HRM's latest drive your hooptie-rod daily editorial couldn't have come at a much more appropriate time, given the following grim statistics caused by the law increasing Corporate Average Fuel Economy standards each year through 2025:
-- "National Highway Traffic Safety Administration (NHTSA) analyses indicate that the [increasing fuel economy standards]will add $3,000 to $4,800 to the average price of new vehicles for models from now until 2025. Moreover, this price increase does not include the $2,000 to $6,000 in total interest charges that many borrowers would have to pay over the life of a 36-60 month loan."
--"6 million to 11 million low-income drivers will be unable to afford new vehicles during this 13-year period, according to the National Auto Dealers Association (NADA). These drivers will essentially be eliminated from the new vehicle market, because they cannot afford even the least expensive new cars without a loan - and many cannot meet minimal lending standards to get that loan."
-- "[F]ar fewer used cars are available today, because the $3-billion 'cash for clunkers' program destroyed 690,000 perfectly drivable cars and trucks that otherwise would have ended up in used car lots. . . . Exacerbating the situation, the average price of used cars and trucks shot from $8,150 in December 2008 to $11,850 three years later, say the NADA and Wall Street Journal."
-- "The NHTSA, Brookings Institution, Harvard School of Public Health, National Academy of Sciences and USA Today discovered a shocking reality. Even past and current mileage standards have resulted in thousands of additional fatalities, and tens of thousands of serious injuries, every year – above what would have happened if the government had not imposed those standards.
They also learned that drivers in lightweight cars were up to twelve times more likely to die in a crash -- and far more likely to suffer serious injury and permanent disabilities.
Increasing mileage requirements by a whopping 19 mpg above current rules will make nearly all cars even less safe than they are today."
Source: Harry R. Jackson, Jr., CFACT.com
More critical to Bangshifters, 54.5 m.p.g. fuel economy standards are going to dry up the supplies of cheap RWD V8s necessary to many grassroots Bangshifters' participation in the sport/hobby.
-- "National Highway Traffic Safety Administration (NHTSA) analyses indicate that the [increasing fuel economy standards]will add $3,000 to $4,800 to the average price of new vehicles for models from now until 2025. Moreover, this price increase does not include the $2,000 to $6,000 in total interest charges that many borrowers would have to pay over the life of a 36-60 month loan."
--"6 million to 11 million low-income drivers will be unable to afford new vehicles during this 13-year period, according to the National Auto Dealers Association (NADA). These drivers will essentially be eliminated from the new vehicle market, because they cannot afford even the least expensive new cars without a loan - and many cannot meet minimal lending standards to get that loan."
-- "[F]ar fewer used cars are available today, because the $3-billion 'cash for clunkers' program destroyed 690,000 perfectly drivable cars and trucks that otherwise would have ended up in used car lots. . . . Exacerbating the situation, the average price of used cars and trucks shot from $8,150 in December 2008 to $11,850 three years later, say the NADA and Wall Street Journal."
-- "The NHTSA, Brookings Institution, Harvard School of Public Health, National Academy of Sciences and USA Today discovered a shocking reality. Even past and current mileage standards have resulted in thousands of additional fatalities, and tens of thousands of serious injuries, every year – above what would have happened if the government had not imposed those standards.
They also learned that drivers in lightweight cars were up to twelve times more likely to die in a crash -- and far more likely to suffer serious injury and permanent disabilities.
Increasing mileage requirements by a whopping 19 mpg above current rules will make nearly all cars even less safe than they are today."
Source: Harry R. Jackson, Jr., CFACT.com
More critical to Bangshifters, 54.5 m.p.g. fuel economy standards are going to dry up the supplies of cheap RWD V8s necessary to many grassroots Bangshifters' participation in the sport/hobby.
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