Television personality Marie Kondo is creating a craze in society – convincing us to “unclutter”. Her filtering philosophy for cleaning out closets and garages is, “Does it bring you joy?”. You could ask this of the car you are currently driving. Does it make you happy? Is it fun to drive or you look good in it? Is it an expression of your personality and lifestyle? Our father drives a maroon Honda Civic. Nothing about this vehicle says “Joy” or personal brand. He doesn’t care- that’s not why he owns a car. He was looking for reliability, good gas mileage, and low monthly payments. He found all of that in a Honda Civic.
But then there’s our nephew, Emiliano. He drives the world’s most impractical car – a Nissan Skyline. There are very few of these in the United States, and they are barely legal. The [...]
A lot is happening in the car market in the United States right now. General Motors just announced plant closings in Canada and the Midwest. They claim tariffs have cost them heavily, but also, that their sedans- like the Buick LaCrosse and Cadillac CT6, just aren’t selling. North Americans prefer SUV’s, hybrids, and trucks. In fact, across the board, new auto sales have fallen by 1 million vehicles since September 2017.
However, subprime auto loans for used cars are increasing nationwide. According to separate reports by both the Federal Reserve Bank of New York and TransUnion, subprime loans are up 10 percent from the third quarter of 2017. There are two main reasons for this. More lending institutions, such as banks, are making subprime auto loans. These include big names such as Wells Fargo and Santander Consumer USA. However, due an uptick in defaults, [...]
The most theft-prone vehicle in America might be the Dodge Charger. Or it might be the Ford F-250 pickup truck.
Those are the contradictory conclusions of the National Highway Traffic Safety Administration and the insurance industry-funded Highway Loss Data Institute.
Still, the government agency and private group agree that the theft of late-model vehicles is on a rapid decline in the United States. One reason: automakers’ increasing use of ignition immobilizers, which stop thieves from hot-wiring cars. Nearly 90 percent of 2012 models are equipped with them.
In a report released on Monday, NHTSA said the car stolen most often during the 2011 calendar year was the Charger, with 4.8 thefts for every 1,000 cars produced in 2011. It was followed by the Mitsubishi Galant, Hyundai Accent, Chevrolet Impala and Chevrolet HHR among vehicles with more than 5,000 units produced that year.