Tag: Budget

By on June 18, 2021

At the start of the year, the city of Chicago announced that it would be changing rules pertaining to traffic enforcement as part of Mayor Lori Lightfoot’s updated 2021 budget package. But the one that was causing the most concern among motorists was a provision to have speed cameras issue tickets to anybody traveling 6 miles an hour over the posted limit, rather than the previous cutoff of 10 MPH. While just a singular aspect of the city’s plan to resolve a $1.2-billion deficit, it turned out to be one of the most controversial items and appears to have resulted in a tenfold increase in fines.

According to local affiliate CBS Chicago, data from a public records request indicated that during the 36-day period before and after the change took effect on March 1st, citywide ticketing went up from 35,784 citations in the weeks before to a massive 398,233 in the proceeding weeks.  (Read More…)

By on May 17, 2021

As you might have noticed, or heard from us, rental agencies have been hoovering up new and used vehicles to offset the 2020 selloff that stemmed from everyone mysteriously canceling their travel plans that year. Returning to normal, which is something anyone who didn’t assume the world was ending could have predicted, has resulted in increased pricing for vehicles — regardless of whether you’re renting or buying.

Rental companies typically try to play the vehicle market like the rest of use stocks or (if you’re hip) crypto. Buy low, sell high. But 2021 has created a perfect storm of increased demand coming after a long stretch of nothing and an auto industry that doesn’t seem to be capable of building cars thanks to all sorts of component shortages. But it’s no sweat for the big rental agencies because they’re now able to charge just about whatever they want. They’re keeping vehicles in their fleets longer, making more money off them, and selling them back at elevated prices.  (Read More…)

By on April 16, 2021

rental car companies

Rental car companies are their own worst enemies, having sold off much of their fleets during the pandemic’s height. With travel restrictions easing in many places they find themselves with no inventory.

(Read More…)

By on November 2, 2020

Rental-car agencies, shunned by a population that didn’t know whether it was safe to go outside for most of the year, have reportedly started to turn things around. While the recovery didn’t come soon enough to save Hertz from having to declare bankruptcy, the summer months were much kinder to the industry as a whole. Despite the likelihood of 2020 remaining an unprofitable year, the final two quarters should help rental groups recoup some of the sustained losses.

A recent assessment conducted by the Wall Street Journal suggested that the industry is benefiting from a population that continues to shun air travel during the pandemic and elevated used vehicle pricing. While discount prices actually hampered Hertz right when it needed a miracle, secondhand auto rates surged through the latter half of the summer and helped stabilize the rest of the vehicle rental industry.

(Read More…)

By on January 15, 2016

U.S. Department of Transportation Secretary Anthony Foxx on Thursday said his department would seek nearly $4 billion over the next 10 years to standardize rules for self-driving cars and make it easier for carmakers to offer more autonomous vehicles.

The plan was mentioned Tuesday by President Barack Obama during his final State of the Union address and detailed by Foxx at the North American International Auto Show in Detroit.

The plan would create a uniform autonomous vehicle policy for states to adopt and would allow more exemptions from current safety regulations for self-driving technology.

Only a few states currently allow autonomous vehicles on their roads, including California, Nevada and Michigan.

(Read More…)

By on November 7, 2015

Congressman Michael C. Burgess (R-TX)

Through an amendment by U.S. Representative Michael C. Burgess (R-TX) to the transportation funding bill, the House voted in favor of dialing back planned budget increases for the National Highway Traffic Safety Administration on Thursday, Automotive News reported.

Those planned increases of $46.3 million for 2016 and $76.7 million by 2021 have been cut by $15 million per year.

Burgess is chairman of the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade and is responsible for a 62-page draft bill that would have credited vehicles with three advanced safety devices an additional 3 grams of CO2 per mile, up to 6 grams of CO2 per mile for a car that communicates with the road.

(Read More…)

By on March 28, 2014

autoshare_kevin__868561gm-a

Enterprise Rent-A-Car’s Canadian subsidiary is buying AutoShare, a Toronto-based car sharing company that has established itself as a successful competitor to Zipcar.

While terms of the deal weren’t disclosed, it follows last year’s takeover of ZipCar by Avis Budget Group. For now, AutoShare will be managed from Toronto, and operate under the AutoShare brand. According to The Globe and MailAutoShare started in 1998, and has now grown to 12,000 members, with its membership focused in Toronto alone.

But with the backing of Enterprise, that could change. With high gas prices, a largely urban population centered in dense downtown areas and a culture more receptive to eco-friendly measures like public transit, Canada is a country that would be willing to embrace car sharing services. Don’t be surprised if AutoShare starts expanding – and a move south of the 49th parallel could be in the cards as well.

 

By on June 17, 2013

Aside from the great friendships forced via encouraged bribing that naturally occur when like-minded people congregate, the 24 Hours of LeMons is a fantastic opportunity for those wearing a Judge’s robe. Take last month’s race at Eagles Canyon Raceway: when stupid (yet purposeful) things like this Flavor Flav clock on the dash of this Mitsubishi Eclipse arrive, I can’t help feeling like I’m hosting “Pimp My Ride LeMons” edition…

While Xzibit makes hilarious faces/comments as the kids talk about their hooptie’s general crappiness, I just snap a photo and begin judging them…so click the link to see more hilarity. (Read More…)

By on May 30, 2013

Ross writes:

Several years ago a friend suggested to me that I had an old soul. I pretended to not understand what he meant even though I watched old television shows, saw old movies and listened to the big band sounds of the thirties and forties.

I’m beginning to come to grips with my old soul though and I need a bit of advice. (Read More…)

By on April 5, 2013
Dear Steve and Jeev,

My girlfriend needs a car while in the midst of many other big financial decisions that severely limit her car budget. Here’s the situation. (Read More…)

By on September 11, 2012


Tercel. Echo. Yaris.

When the history of great cars is written, these models will likely not be anywhere near the short list.

(Read More…)

By on January 27, 2012

Here’s a statement you won’t see at any other automotive outlet – when I hopped out of a 2012 Mercedes CLS and into a 2012 Nissan Versa SL, I felt like I was at home. This has as much to do with my auto journalist salary as it does my love of bargains. As much as I love $50,000 pickups and supercharged sports sedans, my friends and relations rarely ask which AMG product they should buy. Usually, the decision looks a little like the photograph above. Today’s quandary: the 2012 Nissan Versa vs the 2012 Nissan Sentra. Let the games begin.

(Read More…)

By on March 9, 2010

A federally funded ticketing blitz in the state of Virginia landed a total of 6996 traffic tickets this weekend. The blitz, dubbed “Operation Air, Land & Speed” coincided with frantic efforts by state officials to close a$2.2 billion budget deficit. Supervisors ordered state troopers to saturate Interstates 81 and 95 to issue as many tickets as humanly possible over the space of two days.
(Read More…)

By on January 3, 2010

This Taurus a new one?

Why that car? My cousin was slightly amused at the sight of my 2004 Ford Taurus SES. A rental car seemingly loaded with penny-pinching mediocrity and cut corners. An unusual choice for the holidays. It had made the long journey from Northwest Georgia to Jewish Florida in a day’s time. The leather was cheap, but functional. The buttons were cheap, but functional. The price bought it for was very cheap…

(Read More…)

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