Tag: economics

By on April 22, 2014

 

consumeraffairs

$150 a week.

For some folks, this is a mere pittance. A lunch for four at a fancy restaurant that can be easily charged off to Uncle Sam and his seventeen trillion dollar debit card.

For others, it’s the beginning of a barnacle that will likely outlast their ability to pay it.

They will flex their muscles and run while they can. Then once they trip, due to a lost job or a family emergency, they will pick up an even heavier barnacle, with four wheels on it, and keep running.

It’s a vicious cycle of poverty. Where the poor always stay poor. After witnessing this cycle of automotive indebtitude for years on end,  I’ve come to blame one solitary thing.

(Read More…)

By on November 8, 2013

renault-duster-front-static-7_560x420

A study by Edmunds on the buying habits of millennials shows that 2013 was not a particularly good year for young car buyers. Despite making good headway in 2012, 2013 saw those gains practically eroded, as a weak job market and rising home prices helped stymie any growth in market share for automotive consumers aged 18-34.

(Read More…)

By on October 24, 2013

Teen-graph

“Too Poor To Drive”. This is the gut level conclusion that’s been propagated in “Generation Why” since January, 2012, long before the theory gained currency in the broader automotive world. In the nearly two years since, the “kids aren’t interested in cars because of technology/the environment/urbanization” meme has held up tenaciously – and it’s not entirely false.

(Read More…)

By on October 2, 2013

Photo courtesy of 69pace.com

In 1991, I came back from Operation Desert Storm with a pocketful of money from the several months I had spent aboard an oil tanker as a part of the USS John F Kennedy battle group in the Red Sea. Like many young men flush with cash I was determined to shoot the works as fast as possible and so before my jet lag had even abated I took my nest egg on a tour of the local low-end car lots in search of some real old-fashioned Detroit muscle. It didn’t take me long to find something I liked, a well used 1969 Camaro with small block and a four speed, and I was ready to deal but the price on the windshield, $3200, stopped me cold. It was outrageous! (Read More…)

By on May 2, 2013

2014_chevrolet_impala_f34_ns_112612_717-450x300

The latest round of bad news regarding the Australian domestic auto industry has shifted TTAC’s attention to Canada, another country burdened with some similar issues. If Australia’s own car industry is getting hammered, then how much longer does Canada have?

(Read More…)

By on December 13, 2012

Peugeot is deepening job cuts at its French factories, with another 1,500 positions set to be made redundant as part of a massive cost-cutting effort. Meanwhile, rival automaker Renault is expanding its operations in Morocco as its Dacia brand continues to steamroll through the European market.

(Read More…)

By on September 21, 2012

This episode of Generation Why is brought to you by some numbers, not essays on product or marketing efforts. The chart above shows the mean earnings of college graduates with a Bachelor’s degree and full-time employment ages 25-34.

(Read More…)

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