Example of Regulations Destroying a Business
I have a client who is in the trucking industry. He owns about 75 larger shipping trucks. Due to the MPG regulation changes it now costs 50% more to purchase a brand new truck than it did in 2008. He refuses to purchase brand new trucks and only buys older ones. He is not the only one in the industry doing this, which now places a premium on older, less fuel efficient trucks.
Part of the reason he steers clear of new ones is the cost. The other reason is that new trucks use untested technology. He doesn't want to shell out 50% more up front and then have higher maintenance costs on top of that. Any other stories similar to this out there?
Part of the reason he steers clear of new ones is the cost. The other reason is that new trucks use untested technology. He doesn't want to shell out 50% more up front and then have higher maintenance costs on top of that. Any other stories similar to this out there?
ONE
BIG
ASS
MISTAKE
AMERICA
So a small car now costs more to buy than a light truck does. If that does not add evidence to your case I do not know what would.