8 years to pay off a car? A report by the Wall Street Journal claims that in Q4 of 2012, the average car loan stretched out to 65 months, or just over 5 years. Loan terms were being stretched out over increasingly longer terms too, with credit firm Experian reporting that nearly 1 in 5 car loans had terms between 73 and 84 months long, with some stretching for as long as 97 months.
18 months after the first ever Generation Why column debuted on TTAC, one of the buff books has finally latched onto the whole “kids don’t drive anymore” meme. Road & Track’s feature on today’s youth and their lack of enthusiasm for the automobile is much grander than anything I’ve ever done. In an ideal world, I suppose I would fly a friend of mine to California on an all expenses paid trip where we’d sample a Rolls-Royce Ghost, a Lamborghini Gallardo, a Porsche 911, a Ford F-150 SVT Raptor and the talents of two race car drivers. In the real world, the best I can do is initiate a low-speed four-wheel drift in my Miata while asking them if they still think it’s a girl’s car. Such is the life of a blogger.
Bernstein Research analyst Max Warburton thinks that the cost savings being anticipated by investors regarding VW’s MQB modular architecture will not materialize as planned.
Well, we were wrong. Turns out the 1.5L Ecoboost engine is a four-cylinder engine, but the intent remains the same. According to Reuters, it offers a way for Chinese buyers of the Ford Mondeo to get a tax break due to displacement.
A U.S. House of Represenatives subcommittee meeting became a forum for Ford to advocate on behalf of harmonized vehicle standards, as the US and EU continue to discuss a possible free trade deal.
The rest of the world is becoming just as crossover obsessed as North America, and in the premium segment, a crossover is an absolute must for any car maker. PSA’s most recent round of efforts have been pretty poor, using the Mitsubishi Outlander as a starting point, but for their upscale DS brand, PSA is starting from scratch.
California Congressman Darrell Issa wants to investigate the Department of Energy’s loans to nearly-bankrupt Fisker after the company laid off most of its employees and retained bankruptcy lawyers last week.
A Reuters article on Hyundai’s recent quality problems raises an interesting question. Has the company grown too fast following an unprecedented image makeover?
GM will resume advertising on Facebook, nearly a year after it ceased running ads on the social network.
The end of Q1 2013 in the United States saw numerous competitors in the mid-size sedan segment duking it out for the Number 1 spot. North of the border, the situation followed a familiar pattern as well; the race for the sales crown was dominated by compact sedans, rather than mid-sizers.
This essay on Delicious Tacos, about the life and death of an $800 Mercedes-Benz diesel sedan, drove home one of the unfortunate realities of living in a snowy climate: it’s nearly impossible to find anything for $800 that hasn’t been completely consumed by oxidization.
Juan Barnett, aka DCAutoGeek, put together this infographic on “distracted driving” using NHTSA’s own data from their latest study. I’ll let you be the judge on the matter, but the numbers are straight from NHTSA itself.
A story making the rounds of various forums is that Ford will introduce a 1.5L version of the Ecoboost three-cylinder in the MY2014 Fusion. Yes, a three-cylinder might be offered in a North American family sedan.
TTAC readers looking for a more pro-GM news source may want to check out Bloomberg for their next dose of pro-GM news. A story on Cadillac’s revived fortunes contains all kinds of enthusiastic copy and positive quotes, but still manages to bury the lede way down at the bottom of the story.
Maserati was supposed to debut their smaller Ghibli sedan at the Shanghai Auto Show, but the pictures have managed to surface prior to that. Not that it’s such a big shocker; it looks just like a slightly smaller Quattroporte. Powertrains will be limited to turbocharged six cylinder engines using either gas or diesel engines, mated to an 8-speed automatic engine. Ten points for anyone with enough of a sense of humor to affix “Biturbo” badges to the car. All-wheel drive will also be available.
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