Will The EPA's Decision To Rollback Fuel Standards Push Consumers Into Record Debt?

Since President Donald Trump’s administration took office, the auto industry has been clamoring to have the strict fuel economy standards set by his predecessor reversed. On Monday, that process began with an announcement by Trump’s Environmental Protection Agency. But the automakers themselves could wind up seriously hindered if the standards are drastically weakened.

Consider the current environment of the auto market: sales, most observers agree, plateaued in 2017. Car buyers are already borrowing record amounts to purchase a car and average to loan terms exceeding 70 months. Many of those sales are driven by big SUVs, crossovers and trucks as gas has stayed cheap—for now.
Read Article

TomM - 4/4/2018 10:53:54 AM

-2 Boost

So - what you are saying is that CONSUMERS who are struggling to buy cars will do so when they get a chance to buy a car that gets LESS MPG and emits MORE pollutants into the air.

The stock market is currently showing what a proposed Trade war will do to the Economy of the world -AND lots of people are losing large portions of their retirement savings - I do not think Buying a car is their first objective.

TheSteve - 4/5/2018 8:11:41 PM

+2 Boost

TomM: +1. Yup. But fact-deniers can't see the dots, let alone connect them :-/

MDarringer - 4/4/2018 7:02:35 PM

+7 Boost

EV are pricey, so where was the outcry when Obama was pushing EVs?