The 16-day government shutdown that dominated newscasts and headlines for the first half of October doesn't look to have had a dramatic impact on monthly sales, according to separately filed reports by Kelley Blue Book and JD Power. The news is even more welcomed following September's sales, which saw the first year-over-year decline in 27 months.
The government shutdown is eroding consumer confidence in the auto market, says John Krafcik, CEO of Hyundai's US sales unit, and could lower October sales by as much as 10 percent, Automotive News reports. "It's that anxiety that keeps customers, potential buyers, on the sidelines when making a big purchase like an automobile," Krafcik says, adding that industry sales could be off by five to 10 percent in October compared to September.
Two weeks into the budget-related government shutdown and it sounds like some progress is finally being made, but that doesn't really help furloughed government employees pay their bills. To help out a little, Nissan and Toyota are joining Hyundai with offering payment deferments to current owners and lessees.
You remember Zach Bowman, right? Formerly-of-Autoblog Zach? Project Ugly Horse Zach? Now-at-Road-and-Track Zach? That's the guy. Mr. Bowman is still terrifying the peoples of Tennessee with his machinations, and sent us a link to this report about how he's handling the government shutdown. Even before we clicked we knew that a demonstration of civil disobedience might be involved, and a motorcycle. And we were right. Upon hearing this nation's park system had been shuttered and the national fore
Semi-trucks and their drivers are the lifeblood of our economy, hauling all the goods we use on a daily basis. A group of such truckers have decided to stage a protest against many of the current practices of our government. This weekend, the Ride for the Constitution (formerly called Truckers to Shut Down America) will lead a convoy of trucks to Interstate 495 around Washington, D.C. where they will drive 55 miles per hour taking up all lanes of traffic.
The US government's shutdown may have an adverse effect on vehicle recalls and safety testing, according to a report from AOL Autos. Complaints can still be submitted to the National Highway Traffic Safety Administration, but nothing will actually be done about any of these submissions or any ongoing investigations until the agency's funding returns, NHTSA said in a statement.
Since the US government shut down early this morning, more than 800,000 federal employees could be furloughed without pay until a deal is reached to start the government back up. To help affected employees cope with the temporary layoffs, Hyundai is expanding its Assurance program to defer all of their auto loan or lease payments until they're called back to work.
Last week, the government avoided a costly shutdown by cutting $38 billion from the 2012 federal budget. The American people are just now hearing what those cuts consist of, and it appears the auto industry and industry regulation have been affected.