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

Tuesday’s Headlines Turn Up the Heat

Triple-digit heat, fueled by climate change, is warping rail lines, interrupting construction work on transit lines and causing burns on sidewalks.

July 16, 2024

These Are the Most Dangerous Congressional Districts for Pedestrians

The deadliest congressional districts in America are dominated by BIPOC communities — and federal officials need to step up to save the most vulnerable road users.

July 16, 2024

Delivery Worker Minimum Wage Shows Promise … For Some, Data Shows

New data from New York City's Department of Consumer and Worker Protection shows minimum wage is bringing order to a previously wild industry.

July 15, 2024

Monday’s Headlines Go Through Basic Training

An NYU study looks into why the U.S. is lagging behind on high-speed rail, and one transportation expert ponders the impact on growth.

July 15, 2024

Sustainable Transportation Advocates Need to Talk About Sustainable Urban Design

A new book hopes to act as a "magic decoder ring" to our built environment — and a powerful tool to understand how sustainable transportation networks can fit within them.

July 15, 2024
See all posts