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Economy, Personal Finance

“More Americans Are Getting Auto Loans That Exceed the Worth of Their Cars”

“…Used car loan-to-value ratios increased to 125 in the first three months of this year from 104 for the same period in 2021, according to the study released Tuesday by credit reporting firm TransUnion and market researcher J.D. Power. A… Continue Reading…

Business, Economy

“…AM radio is being removed from many cars”

“America’s love affair between the automobile and AM radio — a century-long romance that provided the soundtrack for lovers’ lanes, kept the lonely company with ballgames and chat shows, sparked family singalongs and defined road trips — is on the… Continue Reading…

Economy

“China’s flood of new electric cars cost 20% more to insure than fuel-powered cars”

“…In general, the insurance premium for new energy cars — which includes electric — is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who leads the firm’s research… Continue Reading…

Economy

“…Homeless at the gates of Disney: Thousands are living in motels, encampments and even their cars…”

“It’s the ‘Most Magical Place on Earth’, where millions of families flock every year to have their dreams spun from fantasy to reality. But for thousands living in the shadow of Disney World near Kissimmee, Florida, life is far from a… Continue Reading…