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Average Price Gap Between New and Used Vehicles Surpasses $20K for the First Time Ever in Q3
Edmunds
New transaction and survey data from Edmunds highlights why many shoppers expecting to buy a new vehicle will likely turn to the used lot for their next...
5 days ago
What Is the Total Cost of Owning a Car?
NerdWallet
In its 2024 Your Driving Costs study, AAA says average ownership costs for a new vehicle driven 15,000 miles annually is $12,297 a year, or $1,024 a month.
2 weeks ago
Is Now the Time to Buy, Sell, or Trade-in a Car?
KBB
With higher interest rates, skyrocketing car insurance rates, and fluctuating car prices, find out what to expect in the market to buy, sell, or trade in a...
2 weeks ago
Average Auto Loan Interest Rates (November 2024)
MarketWatch
The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars.
3 weeks ago
Auto loan interest rates by credit score, and what your rate means for your wallet
CNN
The average auto loan interest rate in the second quarter of 2024 was 6.84% for new vehicles and 12.01% for used vehicles, according to Experian. However, the...
3 weeks ago
Study finds electric vehicle subsidies help the climate and automakers – but at a cost
Stanford Report
New research by a team of economists shows that electric vehicle tax credits under the Inflation Reduction Act (IRA) have decreased climate pollution and...
1 month ago
These Are the Best 0% APR Car Deals This Month
U.S. News & World Report
We count down the best zero percent financing deals available during October. With falling interest rates and improving terms, this is a good time to...
1 month ago
In Massachusetts, auto insurance rates are soaring. Here’s what you can do about it.
The Boston Globe
The cost of insurance has increased by almost 38 percent since the beginning of 2022, more than double the overall rate of consumer inflation.
2 weeks ago
Wholesale Used-Vehicle Prices Declined in September
Cox Automotive Inc.
Manheim reports wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) in the Manheim Used Vehicle Value Index.
1 month ago
When Will Auto Loan Rates Go Down? New Car Buyers To Benefit Sooner
CarEdge
The Fed is on track to lower the benchmark rate several more times between now and late 2025. By late 2025, we could be looking at average APRs dropping below 6...
2 weeks ago