Our most exciting time of the month: auto sales were reported today and we'll call it the comeback edition. Chrysler -- powered by Jeep sales -- posted big gains as well as Mitsubishi and some other recently struggling brands rebounding from last year's weakness. Meanwhile, sales stalwarts like Honda and Toyota continued to struggle.
 |
| Car sales were meh and the deals are getting better. |
Well, shoppers who held off might be in great shape because analysts are expecting a surge in incentives and advertising in the fall as auto makers battle for sales and market share.
The Obama administration rolled out new CAFE regulations -- 54.5 mpg -- that will take effect in 2025. The new rules are causing concerns for automotive engineers and for those that worry about road funding. The reduction in the consumption of gas could cut the amount of gas-tax revenue that pays for infrastructure improvements and maintenance.
Speaking of concerns, the Department of Transportation is doing a study to see how drivers react to vehicles that have systems that take over the driving based on inputs.
Many parents would like these systems for their teenage drivers, and now GM is offering a way for young drivers to be tracked as an option connected to its OnStar system.
Finally, Los Angeles is abandoning its red-light camera program. Why? Because the fines were voluntary. That's just stupid.
Listen Now: (IF ERROR - HIT REFRESH)
No comments:
Post a Comment