A rising number of Americans are unable to make the monthly payments on their car or truck loans and are in danger of having their vehicles repossessed, according to data released this week by the New York Federal Reserve. There are 6.3 million Americans who are 90 days late — or more — on their...
Earlier this morning the New York Federal Reserve released their quarterly consumer credit report which detailed, among other things, delinquencies rates on every type of consumer debt from mortgages to student loans. Now, given the 4.3% unemployment rate in the U.S. Show More Summary
Wall Street has been worried about the subprime auto loan market for some time. According to new research from the New York Federal Reserve, the delinquency rate for subprime loans originated by auto finance companies is spiking. "Although...Show More Summary
Auto theft isn't much of a problem anymore in New York City. In 1990, the city had 147,000 reported car thefts, one for every 50 residents; last year, there were just 7,000. That's a 96 percent drop in the rate of car theft. So why did this happen? All crime has fallen, nationally and especially in New York. Show More Summary
Authorities say a western New York town official has been cited for trying to bury his defunct auto repair garage in a hole. WIVB-TV reports that Louis Delmonte's business in … Click to Continue »
Morgan Stanley Adam Jonas calculates that Uber now has more "rider-share" than cabs in NYC. The value of an NYC taxi medallion has plunged. Uber's business is growing in NY while taxis are on the decline. Morgan Stanley auto analystShow More Summary
May 26, 1951. "Patricia Murphy's Candlelight Restaurant, Manhasset, Long Island, New York. Exterior, with autos." Nonconformists will please park to the left. Large-format acetate negative by Gottscho-Schleisner. View full size.
Infiniti has, quite literally, big plans for the 2017 Dubai auto show next month. The luxury brand will reveal the next-generation QX80, the full-size SUV Infiniti previewed earlier this year at the New York auto show with the Monograph concept. Infiniti only provided a few teaser images of the new QX80, but they still show plenty of Monograph...
The New York Times reports that — as I recently predicted — there seems to be some support among Republicans in Congress for banning “bump stocks,” which make it easier to fire semiautomatic weapons at a rate similar to that of automatic...Show More Summary
Olivia Wilde flashes a huge smile as she arrives at Spike Jonze’s Changers: A Dance Story on Friday afternoon (September 15) in New York City. The 33-year-old actress went comfy in a yellow T-shirt and jeans as she signed a few autographs for fans as she stepped out. PHOTOS: Check out the latest pics of [...]
A man crossing the street in the Bedford Stuyvesant section of Brooklyn got his leg stuck in a small sinkhole on Tuesday morning. According to local New York City outlet DNA Info, a man who works with the victim at a nearby auto repair shop says that the street collapsed under his foot, leaving him trapped. SEE ALSO: Send help. Show More Summary
Like all companies, auto dealerships are in the business of making money and dealer-installed options are frequently a good way to markup a vehicle’s final price. While that’s great for shops, new cars don’t really need rustproofing or fabric protection. Show More Summary
The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. The post...Show More Summary
NEW YORK, Aug 15 (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped. Read more... Permalink | Email this | Linking Blogs | Comments
YouTuber bplee2 captured awesome aerial footage with a DJI drone of the 3rd Annual Fastracs auto soccer game that took place in Red Hook, New York on April 23rd, 2017. The game featured numerous vehicles racing around a field and hitting a giant soccer ball (8 feet in diameter) at one of two goals. Each...
Have you ever heard of auto soccer? The ball is eight feet wide, and you kick it around with a car! The goalies are excavator operators. (YouTube link) This is the 3rd Annual Fastracs game, played in Red Hook, New York, in 2016. It resembles...Show More Summary
``The San Francisco bank acknowledged it charged 570,000 auto-loan borrowers for the unnecessary insurance. Now, the New York Department of Financial Services has subpoenaed records from Wells Fargo and its insurance provider, National General Insurance Co., over those policies.''
New York’s state insurance regulator is investigating last week’s revelation that Wells Fargo & Co. forced auto insurance policies on borrowers who didn’t need them — a matter that’s also drawing attention from Democrats on Capitol Hill. The San Francisco bank acknowledged it charged 570,000 auto-loan...
The New York Times obtained a consultant’s report that showed that more than 800,000 people who took out car loans from Wells Fargo were charged for auto insurance they did not need, and some of them are still paying for it.
BMW in March finally confirmed plans to add a convertible version of its i8 plug-in hybrid sports car, having first previewed it in concept form as far back as the 2012 New York auto show. Sales of the i8 convertible, which will be known as the i8 Roadster, will start in 2018, and to build excitement BMW has released a teaser video showing the car...