You know the economy is bad when a house given away for free by ABC’s “Extreme Makeover: Home Edition” is headed for foreclosure. While we hear a lot about the mortgage mess, there’s also big trouble afoot in the auto loan industry.

Turns out, Detroit’s Big Three want out of the car leasing business. Chrysler announced it first, then three days later, both Ford and General Motors leaked word that they, too, were backing away from leasing. This is a sea change in auto buying.

Since the early 1990s, leases have allowed consumers to take possession, albeit temporarily, of cars they couldn’t afford to buy. Automakers were thrilled because leases allowed them to expand the pool of potential buyers; created constant demand for new cars; and they were hugely profitable. After charging someone rent on the car for a couple of years, the automakers would take the car back and sell it used for a hefty profit.
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Product Features

Double your trunk space and keep your gear high and dry. Waterproof soft-sided car top carrier is made of durable, leak-proof coated vinyl material. Adds over 15 cubic feet of storage. Mounts to any roof rack; all mounting hardware included.

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Drivers in the UK should be paid to switch their gas-guzzling vehicles for greener models, it has been claimed.

The government is looking into ways to get motorists to swap their environmentally-unfriendly cars for eco-conscious ones, which could also save drivers in road tax costs.

Car credit customers driving vehicles currently in Band F - including the Citroen C8, Renault Espace and VW Passat can expect to pay up to £455 in tax by 2010.

However, Conservative Party member Tim Yeo has commeneted that the government needs to make sure its plans do not victimise certain driving demographics.

“The Treasury must also work to ensure these changes are not unfair to vulnerable groups. This includes looking at paying people to trade in their existing high-emission cars,” he said.

Meanwhile, the Guardian has reported that Nissan is currently developing a foot pedal which pushes back on motorists’ feet when it detects poor fuel efficiency in the vehicle.

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Product Features

Product Description
Constantly monitors the battery without the damaging effects of trickle chargers (a trickle charger will eventually boil dry or overcharge a battery) Battery Tender Plus` voltage output compensates for temperature changes; providing additional protection Initial charge brings battery to full charge at approximately 14.2 volts After full charge is reached; converts to float charger and monitors battery at 13.2 volts Although a constant charge is being applied to the battery; there is little or no current draw (approx. 10 milliamps) Periodic maintenance is recommended; but Battery Tender can monitor a battery for years without the fear of boiling or destroying the battery Optional pouch for safe and easy storage or transportation 12V Battery Tender Plus has fused quick-disconnect rings with a weather cover Black snap cord available separately; PART #08100696 Pouch available separately; PART #500-0017X Photo`s are for reference only. Please read item title carefully.

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Car insurance premiums will continue to rise, Admiral has claimed.

The car insurance provider made the comments as a part of its latest profit declaration, which show that the firm’s net income rose by 16 percent for the first half of 2008. This means that Admiral has earned over £100 million since the beginning of 2008.

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Guangzhou Honda Accord were sale 17,191 units in july 2008

While China’s passenger vehicle market began to slide in July, Guangzhou Honda, a joint venture between Guangzhou Auto and Honda Motor, bucked the trend by selling 30,148 vehicles, up 57.09% over the previous month, said xinhuanet.com today.

Of the top 15 Chinese makers of passenger vehicles by sales in July, only Guangzhou Honda sold more vehicles over June, and the nearly 57.1% growth rate shows the company is gathering strong sales momentum. Industry experts said that this extraordinary achievement is mostly attributed to the good sales of the 8th-generation Accord sedan and the all-new Fit sedan.

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VW Golf mk. VI was leaked before paris motorshow.

2009-volkswagen-golf-mark-6-sneak-preview

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Product Features

Accutire’s programmable digital tire gauge is an easy-to-use, multi-featured gauge with an extra large, blue, backlit LCD screen and ergonomic styling. It measures PSI from 5-99 pounds in 0.5-pound units, and includes the patent-protected Set Point programmable feature which allows for recording the factory-recommended tire pressure for both front and rear tires. Other helpful features include a white LED flashlight to make checking tire pressure at night or in the garage a cinch; an audible pressure signal; auto off; and a five-year manufacturer warranty.

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Technical Details

• 3.5″ Qvga Display
• Sleek, Pocketable Form Factor
• Internal Antenna
• Coverage includes: Continental U.S., Hawaii,and Puerto Rico.

Navigate without breaking your budget with nüvi 200. This affordable entry-level personal travel assistant comes with preloaded maps for the continental U.S., Hawaii, and Puerto Rico. For even more mapping options, nüvi 250 features preloaded maps for all of North America, while the transatlantic nüvi 270 includes preloaded maps for both continents. Like all nuvi 200-series members, the 200 features an easy-to-use colorful touchscreen and ultra-slim design–perfect for everyday navigation.

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