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.
Where are Americans making the shift away from driving to work? Crunching newly-released Census data, Yonah Freemark looked at how commute travel is changing in different cities and regions. In general, car commuting in major metro areas declined between 2005 and 2015, but the shift was greater than a couple of percentage points in only a few […]