Not long ago we reported that sub-prime loans on automobiles are making a comeback. Despite the fact that 32% of all auto-loans are going to sub-prime customers, the vast majority of car buyers are making payments just fine.
Many trucking companies cut staff in the height of the recession a few years ago. Now that business is picking back up, they're finding themselves hard-pressed for drivers. The drivers who are left are charging more, and now folks who need to ship things are bitchin' about it.
Have we hit "Peak Car" without even noticing? And is that really a bad thing? It might be if we lose automakers to things that make appliances with four wheels.
Coda Automotive, the wee little electric car maker that could, sounds like it can't.
Unemployment numbers were just released and the percentage of people unemployed dropped from 8.1 percent to 7.8 percent.
Believe it or not, the economy seems to be on its way back up. That means people are buying more things that need to be shipped here and there. The U.S. Bureau of Labor Statistics projects that it will mean a 20 percent growth in the demand for truckers over the next eight years.
The price of gas seems to keep changing, but the truth is that the problem isn't just to do with decreasing oil resources. In fact, the price of the black stuff is linked into our economy in a complex way—and this video beautifully describes what's going on for those of us lacking an economics background.
1. Toyota Prius
Powertrain: 1.8-liter 4-cylinder hybrid
Gearbox: Continuously variable automatic transmission
Fuel economy: 51 mpg city, 48 mpg highway
This colorful graphic shows America's relative gas consumption per capita. New York is low, Wyoming is high, and Texas looks even bigger in red. Neat! [Infrastructurist]
Those disappointed in the name change vote of Butt Hole Road'll be happy hearing it's not the only hilariously unfortunate street name. Here's ten more to add to the list of world's street signs making your internal ten-year-old laugh below.
You might be asking yourself why Jalopnik is featuring an animation about sub-prime mortgages. Our answer? Because it's too cool not to and it has awesome mega-garages and yellow vintage-designed sports cars. So there.
Mike Jackson, Chairman and CEO of AutoNation (and thus America's number one car salesman), finally breaks taboo and utters the unthinkable: High gas prices are a good thing. "You have to tell the American people the truth," he says. "Energy costs are going to be higher." Oh Mike, Mike, Mike. Don't you know that the…
The Auto Affordability Index found that it's getting more expensive to buy a new car, as if we needed another reason to consider buying a vintage RWD import instead of something from a dealer's lot. In the third quarter of 2007, it took 24.8 weeks of median family income to buy an average-priced car or truck, compared…
It seems Michigan's Governor Granholm (In the interest of full disclosure, I worked for the "G" for three years prior to writing about my obsession with the cult of cars — so ignore any instances of breathless adoration of Michigan's CEO.) is seriously working the phones and the flesh-pressing in an attempt to woo…
• And the winner of the 2006 South African Car of the Year is...drum roll please....the Audi A3 Sportback 2.0T FSI manual! [iAfrica.com, Motoring]
• We love speed. We always love speed. We always love speed except when a fire engine or ambulance is in front of us. Did we mention we hate schmucks who love speed when a…
New York City, NYC, hard to park where you wanna be. Okay, pathetic Mot rhead reference aside, Slate's Daniel Gross posted an interesting piece last week on parking as economic indicator, noting that because of easy signage changes, "a spurt in growth or a sudden downturn is more likely to show up at the parking…