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8 fastest depreciating cars in America

Getting a new car is an amazing experience. The fresh new scent, the barely touched interior, the double digit miles on your odometer, and... the depreciation once it leaves the car dealers lot? Maybe not that last one. To save you from the hurt of a quickly depreciating new car, we collected 8 of the fastest depreciating cars in America. And here's a surprise, one of them is a Toyota. Learn more at Autoblog.com Cadillac Infiniti Jeep Kia Lincoln Toyota Autoblog Minute Videos Original Video jeep compass cadillac xts infiniti q50 camry q50

Momkhana goes drifting with a V8 minivan in the 'burbs

Ken Block probably never expected that he would launch countless imitators when he released Gymkhana years ago, but by now we've seen the concept broadened for everything from toy cars to Crazy Carts. The latest parody is Momkhana, and it moves the setting to the suburbs for a trip to the shoe store. Before you completely write off the idea, though, keep in mind the vehicle making the commute is a drift-happy, rear-wheel drive Toyota Sienna boasting an LS3 V8 with an estimated 550 horsepower. The significant increase in muscle certainly makes a drive to the strip mall a lot more entertaining. In addition to the engine transplant, the minivan gets a massive handbrake to allow for big slides through the neighborhood. The clip replicates many of the classic stunts from Block's Gymkhana videos but in new, rather absurd surroundings. So instead of long, smoky donuts in a warehouse, they happen at the end of a cul-de-sac. If you're curious to see how the video was done, Famous Footwear, which created the clip, also made a featurette showing off some of the van's preparation and filming behind the scenes. News Source: Famous Footwear via YouTube, Carscoops Toyota Minivan/Van Performance Videos gymkhana toyota sienna

Japan may aid carmakers facing U.S. tariff threat

TOKYO — Japan is considering giving carmakers fiscal support including tax breaks to offset the impact from trade frictions with the United States and a sales-tax hike planned for next year, government sources told Reuters on Wednesday. Going into a second round of trade talks with the United States on Sept. 21, Japan is hoping to avert steep tariffs on its car exports and fend off U.S. demands for a bilateral free trade agreement that could put it under pressure to open politically sensitive markets, like agriculture. "If the trade talks pile pressure on Japan's car exports, we would need to consider measures to support the auto industry," a ruling party official said on condition of anonymity because of sensitivity of the matter. The auto industry accounts for about 20 percent of Japan's overall output and around 60-70 percent of the country's trade surplus with the United States, making it vulnerable to U.S. action against Japanese exports. Japan's biggest automakers and components suppliers fear they could take a significant hit if Washington follows through on proposals to hike tariffs on autos and auto parts to 25 percent. Policymakers also worry that an increase in the sales tax from 8 percent to 10 percent planned for October 2019, could cause a slump in sales of big-ticket items such as cars and home. Prime Minister Shinzo Abe has twice postponed the tax hike after the last increase from 5 percent in 2014 dealt a blow to private consumption, which accounts for about 60 percent of the economy. To prevent a pullback in demand after the tax hike, the government may consider large fiscal spending later when it draws up its budget for next year, government sources said. "One option may be to greatly reduce or abolish the automobile purchase tax," one of the government sources said. The government is also considering cuts in the automobile tax and automobile weight tax to help car buyers, the source added. Reporting by Izumi Nakagawa and Tetsushi KajimotoRelated Video: Image Credit: Getty Government/Legal Isuzu Mazda Mitsubishi Nissan Subaru Suzuki Toyota Trump Trump tariffs trade