Latest Car buying News

Man gets life with no parole in 1979 murder of Iowa woman

Aug. 7, 2020 5:58 PM EDT

CEDAR RAPIDS, Iowa (AP) — An Iowa man was on Friday sentenced to life in prison with no chance of parole in the 1979 murder of an 18-year-old high school student. Jerry Burns, 66, of Manchester, was arrested in Dec. 19 2018, 39 years to the day after Michelle Martinko was found dead in her parents’...

FILE - In this May 12, 2020 photo, Toyota's are shown on the lot of Mark Miller Toyota Dealership in Salt Lake City.  One of COVID-19′s impacts has been the reduction in interest rates, including those for auto loans. In June 2020, the average interest rate for new auto loans decreased to 4.2%, down from 6.0% one year ago, according to Edmunds. 
But Americans are buying more expensive vehicles, which means monthly payments have increased year over year. (AP Photo/Rick Bowmer)

Edmunds: With low interest rates, should you lease or buy?

Aug. 5, 2020 6:00 AM EDT

One of COVID-19′s impacts has been the reduction in interest rates, including those for auto loans. In June 2020, the average interest rate for new auto loans decreased to 4.2%, down from 6.0% one year ago, according to Edmunds. But Americans are buying more expensive vehicles, which means monthly...

Deputy: Mom left toddler in hot car while shopping at Macy's

Jul. 15, 2020 7:55 AM EDT

WELLINGTON, Fla. (AP) — A mother was arrested after she left her 2-year-old daughter in her car while she shopped at a Florida mall, sheriff's officials said. Thamyres Pounce, 32, was charged with one count of child neglect, according to the Palm Beach County Sheriff's Office. Deputies were called to The...

FILE- In this Tuesday, Feb. 25, 2020 file photo, robots work on an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)

Europe's shift to electric cars picks up despite recession

Jul. 15, 2020 7:44 AM EDT

FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of governments....

Mississippi mayor and wife indicted on federal fraud charges

Jul. 10, 2020 2:36 PM EDT

MOSS POINT, Miss. (AP) — A Mississippi mayor and his wife have been indicted on federal fraud charges after prosecutors said the couple raised money for mental health programs in schools but spent it on themselves for expenses that included car payments and the purchase of a pet dog. Federal and state...

EU court: diesel customers can sue VW where they bought cars

Jul. 9, 2020 4:42 AM EDT

BERLIN (AP) — The European Union's highest court ruled Thursday that buyers of Volkswagen cars fitted with software installed to cheat diesel emissions tests can sue the automaker in the country where they bought the car rather than seeking damages in Germany. The European Court of Justice was asked to...

FILE - In this Feb. 2, 2020 file photo a long row of unsold Charger sedans sits at a Dodge dealership in Littleton, Colo. Certified pre-owned vehicles present a great opportunity for used-car shoppers now.  (AP Photo/David Zalubowski, File)

Edmunds: Now is time to shop for certified pre-owned vehicle

Jul. 8, 2020 6:00 AM EDT

Used cars have historically been a smart alternative for those in need of transportation during an economic downturn. They don’t depreciate as much as new cars and are less likely to overburden a buyer with a large loan at a time of uncertainty. Over the past four years, inventory of vehicles returned to...

FILE- In a June 23, 2015, file photo, traffic heads north along the Lodge freeway in Detroit. Michigan drivers will have choices to make when they renew or buy a new auto insurance policy under a law taking effect Thursday, July 2, 2020. Motorist can buy unlimited personal injury protection, but it will no longer be mandatory. (AP Photo/Carlos Osorio, File)

Michigan drivers face new insurance choice starting Thursday

Jun. 27, 2020 12:03 PM EDT

LANSING, Mich. (AP) — Michigan drivers who renew or buy car insurance face a choice starting Thursday: stick with unlimited medical coverage, go with less or -- for seniors with Medicare -- opt out entirely. The decision, a signature feature of a new law that will lower the cost of personal injury...

This undated photo from Toyota shows the RAV4 Hybrid, a small SUV that gets an EPA-estimated 40 mpg in mixed driving conditions. Toyota is well versed in making hybrids, and the RAV4 Hybrid is an excellent example. Its cargo space, among the largest in the small SUV class, checks in at 37.5 (minimum) and 69.8 (maximum) cubic feet. (Courtesy of Toyota Motor Sales U.S.A. via AP)

Edmunds recommends 5 SUVs for cargo space, fuel economy

Jun. 24, 2020 6:00 AM EDT

Many people like SUVs because of the greater cargo space and a higher driving position they provide compared to a sedan. But one of the typical trade-offs is reduced fuel economy. Lately, fuel prices haven’t been much of a deterrent to buyers. But the price of gas is on the upswing, with a 24-cent...

In this April 5, 2020, photo, a couple considers a sedan in a long row of 2020 models on display at a Mercedes Benz dealership in Littleton, Colo. Long-term auto loans allow people to spend more on a car while keeping the payments low. But issues down the road can prove costly. (AP Photo/David Zalubowski)

Edmunds: Shoppers should think twice about long-term loans

Jun. 17, 2020 6:00 AM EDT

Car buyers have collectively blown past the stop sign of the old 48-month “golden rule” for car loans. In fact, 72- and 84-month loans are now more common than ever, propelled by rising vehicle prices and the reemergence of 0% loans. But long-term loans aren’t without pitfalls. The average...