind of thing you can correct with a quick pop over to the dealer, so to fix the issue, the automaker is just giving every affected owner a…

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NYC Becomes First Major City to Cap Uber Cars and Can Set Minimum Wage for Drivers 

New York’s city council on Wednesday imposed a year-long cap on new drivers for Uber and similar ride-hailing app services, as the city conducts a study on the effect of the industry. The council also passed a measure to consider a minimum wage for drivers, the first of its kind in the U.S.

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Here’s How Long the Auto Industry Knew About Climate Change and Did Nothing

The New York Times Magazine has been teasing out its upcoming issue in recent days, as it’s dedicated to a single story that focuses on how we had an opportunity to address climate change in the 1980s, but failed to do anything. Coinciding with the current administration’s proposal to roll back fuel economy targets,…

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Trump Auto Tariffs Might Make it Harder to Give Subprime Buyers Crappy Car Loans

It’s well-established that practically everyone hates the idea of President Donald Trump’s proposed 25 percent tariff on all imported cars and car parts. But the latest possible outcome of that situation is that tariffs could keep low-income car buyers from obtaining hefty subprime auto loans to purchase new cars,

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