Vehicle travel in the United States has experienced a resurgence in the last two-and-a-half years, following an unprecedented decade-long per-capita decline in driving. Low gas prices are likely a big reason why; recent increases in incomes and employment as well. But an additional factor has been relatively unexplored: the effect of changes in credit markets on vehicle purchasing and ownership.
Crossposted from City Observatory. Hot on the heels of claims that Millennials are buying houses come stories asserting that Millennials are suddenly big car buyers. We pointed out the flaws in the home-buying story earlier this month, and now let’s take a look at the car market. The Chicago Tribune offered up a feature presenting […]
Last week we highlighted the Photoshop work of Memphis resident David Lindsey, who updated Georges Seurat’s “A Sunday Afternoon on the Island of La Grande Jatte” to comment on the way cars have come to intrude on almost every public space. Lindsey was motivated by the decision to allow overflow parking from the Memphis Zoo in the city’s historic Overton Park, but his concept quickly […]
One lesson they really hammer home, when you’re a new parent, is the importance of carseats. Hospitals won’t let you take a newborn home from the hospital unless you can show you have a carseat. And they warn you of this fact in Lamaze class and in all the parenting books and on all the […]