Category: Studies & Reports

By on June 29, 2021

With just about every resource trading at unappealing premiums, now may not be the time to make any major purchases unless you’re a financial masochist or so wealthy that the normal rules of living no longer apply. But it remains a seller’s market for just about everyone, including the plebian masses. Giant, unaccountable financial institutions will happily purchase your home and there’s a sea of disenfranchised people who will give you their last dollar if you can help them make sense of an increasingly hectic world. In the automotive sphere, we’ve seen dealerships and rental agencies hungrily scooping up secondhand automobiles for unheard-of prices just so they’ll have something on the lot.

The end result is a lot of overpriced merchandise that larger businesses are desperate to buy so they can pass on their elevated expenses to the customer. We’ve already covered the stupidly high prices surveyed consumers claimed they’d be willing to spend on a new vehicle. But there have been numerous reports claiming those days are coming to an end, with just as many suggesting we’re still in the thick of it. Yours truly has been wondering just how close to reality those assertions happen to be.  Read More >

By on June 17, 2021

It’s always nice to get a break from the endless stream of industry marketing materials about electrification, though this week’s impromptu theme still involves going green. Following news that General Motors is considering changing its drug testing policies to exclude marijuana, there has been heavy coverage of an Insurance Institute for Highway Safety (IIHS) study claiming states that have legalized recreational use of cannabis are seeing more crashes.

But the framing seems wildly irresponsible as it fails to highlight the problem being heavily tied to individuals operating a vehicle under the influence of marijuana and alcohol combined. It’s more or less what the IIHS attempted to do in 2018 with help from the Highway Loss Data Institute (HLDI). Our guess is that the duo is seeking out fresh reasons for insurance companies to raise rates in regions that have legalized pot because even their own research complicates the issue.  Read More >

By on May 20, 2021

The Governors Highway Safety Association (GHSA) released the latest data pertaining to U.S. pedestrian fatalities  — indicating that the largest-ever annual increase since we started keeping track in 1975. While the data is preliminary, the association estimated there were 6,721 pedestrian deaths in 2020. It’s a 4.8 percent increase over 2019 and not all that impressive until you realize most people basically gave up their normal driving routine during lockdowns. According to the GHSA, adjusting for miles driven actually results in an annual increase of 21 percent.

It’s genuinely creepy and kind of perplexing with everyone staying isolated. But we’re not going to recommend you start wearing high visibility jackets whenever you leave your home because the mathematical likelihood of being crushed by an automobile remains incredibly low. Read More >

By on May 18, 2021

While we’d like to get away from stories about everything becoming more expensive, everything actually is becoming more expensive and it looks like a healthy slice of the population is allegedly willing to go along with it. According to the latest data coming from Cox Automotive, roughly 40 percent of the U.S. population would purchase a vehicle at 12 percent above sticker. There’s always been a subset of shoppers who don’t know when they’re being taken but this represents a healthy share of the country.

It makes one wonder where these surveys were being conducted until Cox summarized the situation as the direct result of a populace beaten down by their environment. Apparently, people no longer expect to find good deals and have not yet reached the point where they’ll feel comfortable driving around in the same busted crate that’s seen them through the last decade as a way to save money.  Read More >

By on May 6, 2021

A recent report from The Intercept has confirmed some of our biggest fears about connected vehicles. Apparently, U.S. Customs And Border Protection (CBP) has struck a deal with Swedish mobile forensics and data extraction firm MSAB for hardware that allows the government to not only siphon up vehicle data but also use it as a backdoor to access the information on your phone.

While this shouldn’t be all that surprising in an America that’s seen the Patriot Act pave the way for all sorts of government spying, the arrangement represents another item in a toolbox that’s frequently used against regular citizens. CBP is alleged to have spent $456,073 on a series of vehicle forensic kits manufactured inside the United States by Berla. Internal documents suggest that the system was unique and of great interest to the U.S. government, with a multitude of potential applications pertaining to automotive data. But what surprised us was just how much information carmakers thought their products needed to keep tabs on and how that plays into this.  Read More >

By on May 5, 2021

California PHEV

Electric vehicles are one way to carbon neutrality. Yet 20 percent of California PHEV owners have gone back to gas-powered vehicles.

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By on April 7, 2021


pandemic

The pandemic has changed car buying plans for nearly three out of four shoppers who intended to buy in the next six months. New research from Comscore Automotive Data Mart, cited in a story today by Auto Remarketing, indicated the pandemic tops the concerns of four out of ten who had intended to buy.

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By on April 2, 2021

QOTD Question of the day

Jan, Toyota’s innocuous ad spokesperson, poses our question of the day (QOTD)  to picture yourself in a new Toyota. We’re asking, what new vehicle of any make would you picture yourself in? Assuming, of course, dealers still exist.

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By on March 12, 2021

Hindenburg Research, the firm that outed Nikola for overselling its technology in last year’s scathing report, has selected a new target. The company in its crosshairs this time around is Lordstown Motors. While the investment research firm stopped short of saying the Ohio-based manufacturer committed fraud, it came extremely close. On Friday, Hindenburg alleged that Lordstown is stringing investors along, will be unable to adhere to its existing production targets, and fabricated sales to make the business appear more appetizing.

“Lordstown is an electric vehicle [special purpose acquisition company] with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities,” reads the report. “The company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.”

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By on January 22, 2021

F-series

The most popular car for 2021 isn’t a car at all, it’s the Ford F-series pickup. Among the top 10 most popular cars, the Silverado and the Tacoma, both trucks, join the F-150.

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By on January 14, 2021

autonomous

 

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By on December 23, 2020

IRS

The IRS has issued the 2021 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

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By on December 3, 2020

 

off-road retailer

SEMA, the Specialty Equipment Market Association, has released its Fall 2020 State of the Industry report, which denotes the health of the automotive aftermarket despite the disruption caused by COVID-19. This report provides companies with the information needed to make good business decisions, not to put a positive spin on a time of uncertainty.

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By on November 19, 2020

It turns out there’s a name for the false sense of security provided by modern driving aids. According to researchers with the Insurance Institute for Highway Safety (IIHS) and the Massachusetts Institute of Technology’s AgeLab, the phenomenon is called “driver disengagement” and it’s assumed to be a contributing factor to roadways fatalities. The duo recently published a rather basic study examining how evolving automotive technologies might be eroding safety under the guise of progress.

Since we’ve been onto the perils and shortcomings of advanced driving aids since their introduction, it also provides us with another stellar opportunity to gloat. Heck, our criticisms go back far enough to predate any reputable research on the matter. We were just bitter cranks then, annoyed that the systems seemed unworthy of our trust despite constantly demanding it. But the IIHS said its latest testing found motorists frequently lose focus while utilizing features like adaptive cruise control and lane-keeping. This issue reportedly worsens the more familiar drivers become with the systems, which would be fine if they could be counted on for total effectiveness. Sadly, there’s been more than enough testing for us to know that’s not the case.

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By on November 12, 2020

Despite predicting a rough year for itself long before the pandemic kicked the whole industry in the shins, Nissan is reporting a sunnier financial forecast.  Thanks to its vast restructuring efforts and better-than-anticipated sales, the Japanese automaker has trimmed estimated annual operating losses by 28 percent.

According to Nissan, that should place the 2020 cash bleed (which doesn’t officially wrap until March 31st, 2021) somewhere around $3.2 billion instead of the original $4.5 billion. Considering it’s coming off an already bad year, this is actually good news. But it doesn’t mean there aren’t more hard times ahead, as Nissan has decided to evolve its restructuring plan to make sure it doesn’t lose more money than absolutely necessary.

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