Skip to Content
Streetsblog USA home
Streetsblog USA home
Log In
Today's Headlines

Wednesday’s Headlines Say the Car Loans Are Too Damn High

Hey automakers, let's put some more small cars for sale in the U.S., OK?

Martin Pettitt, CC|

In Britain small cars like this are the norm, but they’re not even available in the U.S.

  • The Autopian argues that inflation and high interest rates are what drives consumers toward small cars, not gas prices. In that context, it makes sense that automakers miscalculated when they went all-in on big, expensive electric SUVs and pickup trucks (Business Insider). Right now, what drivers want are smaller, practical vehicles under $40,000, but few are available.
  • In unrelated news, a man who made billions off of high-interest loans to low-credit car buyers paid Donald Trump's $175 million bond for his New York civil fraud case. (Washington Post)
  • Highway construction costs are rising at a 24 percent annual clip, far outpacing the rate of inflation. (Eno Center for Transportation)
  • Pittsburgh Regional Transit is considering reviving unused light rail lines while others are closed for remodeling. (CBS News)
  • Nashville transit agency WeGo is working to become more efficient in advance of a November referendum on transit funding. (WPLN)
  • Some bike shops aren't participating in Colorado's e-bike rebate program because they don't get reimbursed until they file their taxes. (Colorado Public Radio)
  • Plans are moving forward for a linear park and cycle track on a "selfie-friendly" Atlanta bridge. (Urbanize Atlanta)
  • Boston Mayor Michelle Wu is commuting on public transportation and putting it all on TikTok. (Fast Company)
  • Speaking of TikTok, one influencer is zooming in on Los Angeles transit and how single-family zoning restricts access. (The Cooldown)

Stay in touch

Sign up for our free newsletter

More from Streetsblog USA

This Heat Wave is a Car Dependency Problem

Our quickly warming planet has a unique impact on people who don't or can't drive — and we need policy action to protect their health.

July 18, 2024

A Hillbilly Elegy for Thursday’s Headlines

Ohio Sen. J.D. Vance, the Republican nominee for vice president, supports more federal subsidies for giant, deadly, gas-guzzling trucks and SUVs.

July 18, 2024

We Need to Stop Killing People On Our Roads; a New ‘Bikes Belong’ Campaign Could Help

A ground-breaking campaign in the 90s helped deliver the federal money America needed to fund active transportation infrastructure. Is it time to re-laucnch it?

July 18, 2024

Wednesday’s Headlines Got the Worried Blues

Transit agencies listen to that whistle blow. They're going where they never gone before.

July 17, 2024

Study: More Evidence That Safer Streets Don’t Hurt Local Business

...more insight into why people simply don't believe it.

July 17, 2024
See all posts