I need a new car. I recently had my fourth child, and while everyone fits in our current vehicle, one person must ride in the far back, which seems awfully vulnerable in case of an accident. The problem for my family—and millions of families like mine—is that new cars are expensive, and the government is making them more so. In fact, a recent report revealed that more stringent government regulations for cars’ fuel efficiency (what’s known as the “CAFE standard”) will raise the average cost of new automobiles by nearly $3,000. That will price millions of would-be buyers out of the new car market.
... more