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In response to these trends, the National Automobile Dealers Association (NADA) has conducted a study revealing the proposed 54.5 mpg CAFE standards for 2025 will cause a significant increase in the technology as well as the cost required to build vehicles and, in turn, increase the price for each vehicle. As a result, many potential new-car buyers will be forced out of the market.
According to estimates calculated by the Environmental Protection Agency and NHTSA, the efficiency standards will cause the average retail price of passenger cars and light trucks to increase by nearly $3,000 by 2025. NADA’s study, “The Effect of Proposed MY 2017-2025 Corporate Average Fuel Economy (CAFE) Standards on the New Vehicle Market Population,” states that the price hike may be too much for approximately 7 million lower income consumers, such as college students and working families, as they may no longer qualify for auto financing to purchase the more expensive vehicles.
Regarding the 2025 CAFE requirements, Ford dealership owner Don Chalmers said during the NADA press briefing, ”To work, fuel economy improvements must be affordable. While you can mandate what automakers must build, you can’t dictate what customers will buy, nor can you dictate if a bank will make a loan.”
Chalmers continued, “If my customers can’t buy what I’ve got to sell, there are no savings at the gas pump and there is no environmental benefit. If car and truck buyers do not purchase these new products, we all lose.”
Doug Greenhaus, NADA chief regulatory counsel for environment, health, and safety, summed up the sentiment and suggested that the government must better understand the impact of the proposed CAFE regulations on consumers and auto lending before proposing the lofty mpg mandates. Greenhaus urged, “Disregarding vehicle affordability will undermine the environmental and national security benefits the administration is seeking. The proposed MY 2017-2025 fuel economy rules should be deleted until there is a more accurate picture of how prospective buyers will react.”
“Boys and their cars.” You’ve may have heard the following statement muttered between groups of women knowingly. But a recent study by researchers at City University in the United Kingdom suggests it’s just something they naturally gravitate towards from the moment they can crawl.
For this study, the researchers gathered a group of boys and girls, from 9 to 36 months old, along with a range of toys, and recorded which each gender played with and for how long. The information gathered found that the boys spent more time playing with cars and balls, while girls spent more time playing with the dolls and teddy bears. This, in the researchers’ conclusion, suggests that there is an “intrinsic bias” in children towards gender-typical toys.
According to City University researchers, this study is the first of its kind to find consistent and stable differences regarding the toy choices girls and boys younger than 18 months make. One researcher, Dr Brenda Todd, states, “Children of this age are already subject to a great deal of socialization, but these findings are consistent with the idea of an intrinsic bias in children to show interest in particular kinds of toys.”
So ladies, the next time your man is in the garage tinkering with his latest toy, stop before you admonish him for spending so much time with toy and not with you. It’s not his fault – he was born that way.
[Source: Kicking Tires via BBC News]