Posts from ‘Money Matters’
The Gas Guzzler Tax is a federal tax on certain vehicles with especially low Environmental Protection Agency (EPA) estimated fuel-economy ratings.
By Tim Healey
You’ve just picked out your new car. You’ve decided on the options and the color, and now you’re sitting in the finance office while the dealership’s porters prep it for delivery. The finance manager is trying to sell you things like rustproofing, VIN-number window etching, and Guaranteed Auto Protection (GAP) insurance, and now he or she has thrown another one at you: the extended warranty.
With the benefit of a few years’ time, I can now look back and safely say that the “Cash for Clunkers” (CFC) program was one of the strangest auto-industry events of the past 50 years.
There’s nothing like a bit of historical data to put 2016 new-car prices in context. For a healthy dose of perspective, scroll down to the 1973-model-year Mercedes-Benz prices below and just sort of let them sink in.
Ah, fall. When – here in the Midwest – it’s not too cold, not too hot, and not too rainy … for about three weeks.
Short as that utopian span is, it’s the closest we ever come to simulating the year-round climate of coastal California. Which, as it so happens, is where most EVs are sold.
Direct injection is a form of fuel injection that is gaining popularity as auto manufacturers work to improve fuel economy. Direct injection’s primary benefit is improved engine efficiency. A common secondary benefit of direct injection is the ability to use regular-grade gasoline in engines that might otherwise require more-expensive premium fuel.
Yeah, I know. You’ve hated math ever since you figured out that every part of it you learned after basic algebra would never, ever be used again in your lifetime.
In Wall Street lingo, a dead-cat bounce is a jump in a given stock’s price seen just before it becomes worthless. Traders have gotten rich predicting exactly when foolish optimists will sink money into a hopeless cause.
New cars cost a lot. The statement is based on more than anecdotal evidence. Based on the current rate of inflation, the average transaction price of a new vehicle will pass the $35,000 mark some time late this year or in early 2017—and for most folks, that’s a lot of bread.
According to the U.S. Government, the average household income (HHI) in America is about $53,000. It only takes a little calculator time to determine that the average new car costs 73 percent of the average family’s pre-tax income.
By now you’ve heard the story. In a nutshell, Volkswagen has been found guilty of selling diesel-powered vehicles in the United States—and many other markets—which are not fully emissions-standard compliant.