Thursday, January 20, 2022
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stimulus

Third round of stimulus checks nears Congressional approval

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On Saturday, the House narrowly passed a $1.9-trillion-dollar pandemic relief and stimulus package that could see payments sent to American households in March. The House vote squeaked by with a seven-member margin, 219 for and 212 against. Should Congress approve the spending bill, most Americans will receive $1,400 payments per adult with earnings under $75,000 […]
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Biden

Biden’s executive actions in first days could influence auto industry

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Preparations are being made in the Capitol for Wednesday’s inauguration ceremony, transferring power to President-elect Joe Biden. Amid a heavy police and military presence, the inauguration will kick off a busy week of executive actions that will reverse many of President Trump’s previous decisions. Some of those actions are expected to affect the auto retail and […]
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buyers

Q4 car buyers making bigger purchases, putting more money down

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During the fourth quarter of 2020, the average down payment for new vehicle buyers increased notably from $4,329 a year ago to $4,734. Over that same time frame, total purchase price as well as monthly payments rose compared with previous quarters and Q4 2019. December purchases were the highest of the year, according to Edmunds data. This […]
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holiday

More drivers back to routine as holiday season approaches

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At the start of the pandemic, traffic volumes were noticeably lower nationwide with states like Florida reporting a 47.5% decrease in volume in March 2020 compared with March 2019. A recent survey shows that many of the drivers have returned to their normal routines just weeks before the holiday season kicks off. The most recent […]
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Biden

Trump vs. Biden: What Are their Plans for the Auto...

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The American election is coming on November 3rd, just ten weeks away, and polls are very close between the Trump-Biden camps, according to CNN’s tracking data. Without a doubt, the auto industry can expect very different effects depending on who earns the public’s trust and occupies the Oval Office for the next four-year term. CBT […]
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