Quick question: what was the number one factor in your most recent new vehicle purchase? Was it styling? Performance? Features? Financing? Price? Comfort? Practicality? Or that old stalwart, quality? If you answered in the affirmative to that last suggestion, you’re part of a shrinking bloc. There were a lot of winners in the 2014 auto sales race, but quality wasn’t one of them.
Tag: j emerson
One of the bloodiest battlegrounds in the electric car wars is the topic of government subsidies for EV purchases. In the American case, it’s the $7500 federal tax credit for EVs and the various state incentives including California’s current $2500 rebate. In Europe and Asia, a variety of EV promotion schemes have frequently been the subject of acrimonious debate. Much of the disagreement arises regarding the perceived “fairness” of rebates: defenders of subsidies generally claim that they help put EVs in the hands of middle-class consumers, with critics charging that they only serve to line the pockets of the wealthy. Now one California lawmaker wants to revamp the state’s subsidy program by capping the income level for households receiving EV rebates.
2014 has been a good year for the rental car industry. A recovering economy has meant more car rentals and more miles traveled by consumers. Volume alone isn’t responsible for the rental companies’ recent success, though. Each of the big three rental chains has been able to raise prices, thanks to the consolidation of an industry that they now collectively control 98% of.
From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.
Just a little ways ahead is your favorite spot on the whole trip. It’s a place you always look for as you drive by, craning your neck and slowing down to take in the view. You’ve never stopped there, though. Whether it’s a spouse, the kids, or just a nagging commitment, something always gets in the way. Or maybe it’s your guilty conscience holding you back. This time, though, you’ve made up your mind. You’re going to stop and have a real look-see around the place. Your pulse quickens as you get closer.
Toledo, Ohio has just squeaked by a major environmental crisis. A toxic algae bloom in Lake Erie poisoned the city’s water supply, leaving over 400,000 residents high and dry for three days. Restaurants, schools and businesses closed, the National Guard trucked in water, and the governor declared a state of emergency. Meanwhile, Fiat-Chrysler had to resort to creative measures to keep its Toledo Jeep plant running.
The Insurance Institute for Highway Safety has released the results of its latest round of small offset crash tests. This latest group of twelve cars posted a wide range of scores, highlighting the challenging nature of the Institute’s newest test. Only one car earned a “Good” rating from the Institute for this test, with several receiving the lowest score of “Poor.”
“On one occasion I was called out into the yard because there had been a shooting. A guard, a line worker and a car thief had been shot. The thief had been wounded gravely by the guard and was bleeding but he had made it into the cab of the car hauler and had driven for some distance before he crashed and was caught.”
Our current age is one of multistate megadealers, Carmax, Ebay, and an ever-growing number of other depersonalized ways to buy a car. In these giddy times of direct sales experiments and apps for online vehicle purchases, it’s easy to forget that local franchise car dealers were pillars of American community life for decades. At the Bob McDorman Automotive Museum in central Ohio, however, the days when car dealers were more than just a place to buy a shiny new consumer product are alive and well.
It’s not an exceptionally large showroom, but the façade is enormous. The Tesla retail store in Columbus, Ohio wraps around an entire corner of the Easton Town Center, that city’s premier upscale shopping venue. My trip to the store, the first time I’d ever set foot in a Tesla retail location, was an eye opener. Tesla’s retail model is an example of what Scion could have (and should have) been.