Car Sales in China: Fall, Fell, Fallen

The car market in China is not quite as healthy as many had been surmising. Proving that bubbles continue to be bubbles, sales of new vehicles in the nation of the Panda dropped at a frightening rate the last few months. Moreover, some are worried that the symptoms of the poorly performing vehicle market could be a sign that the overall economy of the Big Red, the planet’s second largest economy, is far from robust.

If cars continue to sit at dealerships, shipping of new vehicles to China could be cut by 400,000 units, or 2 percent of nationwide sales, by the end of the year. That would, economists say, undermine economic growth.

Compounding this problem are the restrictions on the new car purchases that the government is implementing in many cities across the nation to combat the Great Smog of China and its world famous traffic congestion. However, these restrictions will initially boost sales, according to said Yale Zhang, managing director of Autoforesight Shanghai Co., who said:

“In the short term, the market will just jump in those cities. Consumers will panic and will start to buy whatever they can before the measures.”

New York Lawmakers Set Aside Bill Prohibiting Tesla from Selling Directly to Consumers

Good news out of New York, its state assembly has decided to shelf a proposed bill that would have, if passed, prohibited Tesla Motors from selling its cars directly to buyers. However, the lower chamber of the Empire State adjourned its legislative session without acting upon the bill, an act of inaction that was a cry for freedom from sea to shining sea.

Though the bill would have kept all carmakers from selling cars directly to people, it was Tesla and its CXEO Elon Musk who had become the face of the opposition against the bill. Musk has said that if it had passed, he would have been forced to close the three Tesla Stores operating within New York.

Talking about the dangerous bill, Diarmuid O’Connell, a Tesla vice president, said, “Tesla’s goal has been to catalyze the market for electric vehicles and selling through intermediaries at this stage of the company will not work. It forestalls progress and defeats innovation.”

The primary opposition to Tesla’s direct-sales approach has come from car dealers, who, it turns out, are not fans of competition.

New York Lawmakers Attacking Freedom? May Ban Direct Sales of Tesla Vehicles?

New Lawmakers are considering a collection of bills that will, if they become law, revers a recent state court decision while preventing Tesla and all other carmakers from selling their cars directly from the factory to the customer. If the bills are signed into law, it will simply reinforce the belief that lawmakers tend to care more about protecting their buddies, in this case car dealership owners, rather than protecting the freedom of you and me to participate in the free market.

New York is not the only place in the nation where Tesla has run into roadblocks (sorry) as it has tried to sell cars directly to customers without going through a middleman. North Carolina, Texas and several other states either already have such laws on their books or bills that will ban the direct selling of cars.

Speaking about how harmful such bans force stores to close and cost real people real jobs, Tesla spokeswoman Shanna Hendricks said, “For auto dealer Associations to claim that restricting competition is in the best interests of the public is wrong and defies obvious common sense.”

Greater Niagara FCU: Shorter Term Equals Lower Rate

When one is trying to get a good deal on an auto loan, one of the best ways to accomplish this is to pay more up-front so that one can secure a shorter loan term. Greater Niagara Federal Credit Union, which provides a life-time membership to all residents of Niagara County, offers a very low 1.75% APR on terms up to 24 months.

Read the full article here:
http://www.gobankingrates.com/auto-loans/greater-niagara-federal-credit-union-1-75-apr/

Unique Offerings And Designs Make These Food Trucks The Top Ten Weirdest

Food trucks have a growing fan base all across the world. Some of the most eye-catching and interesting trucks feature not only a diverse and unique menu, but include specialized conversions of the trucks themselves. What follows is a list of the top ten weirdest food trucks the world over. Some made the list by having unparalleled and creative food options, and others found their way to the list by being seriously tricked out food trucks. Be prepared to have your mouth watering with the thoughts of these tasty offerings while your artistic side is tickled by some of the cleverest designs we’ve ever seen for a truck, let alone a food truck.

Read the full article here:
http://jalopnik.com/the-ten-weirdest-food-trucks-in-the-world-512276249