As a result of Kansas Senator, Samuel Brownback’s and auto lobbying efforts, auto dealerships are now officially exempt from any of the new financial regulations. What this means is that there are a number of what might be called deceptive lending practices that will continue on unchanged. The best way for buyers to protect themselves [...]

Unfortunately, research using data in recent years has suggests that Hispanic and African-American persons, across the nation, saw a significantly greater markup on their auto purchases and loan interest rates than white persons. Ironically, it was the dealerships which themselves were owned by those from minority groups that demonstrated the greatest degree of prejudice in [...]

Claiming on his website that “auto dealers are a part of Main Street, not Wall Street,” Republican of Kansas, Mr. Brownback played a major role in effectively preventing auto financing from seeing any new regulations. If it was as clear cut as the senator explains it, then this should be celebrated as a victory for [...]

I have loved the concept of smart cars ever since traveling in Europe some (ooof, ten) years ago. Parking head on into the curb makes tons of sense, you just need a different vehicle paradigm to support it… not to mention the cultural shift necessary for people to desire and value such things.
Perhaps the [...]

According to the Manheim Wholesale Vehicle Value Index, wholesale prices have been at record high prices for the past two months, and they show no signs of stopping any time soon. This is the fifth straight month that wholesale prices have shown increases, with April’s index number hitting 120.7, while March’s was 119, which are [...]

In the wake of all the problems stemming from Toyota and its many safety hazards in many of its different vehicles, Congress has decided to levy a new fee on the sale of new vehicles to help fund a new safety law. The new fee calls for $9.00 on each new vehicle sold to fun [...]

Man, it feels good to be back. Sorry for the break – I had some medical issues that I had to take care of, but you can expect daily blogs from here on out! Anyway, today’s topic is Ford and Chrysler…and, more specifically, their sales numbers, which have gone up a whopping 25% in April, [...]

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Edmunds.com is reporting that April automotive sales could fall as much as 7.1% from March’s numbers, and many automotive companies are anticipating the blow. March sales hit 11.8 million units, while April numbers could be as low as 11.2, and while the difference doesn’t seem like much, that’s 600,000 less cars sold in April as [...]

President Obama has been emboldened by the successes of the automotive industry, and now he wants something else – a new financial services overhaul to help avoid the disaster that befell the auto industry two years ago. Obama firmly believes (and it’s the truth, no less), that the largest problems with the bailouts – and [...]