Female car ownership up 21% in 10 years - rising at twice the rate of men
Female car ownership is at a record high, according to new figures revealed by the motor industry on Monday.
Some 11.8 million women were registered keepers of vehicles in the UK at the end of last year, which was 21 per cent higher than in 2007, the Society of Motor Manufacturers and Trader said.
That means that female car ownership has risen twice as fast as male ownership, despite women having previously said they feel the motor industry often under-represents and alienates them, ranging from vehicle advertising to buying in dealerships.
Female car ownership is at a record high, according to new stats revealed by the Society of Motor Manufacturers and Traders
With 34.7 million cars on the UK's roads, more than a third are owned by women, the SMMT's figures revealed.
Male vehicle owners were up 10 per cent over the same period.
The SMMT's new study also highlighted other facets of information regarding how vehicle ownership is diversifying in this country.
It found that more drivers are buying cars with automatic gearboxes than before - rising 71 per cent between 2007 and 2017 - a wider selection of brands and models being bought than before.
Smaller models continue to make up the bulk of the UK’s vehicles, however the 90 per cent rise in SUV purchased in 2017 compared to 2007 show a clear shift being made to multi-purpose models.
This upswing in women buying cars comes in spite of indications that the automotive sector continues to overlook the female audience.
But despite being influential in buying decisions, less than a third of women said they thought car advertising was aimed at them and spoke to them as customers.
In contrast, 46 per cent of the men surveyed believed that existing car ads succeeded in communicating a message to them.
The female members of the panel said they generally felt more misrepresented by the auto industry than men did - and even the male respondents agreed that manufacturer content and campaigns were targeted at them more than the opposite sex.
Similar issues filter into the buying process itself.
The survey said women were more likely, on average, to find a dealership experience daunting - just 22 per cent of women said they felt confident about going to buy a new car compared to 42 per cent of men.
A recent Daily Mail study found women felt they were being overlooked by car advertising
Women tend to find motor adverts less useful, less representative and less appealing than men
Commenting on the research findings, Mike Hawes, SMMT chief executive, said the new analysis should be used by car makers and dealers to 'help them adapt to changing consumer behaviour in the future', suggesting showrooms should start shifting their attention to better cater for a female audience.
He added: 'Consumers are enjoying greater freedom and mobility than ever before, which along with greater reliability and improved fuel efficiency, make owning a car a more attractive and affordable option for millions of people.
'With every new model launched, more motorists are benefitting from more advanced technology. From innovative safety systems such as autonomous emergency braking and adaptive speed control, to state-of-the-art infotainment and comfort features, including heads-up navigation, heated seats and air-con, in-car WiFi and greater connectivity.'
Some 11.8 million of the 34.7 million UK cars on our roads are owned by women, the stats show
• In 2017 the UK’s most popular cars were the Ford Fiesta (1.5m), followed by the Ford Focus (1.4m) and Vauxhall Corsa (1.2m). This compares with a top three in 2007 of the Ford Fiesta (1.3m), followed by the Vauxhall Astra (1.2m) and Vauxhall Corsa (1.1m).
• Some top-selling cars from the eighties are still going strong on the roads today, including 2,089 Ford Sierras, 506 Vauxhall Cavaliers and 228 Austin Maestros.
• Birmingham has the most pure electric and plug-in cars in the country – 8.7 per cent of the national total.
• Worcester has more British-built cars on the roads than anywhere else, while Bridgend has the fewest.
• Milton Keynes is home to the greatest number of specialist sports cars, including brands such as Aston Martin and McLaren.
• Looking at unusual colours, Leicester has the highest amount of pink cars in the country.
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April 16, 2018
Sources: Daily Mail
hear: should I prioritize paying down debt or building up savings?</p><p> Americans have a cozy relationship with debt — student loans, credit cards and car loans are commonplace. The Federal Reserve said that consumer borrowing rose $24.5 billion in May alone to hit almost $3.9 trillion. And that doesn't include mortgage or real estate-secured debt, like home equity lines. Add rising interest rates to that mix and you've got quite the budget burden.</p><p> Debt can help advance your life, for example by paying for an education to get a job or buying a car to get to work. But paying it back also uses up money that could be set aside for emergencies, retirement or other expenses. Research shows most Americans are ill-prepared to face a minor financial hiccup, let alone the cost of retirement.</p><p> So how do you meet these competing demands? We talked to a few financial experts for their tips.</p><p> First, take a good look at what you're up against. How much debt do you have and at what interest rates? How much savings do you have? Other questions to consider, according to SoFi certified financial planner Alison Norris, include: are you only making minimum payments? Are your finances a source of stress in your life?</p><p> Then look at your budget - knowing how much money you have to work with will help you figure out what is feasible moving forward, said Charlie Bolognino, a certified financial planner in Bentonville, Arkansas. The budget is the key to unlocking solutions.</p><p> "We hear we are supposed to do all these things with money — save it, spend it, invest it and get out of debt — but there's only so much money to go around," said Bolognino.</p><p> A successful plan will address both debt and savings in concert, to make the most of the money you do have. It's not about focusing on one issue then moving on to the next, but rather a matter of determining where your spending priority is, said Bruce McClary of the National Foundation for Credit Counseling.</p><p> A rule of thumb is to allocate 20 percent of your take-home pay to savings and debt payments. How you divvy that up will depend on your priorities.</p><p> One thing the experts agree on: make emergency savings a top priority. Don't worry about getting several months of savings set aside. Even $500 can provide peace of mind. This allows you to handle life's unexpected emergencies, like a car repair or lost cell phone, without further running up debt.</p><p> Tackling your highest interest rate debt needs to be near the top too. The average interest rate on credit cards is around 17 percent and more interest rate hikes are anticipated in the near future, according to McClary. Compare that to the single-digit interest rate you might get from a standard savings account and it's an easy decision.</p><p> "It's the best time ever to not carry a balance," he said.</p><p> Calculate how long it will take to pay off your debt — knowing that date will remind you there's light at the end of the tunnel.</p><p> Then think about your lower-interest rate debt like federal student loans. While it may be tempting to turn your back on longer-term savings, don't - that is just trading today's financial ruin for another down the road. Don't overlook opportunities for workplace retirement savings accounts, particularly if your employer matches your contribution. Failing to give at least the amount up to that level is like leaving money on the table, said Paul Golden of the National Endowment for Financial Education.</p><p> Some employers may have additional benefits to help with saving or paying down student loans. Pharmaceutical company Abbott Laboratories recently rolled out a unique program that makes a 5 percent company contribution to the 401(k) of employees who contribute 2 percent of their pay toward their student loans. That helps them reach both financial goals of retirement savings and student loan repayment.</p><p> If you find you simply cannot make minimum payments on your debts or have exhausted your financial options, reach out for help through a nonprofit credit counseling organization.</p><p> "There's a point when you can't go it alone anymore," McClary said.</p>
sion.</p><p>National Economic Council director Larry Kudlow painted a rosy picture of the economy Wednesday — even as the US is embroiled in the beginning of a trade war.</p><p>“There’s no recession in sight right now,” Kudlow said at an investor conference in New York.</p><p>In fact, while some think that the booming post-recession economy is on its last legs, Kudlow sees the good times rolling for several more years — and perhaps getting even better.</p><p>“It is possible that a, quote, real business growth cycle is right there in front of us for the next four, five, six years,” Kudlow said.</p><p>Kudlow’s bullishness stems from the possibility of an unprecedented capital spending boom, the return of capital to US from Europe and China at levels unseen since the 1990s.</p><p>“We have been in a growth recession since the middle of 2009,” Kudlow said, referring to years of tepid 2 percent GDP growth since the Great Recession.</p><p>What Kudlow envisions in the coming years is a “full-fledged recovery,” where GDP could exceed 4 percent for a quarter or two.</p><p>“Don’t be gloomy and doomy in an overboard sense,” Kudlow said.</p><p>Kudlow’s remarks, delivered at the CNBC Institutional Investor Delivering Alpha Conference, come as many from Wall Street to Washington have said the economic recovery — in its ninth year — is long in the tooth.</p><p>A more volatile stock market and trade war worries have accelerated concern that the end of the boom times is near.</p><p>Earlier this month, the US and China levied tariffs of $34 billion on each other’s goods, with the Trump administration threatening more tariffs in response to what it says is China’s theft of US intellectual property.</p><p>The ball is now in President Xi Jinping’s court to end the tit-for-tat nature of the brewing trade war, Kudlow said, adding that his sources indicate that many in China want a deal to be made.</p><p>“President Trump inherited this mess and a broken trading system … He sees himself as a free trader, people don’t get this. Don’t blame Trump, blame China,” Kudlow said.</p><p> News Corp. is a network of leading companies in the world of diversified media, news, and information services. </p>
the first hour of Prime Day? Amazon's not saying, but the outage shows that online shopping is not yet an infallible replacement for brick and mortar. </p><p>The 36-hour sale launched at noon Seattle time on Monday and immediately there were problems that kept users from using three Amazon channels — the Amazon.com website, the mobile shopping app and the digital voice assistant. </p><p>The glitch was embarrassing but wasn't likely to put much of a dent in Amazon's sales for the event, analysts said. Zentail, an e-commerce operating system, estimated that as of midnight Tuesday Seattle time, Amazon had sold $3.5 billion worth of goods. Amazon shares hit a record high Monday and Jeff Bezos became the richest man in modern history, assuming bragging rights once held by Bill Gates.</p><p>The problems of the world's second largest e-commerce provider during its much-hyped sale are a reminder that despite more than 20 years of growth in online sales, the shift to the Internet is not trouble-free.</p><p>It’s not uncommon for retail sites to go down in times of high traffic. Certainly many companies experienced trouble during Black Friday and Cyber Monday in last year's holiday shopping season. </p><p>And last week YouTube went down in the middle of the World Cup soccer semifinal match between England and Croatia.</p><p>Sometimes those outages are simply a capacity issue – too many people trying to crowd onto a site that doesn’t have enough storage or computing power to accommodate the requests.</p><p>That seems unlikely given that Amazon owns AWS, the world’s largest and most popular cloud computing network, and could easily and quickly add more capacity.</p><p>"As the masters of highly-available, scalable public cloud infrastructure, I think we can hold Amazon to a higher standard," said Timothy de Paris, chief technical officer of Decibel, a digital analytics company.</p><p>That has led some to believe it was a data problem rather than a hardware problem, because it affected multiple parts of the Amazon system, including the home page and the add-to-cart button, and because it impacted both web and mobile appsacross much of the United States. What's more, the problem was intermittent. </p><p>“I won’t be surprised if it turns out to be some type of human error that used the wrong database or ran the wrong process on a data set, or something along those lines,” said Jason Goldberg, senior vice president for commerce at Publicis.Sapient, a consulting company that provides business, marketing, and technology services.</p><p>In a statement, Amazon said that it realized there had been issues. "It wasn't all a walk in the (dog) park, we had a ruff start," the statement said, alluding to the photos of cute but contrite dogs that appeared on its mobile app saying there was a problem.</p><p>Those problems persisted for much of the first hour of the sale and beyond for many users.</p><p>On Amazon.com it was not possible for many users to make purchases well into the second hour of the sale. Users could access their online shopping cart, but when they attempted to purchase something, they got a note saying, "Sorry, we're experiencing unusually heavy traffic. Please try again in a few seconds. Your items are still waiting in your cart."</p><p>When users attempted to click on the "Shop Deals by Interest" portion of the main page, the website only allowed users to click through to a page that said "Shop All Deals," which then took them back to the home page in an endless loop.</p><p>On smart phones, the Amazon app returned a photo of a contrite-looking dog and the words, "Uh-Oh. Something went wrong on our end." The app came back online after the website did, about an hour and 45 minutes into the sale.</p><p>Amazon's voice-operated digital assistant also malfunctioned. Alexa-only offers didn't come through for much of Monday afternoon.</p><p>When users asked Alexa for today's Daily Deals, the response said: "I've been busy today. All my deals are sold out. Check back later." </p>
es local):</p><p> Stocks are off to a mixed start as gains by industrial and financial companies are offset by energy and technology companies.</p><p> United Continental jumped 5 percent after reporting string quarterly results, but energy companies fell along with the price of crude oil. Chevron gave up 1.2 percent.</p><p> Railroad operator CSX rose 4.9 percent after beating analysts' earnings forecasts in its latest quarter.</p><p> The Dow Jones Industrial Average was little changed at 25,115. The Nasdaq composite fell 3 points, less than 0.1 percent, to 7,850.</p><p> Bond prices didn't move much. The yield on the 10-year Treasury held steady at 2.86 percent.</p>
merica to fix a gearshift problem that could cause the vehicles to roll away unexpectedly.</p><p> The recall covers certain 2013 through 2016 Fusion sedans and some 2013 and 2014 Escape small SUVs.</p><p> Ford says a bushing that attaches the shifter cable to the transmission can fall off. If this happens, the driver could shift into park but the vehicle could be in another gear. That could let the vehicle roll, increasing the risk of injury or crash.</p><p> The company says it doesn't know of any crashes or injuries. Ford is advising owners to use the parking brake.</p><p> Dealers will replace the shifter bushing at no cost. Owners will be notified by July 30. Parts should be available late this quarter.</p>
sion.</p><p>A National Labor Relations Board judge on Tuesday rejected McDonald’s proposed settlement of a major case on whether the fast-food company is accountable for alleged labor law violations by franchisees across the country.</p><p>The settlement proposed in March lacked important details and would probably not bring an end to the sprawling case that began in 2012, NLRB Administrative Law Judge Lauren Esposito in New York said in a written opinion.</p><p>The settlement would have allowed McDonald’s to avoid a ruling that it is a “joint employer” of workers at McDonald’s franchises and can be held liable when franchisees violate federal labor law and made to bargain with unions.</p><p>Illinois-based McDonald’s said in a statement that it was disappointed with the decision and was considering appealing it to the five-member NLRB.</p><p>The company said the proposed settlement “is fair, reasonable, and provides the opportunity now for full and complete relief to all current and former franchisee employees affected by the litigation.”</p><p>The company had agreed to pay between $20 and $50,000 to individual workers who claimed they were fired for taking part in nationwide protests calling for higher wages.</p><p>Fight for $15, a union-backed worker advocacy group that organized the protests, had asked Esposito to reject the settlement.</p><p>The group’s lawyer, Mary Joyce Carlson, in a statement on Tuesday said McDonald’s and the government agreed to the “sham” settlement “to hand the company a get-out-of-jail-free card for illegally harassing, surveilling and firing minimum-wage workers who joined together and spoke out for a better life.”</p><p>Fight for $15 filed dozens of legal claims on behalf of McDonald’s workers beginning in 2012.</p><p>A trial began in 2015. Esposito in January agreed to pause it so that NLRB General Counsel Peter Robb, an appointee of President Trump, could pursue settlement talks with the company.</p><p> News Corp. is a network of leading companies in the world of diversified media, news, and information services. </p>
tion in June as housing starts plummeted 12.3 percent.</p><p> The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June's pace of construction was the lowest since September 2017.</p><p> Housing starts plunged 35.8 percent in the Midwest and declined less severely in the Northeast, South and West.</p><p> Permits, an indicator of upcoming construction, also declined 2.2 percent in June from the previous month.</p><p> Still, the drop-off in housing starts might only reflect the volatile nature of the government's monthly construction report, rather than the beginning of a downward trend.</p><p> For the first half of 2018, a steady job market and a shortage of existing homes for sale has bolstered housing starts. New home construction has climbed 7.8 percent year-to-date.</p><p> Homebuilders are also relatively confident that the expansion will continue. The National Association of Home Builders/Wells Fargo builder sentiment index declined slightly to a reading of 68 in June. Any reading above 50 signals growth.</p>
sion.</p><p>Wall Street ended its earnings week on a high note on Wednesday as Morgan Stanley reported a 38 percent surge in profit, driven by double-digit increases in all its major businesses.</p><p>James Gorman’s bank, the smallest of the major Wall Street players, posted $2.4 billion in profit during the three months ending in June, up from $1.59 billion last year.</p><p>The surge was driven by a 40 percent increase in institutional securities trading profits, to $1.5 billion. Wealth management, one of the bank’s key areas following the financial crisis, also surged 36 percent, to $876 million.</p><p>“It is very hard to find anything to criticize in Morgan Stanley’s latest earnings,” Octavio Marenzi, CEO of consultancy Opimas, said in a statement.</p><p>“Morgan Stanley’s performance in sales and trading was particularly impressive, especially compared to rival Goldman Sachs.”</p><p>Shares of the bank had spiked as much about 3 percent, to $50.65, before markets opened.</p><p>Morgan Stanley’s earnings were the most unabashedly solid of the six major banks this quarter.</p><p>Almost all the banks reported higher profits and better revenues than analysts expected — but ended up seeing their share prices fall as investors found one thing or another to nitpick.</p><p> News Corp. is a network of leading companies in the world of diversified media, news, and information services. </p>
mping U.S. Treasuries in the months before his meeting with President Donald Trump.</p><p>Russia once ranked among the top ten foreign holders of U.S. Treasury bills, notes, and bonds. Not anymore.</p><p>A monthly U.S. Department of the Treasury report issued Tuesday showed that Russia in May fell below the $30 billion minimum necessary for inclusion on the government's monthly list of major Treasury holders.</p><p>The updated ranking showed China in its customary place as the top holder of U.S. Treasuries, followed by Japan, Ireland, Brazil and the United Kingdom. Other nations followed, with Chile just making the list at $30.2 billion in Treasuries.</p><p>Russia’s holdings dropped to $48.7 billion from $96.1 billion, according to government data compiled by Bloomberg.</p><p>Asked about Russia's departure, a government spokesman told Bloomberg the U.S. Treasury market is the world's deepest and most liquid and said demand remains robust. The spokesman also said the department doesn’t comment on individual investors or investments.</p><p>Russia signaled as far back as 2009 that it planned to reduce the percentage of Treasuries in its foreign exchange reserves.</p>
“spoken in anger” last week when he called British diver Vern Unsworth a pedophile in a now-deleted tweet, sparking public outrage and questions about a potential libel suit. </p><p> “My words were spoken in anger after Mr. Unsworth said several untruths & suggested I engage in a sexual act with the mini-sub, which had been built as an act of kindness & according to specifications from the dive team leader,” Musk said. </p><p> Unsworth told reporters on Monday he was considering legal action against Musk after the tech billionaire tweeted he was a “pedo guy” on Sunday. </p><p> The two got into a public war of words when Unsworth said Musk tried to carry out a "PR stunt" by sending a mini-submarine to aide divers in the rescue mission. </p><p> Unsworth also told CNN that Musk’s plan “had absolutely no chance of working,” and said he told Musk to “stick his submarine where it hurts.” </p><p> Authorities said Unsworth played key role in rescuing the soccer players and their coach from a flooded cave. </p><p>As this well-written article suggests, my words were spoken in anger after Mr. Unsworth said several untruths & suggested I engage in a sexual act with the mini-sub, which had been built as an act of kindness & according to specifications from the dive team leader.</p><p> Tesla investors urged Musk to apologize in an open letter on Tuesday, warning him that his actions were “shaking investor confidence.” </p><p> Gene Munster, a managing partner at venture capital firm Loup Ventures, said he wrote the letter on behalf of Tesla investors due to Musk’s “concerning” behavior over the last six months. </p><p> “The exchange with Vern Unsworth crossed the line. I suspect you would agree given you deleted the string from Twitter, but it will take more than that to regain investor confidence,” Munster, a longtime tech investor, wrote. “Your behavior is fueling an unhelpful perception of your leadership – thin-skinned and short-tempered.” </p><p> Musk acknowledged that his actions were unjustifiable. </p><p> “His actions against me do not justify my actions against him and for that I apologize to Mr. Unsworth and to the companies I represent as leader,” Musk said. "The fault is mine and mine alone.”</p>