-
Recent Posts
- Harley‑Davidson On-Shoring Motorcycle Production
- Vehicle Affordability – Price Increases Small as Incentives Grow
- Beware! Catalytic Converters are Pursued by Thieves
- Magna CEO Swamy Kotagiri Speaking on Decisions That Will Shape the Next Decade of Automotive Manufacturing
- First Look – Audi Tazio Nuvolari Hybrid Super Car
- Trump Thumped – U.S. Air Carriers Fuel Costs Climb 26%!
- Stellantis – Solar Now Powers Two-Thirds of EU Plants
- Ralph Nader Arises Again in Uber Legal Accountability Bout
- Nissan to Build Chinese Chery Vehicles in UK?
- Goodyear to Make Tires for Pegasus Lunar Terrain Vehicle
- Honda Hybrid-Electric Vehicles Set U.S. May Sales Record
- BTS – May 2026 Fuel Prices Are Sky-High Up 32-50%
- FuelFest – 2027 Toyota GR86 Sports Car Debuts
- Wheels Off? GM Front Wheel Bolt Recall on 24-in Wheels
- Airbag Failures – American Honda Recalls ~99,000 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 →