For most consumers, the main point of buying a used car is to save money off the cost of a new one. The average transaction price for new cars was $48,510 as of April 2024, according to Kelley Blue Book.
The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.
Grisham served as executive vice president and CEO of the association starting in 1996. He previously served in the Missouri House of Representatives and as the Missouri Motor Vehicle Commission director.
A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices increasing by 2.2% to $48,510, the highest prices since December 2023.
Trader Interactive has doubled its boat inventory and dealer partnerships over the last 12 months, upgraded features for both consumers and dealers, and changed its name from Boatline to Boatmart to better reflect the platform’s purpose.
The last two editions of the Motorsports Hall of Fame of America’s annual Induction Celebration have sold out but it is not too late to purchase tickets for next month’s two-day 36th MSHFA Induction
General Motors is recalling certain 2020-2024 Chevrolet Silverado 2500, 3500, GMC Sierra 2500 and 3500 vehicles equipped with power-unlatching tailgates.
Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D. Power 2024 U.S. Vehicle Dependability Study, released today.
Car shopping marketplace Cars.com announced the winners of its annual Best Of Awards, which recognize the top vehicles in six categories:
The growth of Cox Automotive’s global EV battery service network in the Southeastern United States comes at a time of rapid EV growth in the state of Georgia, with EV facility investments from various automakers and battery manufacturers.
Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022.
Tesla is recalling almost 2.2 million vehicles — nearly all of the cars that it has sold in the U.S. — because the font size is too small on its instrument panel for its brake, park and antilock brake system warning lights.
Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark.
Vroom, an e-commerce platform for buying and selling used vehicles, is discontinuing its online operations and winding down its used vehicle dealership business in order to preserve liquidity and enable the company to maximize stakeholder value through its remaining businesses.
United States and California Announce Diesel Engine Manufacturer Cummins Inc. Agrees to Pay a Record $1.675 Billion Civil Penalty in Vehicle Test Cheating Settlement
Jonathan Smoke, Chief Economist at Cox Automotive, has forecasted that this year could be the most favorable for purchasing a new vehicle since the pre-pandemic era.
Denton County Fire responded to a large fire at a car auction facility Sunday morning.
Both new and used car purchases were expensive for drivers this year, as limited inventory and high borrowing costs affected affordability.
Experian has released new data showing that the average loan amount for both new and used vehicles decreased in the third quarter of 2023.
GM bought out about half of its 2,000 Buick dealers over the last year as part of the voluntary buyout program