Posts from ‘Money Matters’
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.
Shopping for friends and relatives can be something of a challenge—especially if that person is old enough to have acquired a certain amount of fun/frivolous/indulgent stuff for himself or herself.
As a Chicagoan, I take a certain amount of pride in my ability to complain about the local traffic situation. To that end, though I loathe to report that my 17-mile trip from Consumer Guide’s Chicago-adjacent office to the sleepy Northwest Suburbs can take me more than an hour on the wrong day, I feel a least at little satisfaction knowing that I am a statistical outlier.