Vehicle Fuel Efficiency Update

Columbus Scrap Cars is a junk car buyer in the buy my junk car business in greater Columbus, OH. We offer cash for scrap cars and other auto junk throughout Valleyview, Montgomery and Brice, OH. What is the price for a wrecked car in Lake Darby, Westerville, or Huber Ridge? The junk car prices do fluctuate; therefore, we encourage you to call us for a junk car quote.

On May 25, 2016 Marc Gunther of Green Biz authored an article titled ‘Is automobile fuel economy hitting a dead end’ with the following information: “Five years ago, Barack Obama announced an agreement to boost fuel economy & reduce greenhouse gas emissions for cars and trucks; the goal is by 2025 to have average fuel economy of 55 MPG. The prediction that these rules would save over a trillion in overall fuel costs. The government attempt to curb climate emissions & oil imports is strong. The government’s calculations take into consideration adjustments & credits from electric cars, flex-fuel vehicles, energy-efficient air conditioning & solar panels. Automakers get credits for exceeding the standards in which can be banked & traded, creating a million dollar market.

Cheap gas makes it hard to achieve fleet-wide efficiency and emission reductions because the sales of trucks & SUVs are surging. Perhaps most important, the rules are to be reviewed during a mid-term evaluation that begins in June and concluded in April 2018, long after the next president can influence the policy. At stake is nothing less than Obama’s legacy regarding climate change. Manufacturers have introduced lighter materials, turbo engines, new transmissions, additional smaller engines and more aerodynamic options. These improvements may still fall short of the administration’s projections.

In the US, the fuel economy for all cars and light trucks from the 2014 model years was 24.3 mpg, according to EPA, using the mileage estimates. But for CAFE purposes, the average for 2014 was about 31 MPG after all the regulatory credits and adjustments were considered. The good news: That 24.3-mpg average is the highest level recorded, up by about 26% since 2004. The not-so-good news:  it was the same from the 2013 model year. That’s because fuel prices began their large decline through 2014. Since then, predictably, buying patterns dwindled among small cars, hybrids & electric vehicles and toward SUVs & trucks. This has slowed the fleet-wide progress even as most cars have become more fuel efficient.

One reason consumers choose gas-powered engines over alternative powertrains, such as hybrids, is that gas-powered engines have become more efficient. But another reason, according to the Safe Climate Campaign, is the $15B in advertising spent from the auto industry that year.

Chrysler has been Tesla’s biggest customer. At first glance, it may seem peculiar to have Chrysler buyers subsidize the purchases of Tesla’s $100,000 luxury cars, but that’s the way CAFE is designed to work. The idea is to penalize companies that sell less-efficient vehicles, reward innovation, and reduce the price of cleaner, more efficient cars.

The standards require fuel consumption and emissions to fall by about 50% of 2012 levels by 2025. When mid-term review of CAFE begins this summer, automakers are expected to seek credits for safety improvements, such as autonomous braking, which, in theory, will prevent accidents, reduce congestion and thus save energy & limit emissions. Environmentalists want tougher rules. Would it be easier to impose a price on carbon or raise gasoline taxes? This would steer consumers to buy more efficient cars, drive less and walk, bike or take public transport instead. By contrast, CAFE doesn’t account for the so-called “rebound effect”, that some efficiency gains are offset by more usage. If cars are at 40 MPG, that people would drive more.” The complete article is available here.

Who can buy my junk car?

We will remove your auto junk and pay you cash for scrap cars in the areas of Dublin, Madison, and Gahanna, OH. Our junk car buyer is on-hand to provide you a quote 6 days a week in Franklin, Grandview Heights, and Minerva Park, OH. Those in Grove City, Jefferson, or Hilliard wanting to know the price for a wrecked car or unwanted vehicle should call (614) 715-5005. As an eco-conscious organization buying scrap vehicles in Jackson, New Albany, and Galloway, we do our best to preserve and reuse as much material as possible. Residents of Hamilton, Pickerington, Reynoldsburg, can rest-assured that their vehicle will be recycled in an eco-friendly manner.

Scrap Vehicle Title Loans?

Scrap Vehicle Title Loans?

Are you wondering where to receive cash for scrap cars with damaged vehicle removal and junk car towing? It is as simple as calling our junk car buyer for a junk car quote and you can have cash for scrap cars today! The junk car towing, also commonly referred to as damaged car removal, is always included in our junk car quote price anywhere in Franklin County. We are a junk car buyer that provides eco-friendly scrap vehicle recycling throughout the areas of Urbancrest, Valleyview, and Blendon. Our cash for junk cars program is now available in Bexley, Dublin, and Gahanna. We buy cars in any condition now in the regions of Grove City, Groveport, and Hilliard.

Our next topic examines a controversial topic that preys on individuals who are often unable to manage their personal finances or are experiencing troubling economic setbacks. The dreaded car title loan shops have appeared virtually “overnight” in this country. As laws have tightened the profitability of the payday loan lending business, it appears that these arguably predatory lenders have emerged. On January 28, 2016 an article composed by Susan Tompor of the Detroit Free Press titled ‘High-risk auto title loans blocked’ informed us of the following: “A fight to stop collections on auto title loans in MI continued with the granting of a preliminary injunction against an outfit DBA Liquidation LLC. Michigan AG Bill Schuette says the Ingham County Circuit Court issued the injunction to stop collections related activitities on illegal title loans to consumers.

Over (400) people took loans borrowing against their cars, which included high interest rates from 161% to 251%. The amounts of the loans ranged between $1K-5K and are secured using customer’s vehicles. Vehicle title loans aren’t permitted in MI, as they have high rates & risk of losing one’s car. This company does business as Vehicle Liquidation, Auto Loans, Car Loan, Sovereign Lending and more. Those with these loans who had their vehicle repossessed should contact the Michigan AG Office, who is working with the Secretary of State & the courts helping consumers with this debt to clear their titles. Schuette says he’d move for a default judgement — which would cancel these debs. A lawsuit alleges that Liquidation provided unlawful such loans and isn’t authorized for business in MI. The loans, done through online applications, resulted in possession of the vehicle title & installation of GPS tracking devices on the borrower’s vehicle.” The full article is available at this link.

Next we venture across the country to Arizona, where these title loan outfits are on the verge of being exterminated as well. On January 26, 2016 in the azdailysun.com an article titled ‘Car title loans worse than payday lenders’ was posted by Howard Fischer with the following details: “Rep. Debbie McCune Davis, says the interest rates charged to consumers are abusive, and the title loans are sometimes worse because there is no limit on the amount that can be borrowed. She wants to require title lenders to have the 36% annual interest cap that applies to other lenders. A report says the title lending industry has exploded in AZ since 2008 to include over 600 lenders. State law says any interest rates over 36% are illegal usury. Ms. Davis thinks that if there is too much risk to lend at 36%, then perhaps the loan shouldn’t be made. The story can be read in its entirety here.

In the US today people are simply living beyond their means. In our society we borrow for homes, cars, furniture, electronics, vacations and so much more. According to my research over 70% of US consumers have a credit card. Meanwhile, “26% of 50-to-54-year-olds have no retirement savings”[1]. For whatever reason, financial instability seems to be the norm in the US these days. I am not sure whether it is a lack of hard work or simply the idiotic spending habits among Americans, but those taking these title loans are essentially reaching out to the lender of last resort.

Columbus Scrap Cars is currently offering cash for scrap cars in the cities of Lockbourne, Marble Cliff and Minerva Park. Those seeking junk car buyer services and junk car towing in Brown, Clinton, or Franklin, should contact our junk car buyer for a junk car quote today. The process of damaged car removal and cash for scrap cars is much easier than you may think. Contact us for a junk car quote and we will be on our way to retrieve your vehicle. Residents of Hamilton, Jackson, and Jefferson are encouraged to call (614) 715-5005 to scrap a car for cash. We buy wrecked cars and totaled vehicles 6 days a week in the areas of Madison, Mifflin, and Norwich. Scrap vehicle hauling is available in Perry, Plain, and Pleasant Prairie for those wishing to obtain cash for an unwanted vehicle.

 

[1] http://www.cbsnews.com/news/shocking-number-of-americans-have-no-retirement-savings/