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U.S. Auto Debt Grows to Record High Despite Pandemic – experian.com


stefan.lembo-stolba
In this article:
• Auto Debt Climbs to Record High of $1.37 Trillion 

• Average Consumer Auto Debt Balances Grow Amid Pandemic
• Auto Delinquencies Dipped But Are Now on the Rise
• Car Buyers Skew Prime During Pandemic 
• Auto Balances Increase Most Across High Credit Ranges 
• Young Generations Again Drive Auto Debt Growth
• Consumers in All States See Increase in Auto Balances
• Auto Leasing Slows, While Electric Vehicles’ Popularity Surges

Though the COVID-19 pandemic decisively changed many aspects of Americans’ routines, one of the most notable differences has been in mobility and the necessity to leave the house. 
Pandemic lockdowns and the desire to avoid infection kept many Americans inside, causing them to reconsider how much they can get done without leaving home. With stay-at-home the new normal in 2020—and a record number of people working remotely—the nation rapidly adapted to delivery services, and many online retailers saw their businesses boom.

Tyre Extinguishers go global as activists vow to make owning SUVs ‘impossible’ – independent.co.uk


Climate activists who have been deflating the tyres of SUVs in the UK have said they are going global with their campaign to make it “impossible” to own the vehicles/
The Tyre Extinguishers claim followers in the US states of Arizona and Colorado have already ‘disarmed’ 4x4s, with supporters in Europe geared up to follow suit.
The group say the luxury vehicles, also known as SUVs, are a climate disaster, cause health problems through air pollution, and make roads more dangerous.
Activists targeted the wheels of dozens of SUVs in the Didsbury suburb of Manchester on Tuesday evening.
But the owner of one of the cars said it was an electric vehicle and condemnd the group’s actions as “dangerous and irresponsible”.
“It’s not just an inconvenience,” he told the Manchester Evening News . “My wife’s pregnant and I need to get her a hospital at some point.
Last month the Tyre Extinguishers claimed to have ‘disarmed’ over a thousand SUVs in Brighton, London, Manchester, Birmingham, Sheffield, Bristol, and Edinburgh.
The group’s aim is to make it impossible to own a 4×4 in urban areas across the UK. A spokesperson told The Independent earlier this month they were planning to ramp up their campaign.
Tyre Extinguishers said they were preparing to launch French, Spanish, Italian and German versions of leaflets “at the request of activists”.

2015) Speeding in Finland Can Cost a Fortune, if You Already Have One – nytimes.com


Suzanne Daley – Helsinki Journal April 25, 2015
Helsinki, Finland — Getting a speeding ticket is not a feel-good moment for anyone. But consider Reima Kuisla, a Finnish businessman.
He was recently fined 54,024 euros (about $58,000) for traveling a modest, if illegal, 64 miles per hour in a 50 m.p.h. zone. And no, the 54,024 euros did not turn out to be a typo, or a mistake of any kind.
Mr. Kuisla is a millionaire, and in Finland the fines for more serious speeding infractions are calculated according to income. The thinking here is that if it stings for the little guy, it should sting for the big guy, too.
The ticket had its desired effect. Mr. Kuisla, 61, took to Facebook last month with 12 furious posts in which he included a picture of his speeding ticket and a picture of what 54,024 euros could buy if it were not going to the state coffers — a new Mercedes. He said he was seriously considering leaving Finland altogether, a position to which he held firm when reached by phone at a bar where he was watching horse races.
“The way things are done here makes no sense,” Mr. Kuisla sputtered, saying he would not be giving interviews. Before hanging up, he added: “For what and for whom does this society exist? It is hard to say.”

The Average American Can No Longer Afford a New Car – instamotor.com


The average transaction price of a new vehicle is $32,086. For the last few years Americans have been buying higher-contented vehicles, which are cars and trucks packed with features and accessories. 
The one problem here is that the average U.S. household can’t afford that price.
Interest.com, a consumer finance site owned by Bankrate looked at median household incomes across the US and concluded that new cars are out of reach for most Americans. They looked at the median household income in the 25 largest U.S. metropolitan areas and Washington DC was the only area that could actually afford to buy a new car.
Washington had the highest median household and based on their calculations a car buyer would be able to support a $641 monthly payment, which they translate to a purchase price of $32,531 – slightly higher than the average. 

Get on your bike? Not if some Tory councils have their way – theguardian.com

Tom Wall
Transport officials have cut funding to three Conservative-controlled councils for failing to encourage walking and cycling amid a local Tory backlash against government-backed plans to reduce traffic and pollution.
The Department for Transport (DfT) has been forced to reduce active travel funding to a string of councils after Tory councillors removed pop-up cycle lanes and pedestrianised areas before they had a chance to change the way people travel.
The Royal Borough of Windsor and Maidenhead did not receive any funding to draw up cycling and walking infrastructure plans last year after it abandoned proposals for two low-traffic neighbourhoods.
This month the Tory-run borough announced it was removing pavement widening measures on eight streets, partly to increase car parking bays. In a town forum discussing the removal, a council officer declared the “car remains king” in Maidenhead.

Cycling Minister pleaded with children not to cycle on “terrible” roads, pledges action – Cycle Industry News


Laura Laker 23 March, 2022

England’s new cycling Minister admits she has “pleaded” with her kids not to cycle on her local roads, decrying the state of some “terrible”, “so-called cycle infrastructure” – and says building safe cycling routes to enable disabled people, women and children to cycle more is a priority.
Trudy Harrison, who taught Bikeability as a school governor, and has a degree in sustainable communities, told an All Party Parliamentary Group for Walking and Cycling (APPCWG) meeting active travel will be key in decarbonising Britain, and cited the industry’s “significant” contribution to the economy, but she was bluntly honest about the challenges ahead, criticising cycling conditions in her home county, Cumbria, and expressing a particular desire to improve rural routes.
The MP for Copeland who took up the post in January, wants to work with landowners to develop new cycle routes, and says as well as infrastructure a “cultural change” is needed to get more people on bikes, and shift divisive language around drivers and cyclists.
(Editor’s note: Today the chancellor has again handed the motorist a 5p on the litre fuel duty cut with a reported £5 billion per year cost to the treasury. The five year walking and cycling budget – at a time of climate emergency – is just £2 billion.)