Dealers are looking to move inventory to make way for new models. Consumers have one other advantage: Americans are keeping their cars longer, and that means fewer total buyers with lots of new vehicles to choose from.
Both the House and the Senate were in session Sunday evening, but a bipartisan push by Senate leaders fell short. Monday is the last day to avoid the tax hikes and spending cuts, though Congress may still reach a deal over the next few days.
Europe spent much of this year trying to hold its common currency pact together. Greece, Spain, Italy and other countries flirted with disaster as interest rates spiked, forcing the debtor nations to accept austerity programs. The turmoil was bad enough to push much of the eurozone into recession.
Superstorm Sandy is what most people will remember from the 2012 Atlantic hurricane season. But Sandy was just one of 10 hurricanes this year during a season that was both busy and strange. From an El Nino that never materialized to meandering tropical storms, meteorologists were baffled.
This year's weather will be one for the record books; 2012 is slated to be the hottest summer on record. "We've already passed all kinds of tipping points," environmentalist Bill McKibben says. He's wondering if President Obama will take a different approach to climate change in the coming year.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.