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Subprime Auto Lending Hits 11-Year Low

Despite an increase in subprime loan volume in the third quarter, auto loans to consumers with the riskiest credit histories hit their lowest overall share of the market in 11 years, according to Experian. Subprime and deep subprime originations accounted for 21.19% of the total auto loan origination market, down 1.5% from the year earlier, Experian said in its latest report, released...

The vote by the Colorado Air Quality Control Commission enacts a June executive order by Gov. John Hickenlooper. NHTSA Terminates Self-Driving School Bus

Federal safety regulators last month demanded that the community stop carrying students on an autonomous shuttle designed to look like a school bus. A cease-and-desist letter sent by National Highway Traffic Safety Administration officials said using the vehicle for that purpose “puts the safety of children and others at risk.” Since the order, the shuttle has stopped its three-block...

Colorado Adopts California Emissions Standards

Colorado has adopted vehicle emission rules that incorporate California standards. Under the rules, new vehicles sold in Colorado must average 36 mpg (15 kilometers per liter) by 2025. That’s about 10 mpg (4 kilometers per liter) over the existing standard. Colorado now joins several other states in taking proactive steps to avoid any weakening of federal standards by the Trump...

How Autonomous Vehicles Could Shape Future Development

Autonomous vehicles are poised to dramatically change cities’ roads (from congestion to safety) and commuting patterns, but developers think the innovation will also have a profound impact on the types of buildings that can be constructed. According to ZOM Living CEO Greg West, the greatest constraining factor to urban real estate development is parking. Building entrances for people...

Six trillion is what the world has to spend for an electric car-only future

These days, electric cars can drive further and be charged faster than previously. Automakers are beginning to churn out at least one electric variant, with more than 100 battery-powered models to be available by next year. Does that mean the affordable car of the future has arrived? Sales numbers suggest it’s getting closer. Consumers bought more than one million electric vehicles...

New Jersey statute bars action due to uninsured driving

In Scholes v. Hausmann, No. A-0980-17T3 (N.J. Super. Ct. App. Div. 2018), the Superior Court of New Jersey, Appellate Division held that a New Jersey statute precluded recovery in a personal injury action. Plaintiff and Defendant were involved in an automobile accident in which Plaintiff sustained injuries. The vehicle he was driving was titled and registered in his name using his...

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