Latest Car buying News

Used luxury or fully-loaded new car? Edmunds weighs both

Jul. 17, 2019 6:15 AM EDT

The luxury vehicle of your dreams might now be something you can afford, thanks to a record high number of lease returns hitting the used-car market. This trend has widened the price difference between a new vehicle and a 3-year-old used one, according to Edmunds transaction data. Consider this scenario: You're...

Lee Iacocca, engineer of Chrysler's turnaround, dies at 94

Jul. 3, 2019 12:20 PM EDT

DETROIT (AP) — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler executives who worked with him, Bud Liebler, the...

Car buyers' best cost-saving move: shop for a loan first

Jun. 6, 2019 10:41 AM EDT

With the cost to own a new vehicle rising, it's more important than ever to consider what you'll pay for a car loan and to shop for the best interest rate. The average new car loan interest rate reached 5.5% in 2018, up about one percentage point from the previous year, according to Ben Bartosch, J.D. Power's...

Edmunds: Discontinued cars offer value but should you buy?

Jun. 5, 2019 9:59 AM EDT

For 2019, it's the end of the line for some notable Ford and General Motors sedans. And as a result, dealers will be slashing prices to try to move these discontinued models out of their inventory. Savvy consumers can take advantage and get one of these overlooked cars at significant savings. Going with a...

German government expands electric car incentive program

May. 31, 2019 6:43 AM EDT

BERLIN (AP) — The German government is extending a system of incentives to buy electric cars by 18 months until the end of 2020. The program launched three years ago was supposed to expire at the end of June, but demand for electric cars has remained disappointing. It is backed by a 1.2 billion-euro ($1.3...

Suspect found guilty in police officer's 2010 shooting death

May. 23, 2019 10:30 PM EDT

CHICAGO (AP) — A man who bragged about killing an off-duty Chicago police officer during an armed robbery was found guilty Thursday of first-degree murder. Antwon Carter, flanked by sheriff's deputies, shuffled calmly out of Cook County Circuit Court after he was convicted of the 2010 murder of Officer...

Edmunds: This summer's best car deals are used cars

May. 22, 2019 6:16 AM EDT

Although summer doesn't officially begin until late June, many people see Memorial Day weekend as the de facto start of summer. That's certainly true of car dealers, who take the opportunity to kick off summer car shopping with plenty of promotions and American flags. Most of the advertising hubbub will focus on...