ANN ARBOR — Michigan drivers may not feel it immediately, but the latest flare-up in Middle East fighting has once again put gasoline prices—and much of Michigan's economy—on an upward path. Oil prices jumped this week after renewed fighting between the United States and Iran reignited concerns that shipping through the Strait of Hormuz, one
LANSING - President Trump's 25% tariffs on imported cars took effect on Thursday. The import tax has already triggered big moves by automakers, from layoffs to pauses in car shipments to delayed price hikes. Then On May 3, the tariff will also apply to imported car parts, such as engines and transmissions, which could add
LANSING - The US government, just hours before the asserted midnight effective date, released notices imposing new tariffs on Canada and Mexico goods. These notices order the imposition of tariffs starting 12:01 am on March 4 under new section "9903.01.01" of the Harmonized Tariff Schedule of the United States. The Anderson Economic Group, LLC of
LANSING - Tariffs would be worse for the U.S. auto industry than a UAW strike, a notable Michigan economic group is predicting, and would harm the industry for a much longer period. Patrick Anderson, CEO of Michigan-based Anderson Economic Group, said Friday on an Automotive Press Association webcast that tariffs would add punishing costs for
LANSING - The United Auto Workers strike against General Motors, Ford Motor Company and Stellantis has dragged on for weeks, costing the US economy more than $5 billion and counting, says Patrick Anderson, CEO of Anderson Economic Group, in this video interview. For the first time, the UAW is not conducting pattern negotiations with one
LANSING - Because electric vehicle drivers avoid both Federal and State gas taxes, they pay only 70- to 80-percent of the cost paid by Michigan’s drivers of internal combustion engine vehicles, says Patrick Anderson, CEO of Anderson Economic Group in this video interview. AEG expects EVs to represent from 15- to 25-percent of new vehicle
ANN ARBOR - New vehicle prices in the past 12 months have soared 10 percent and used vehicle prices a whopping 37 percent, according to a new report from Anderson Economic Report. AEG's Christina Benton joins MITechNews.Com Editor Mike Brennan to provide details. More information at AEG You can read the report at MITechNews.Com https://youtu.be/wfBWJZ_Ey9Y
EAST LANSING - Anderson Economic Group has released the results of their recent analysis comparing new and used vehicle price increases to wage growth in the US private sector. AEG's experts analyzed US Bureau of Labor Statistics data related to the Consumer Price Index (CPI) to compare the cost of new and used vehicles relative
EAST LANSING - New geographic analysis by experts at Anderson Economic Group shows that, after little more than eighteen months, the retail cannabis industry has spread quickly across Michigan. “Over 80 percent of Michiganders now live within a 20-minute drive of an adult-use retail store,” said Brian Peterson, AEG director of public policy and economic
EAST LANSING - Growth in demand for legal cannabis products in the United States was slightly slower in November than it was in October. This continues a new trend of much softer demand growth than we saw in the spring and early summer, according to Anderson Economic Group’s monthly AndCan®Index. AEG’s experts produce this monthly measurement
