Consumers see higher auto payments in exchange for better borrowing rates
Car loan repayment terms have become shorter, but monthly payments have increased. (iStock) Experian recently found that rising interest rates are making long-term loans less attractive, even for borrowers with good credit. report. They’re making higher monthly payments over shorter terms in exchange for better interest rates, said Melinda Zabritsky, head of auto financial insights […]
Elon Musk visits China as competitors show off new electric vehicles at Beijing auto show
Tesla founder and CEO Elon Musk met with top government officials in the Chinese capital on Sunday, just as the Chinese automaker unveiled its latest electric vehicle model at the Beijing Auto Show. I was in the middle of it. Chinese state broadcaster CCTV reported on its main evening news program that Chinese Premier Li […]
Auto insurance premiums are skyrocketing. What’s to blame?
According to Insurify, Nevada has the second-highest auto insurance rates in the country. Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.4% The Labor Department announced on Wednesday that the year-on-year increase in March was 3.5% compared to the […]
Bidenflation Hits Auto Repairs, Car Insurance, and Even Parking Prices
The price of car ownership continues to accelerate for American workers under President Joe Biden. Prices for auto repairs, auto insurance and parking have risen since 2023, according to March Consumer Price Index (CPI) data. released Wednesday: — Automotive maintenance and repair: 8.2% increase Up 1.7% since March 2023 / since February 2024 —Auto insurance: […]
Meet the ‘subprime auto king’ who arranged Trump’s $175 million bond
After weeks of uncertainty, former President Trump posted $175 million bail on Monday in a civil fraud case in New York with the help of little-known California billionaire Don Hankey. paid the money. Hankey’s Knight Specialty Insurance Company assumed Mr. Trump’s bail, allowing the former president to proceed with appeals in the case and blocking […]
Grandmother protecting herself and her 4-year-old grandson shoots auto theft suspect who broke into her home, cops say
A New Mexico grandmother shot and killed a car theft suspect who broke into her home Friday night while defending herself and her 4-year-old grandson. What are the details? Albuquerque police said they tried to stop a stolen truck near Central and Cypress around 8 p.m. and used spike strips to flatten the tires. Albuquerque […]
This Union Is Plotting To Take Over The Auto Industry. Can It Be Done?
Following recent victories, the United Auto Workers (UAW) is poised to take on unorganized automakers, and if successful, it could disrupt the entire industry. U.A.W. recently has filed a petition with the National Labor Relations Board (NLRB) asking for a vote at the Volkswagen plant in Chattanooga, Tennessee, which employs about 4,000 auto workers as […]
‘Manic Move’ to EVs Will ‘Destroy’ U.S. Auto Industry
Ohio Republican U.S. Senate candidate Bernie Moreno told SiriusXM. Breitbart News Saturday He argued that a “frenzied transition to electric vehicles” would “destroy” the U.S. auto industry and greatly benefit China. Moreno, who founded one of the largest auto dealer groups in the United States, comes just days after President Joe Biden announced new rules […]
DAVID BLACKMON: New EPA Auto Emission Rules Reflect The Madness Of King Biden
In a move sure to be challenged in court, the Biden Environmental Protection Agency this week enacted a de facto ban on many gasoline-powered vehicles in the form of final regulations on allowable tailpipe emissions. of regulation It is designed to force two-thirds of new light-duty cars and 46% of medium-duty cars sold in the […]
Electric Vehicles Are Pushing Up Auto Insurance Prices
The Biden administration’s push for electric vehicles (EVs) is driving up auto insurance prices and exacerbating the country’s inflation crisis, Breitbart economics editor John Carney says. Said He said this in an interview Thursday with Fox Business host Larry Kudlow. Kudlow said the Biden administration’s new environmental regulations aimed at eliminating gasoline-powered cars are effectively […]