This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Auto Recall of Long-Gone Jalopies

Stocks in this article: TM GM

Today we have a video and seven articles on cars and car stocks.

Will Hipsters Buy Cars?
The New General Motors Is Taking on the World
Investing in Global Demand for Cars
My Favorite Machine: Scion xB
Gen Y Hates Cars
Keep Your Town Car, Trade In Ford Stock
I May Buy Tesla but Not the Stock
Tesla: Missing a Chance on Another DeLorean

NEW YORK ( TheStreet) -- Next to buying a house, buying a car is one of the biggest investments the average person will make. The similarities include new sticker shock and the ongoing money hole that comes with old houses and used cars, not to mention endless payments. We may someday see a 40-year "mortgage" on your new gas guzzler.

My one-time boss summed up life and cars: "During a man's lifetime, he will need one true love, two doctors, three dogs, 16 cars and 128 tires." If he's right, I've had too many dogs and not enough cars, although it could be argued that a few of those cars were dogs.

You hardly ever hear someone talking about their worst car ever. That's usually thanks to the greater fool theory with which all investors become familiar. But ask someone, any guy especially, about his favorite car and be prepared for a dissertation on that old beauty that ran like gold and never had a problem until, oh, fill in in the fate: It was stolen, or T-boned, or didn't fit with a growing, or shrinking family.

The first car I bought with my own money was when I paid $250 for a 1963 VW Bug, in 1972. I wanted that old, gray car so bad that it didn't matter that I couldn't handle a clutch or drive a shift. Before I could move it anywhere, I sat in the driveway and cranked the canvas sunroof open and closed!

And 41 years later, I'm on my ninth car, as near as I can remember.

That gray Bug got me through my senior year, and to my first job, at $2.25 an hour, until I traded it up for a '71 semi-automatic M&M-orange-colored Bug, which I drove until an icy road and my forehead turned the windshield into a mosaic.

I graduated to a '75 Datsun B210. It was M&M green. When it was new, we drove it to Indiana and almost made it home when we had a blowout in the front-left tire, about 5 miles from home, on a giant hill near "Pleasant Valley Way on a Sunday," in West Orange, N.J. Carole King never wrote a song about a Datsun, but it wasn't that far removed from a lawn mower.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs