If you believe much of the media coverage, my community was engaged in a culture war – a seemingly intractable obstacle to anyone wishing to reduce the dominance of motor vehicles in our towns and cities.
Looking at the problem this way, we notice that cars are produced at massive scale in huge plants that need to operate at all times at near full capacity to ensure profits and avoid insolvency.
One “solution” has been a proliferation of bigger, snazzier and more expensive models, such as SUVs, in the past couple of decades: manufacturers compensated for sclerotic demand by increasing the value of each car sold.
My analysis of credit reports associated with PCPs shows that financial markets place great value on the efforts of dealerships to ensure consumers keep up their monthly payments.
Interest-rate shocks, a spike in unemployment, and a fall in used-car values could quickly topple this house of cards, with wider repercussions not unlike the 2007 subprime mortgage crisis.
Public transport investment, bike lanes and LTNs are not an attack on motorists, but a helping hand out of the gilded cage that is contemporary car ownership.
The original article contains 977 words, the summary contains 190 words. Saved 81%. I’m a bot and I’m open source!
This is the best summary I could come up with:
If you believe much of the media coverage, my community was engaged in a culture war – a seemingly intractable obstacle to anyone wishing to reduce the dominance of motor vehicles in our towns and cities.
Looking at the problem this way, we notice that cars are produced at massive scale in huge plants that need to operate at all times at near full capacity to ensure profits and avoid insolvency.
One “solution” has been a proliferation of bigger, snazzier and more expensive models, such as SUVs, in the past couple of decades: manufacturers compensated for sclerotic demand by increasing the value of each car sold.
My analysis of credit reports associated with PCPs shows that financial markets place great value on the efforts of dealerships to ensure consumers keep up their monthly payments.
Interest-rate shocks, a spike in unemployment, and a fall in used-car values could quickly topple this house of cards, with wider repercussions not unlike the 2007 subprime mortgage crisis.
Public transport investment, bike lanes and LTNs are not an attack on motorists, but a helping hand out of the gilded cage that is contemporary car ownership.
The original article contains 977 words, the summary contains 190 words. Saved 81%. I’m a bot and I’m open source!