-
Recent Posts
- Mass Production eVTOL Soon? Joby Aviation and Toyota JV
- More Ford Motor Recalls for Rollaways ~740,000 Affected
- IMSA Watkins Glen: Cadillac, Corvette, Porsche Run Solid
- Sudden EV Power Loss – Toyota BZ, Lexus RZ, Subaru Solterra Recalled
- Milestones – 15 Million Honda Accords Sold in U.S.
- UAW to “Practice Pickett” Tomorrow at Woodward MPC
- June 2026 U.S. Auto Sales Forecast Up 3.6%
- BMW Expands Factory Use of Humanoid Robots
- “Disasters” – UAW on NAFTA, U.S.-Mexico-Canada Agreements
- Connectivity Snags Haunt Improvements in New-Vehicle Quality
- Trumped! – 2026 Vehicles Sales Forecasts All Down
- Annals of Marketing – Chevrolet Heartbeat of America Revived
- Milestones – Nissan Canton Builds 1 Millionth Frontier Truck
- Porsche AG Board Drastically Cuts 2025 Annual Dividend ~50%
- Ford Recalls Expand – Six More Covering ~172,000 Vehicles
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: us economy
President Obama Announces New Oil Drilling Plans
U.S. President Barack Obama in his weekly radio address to the nation on Saturday called expansion of domestic oil production and the elimination of $4 billion in taxpayer subsidies that oil companies are granted each year by the U.S. Congress. Continue reading
Posted in auto news
Tagged gasoline prices, national security, obama, oil companies, taxpayer subsidies, terrorism, us economy
1 Comment
Record Consumer Spending Forecast for US February Sales
Total new-vehicle sales for February 2024 in the US, including retail and non-retail transactions, are projected to reach 1,214,600 units, a 1.4% increase from February 2023, according to a joint forecast from J.D. Power and GlobalData* issued today. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.4 million units, up 0.4 million units from February 2023 as the Biden Administration economic recovery continues. Consumers are expected to spend ~$40.8 billion on new vehicles this month. This is the highest on record for the month of February, and 4.1% higher than February 2023. Continue reading →