Latest Car buying News

Juneau officials question police plan to buy armored vehicle

Apr. 28, 2022 15:32 PM EDT

JUNEAU, Alaska (AP) — Some officials in Juneau have raised concerns about militarization of the police force after learning of the local police department’s plans to buy an armored security vehicle that can seat 12 officers. Some have referred to the vehicle as a tank and worry...

Edmunds: A longer loan for your car? Bad idea

Apr. 27, 2022 06:26 AM EDT

The traditional “20/4/10 rule” of car buying states that you should make a 20% down payment, have a loan no longer than four years, and a total monthly car budget that does not exceed 10% of your take-home pay. But the reality is only 6% of new car shoppers actually followed that advice in...

Modest-income buyers being priced out of new-vehicle market

Apr. 15, 2022 10:11 AM EDT

DETROIT (AP) — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more. The result? A widening disparity between the richest buyers and...

Online marketplace Letgo sued after Denver-area slayings

Apr. 14, 2022 18:01 PM EDT

DENVER (AP) — The online marketplace Letgo is facing a wrongful death lawsuit after the parents of five children were fatally shot and robbed while using the app to try to buy a used SUV in suburban Denver in 2020. The lawsuit filed in federal court Thursday on behalf of the...

California plan aims to triple sale of electric cars by 2026

Apr. 14, 2022 12:38 PM EDT

SACRAMENTO, Calif. (AP) — California wants electric vehicle sales to triple in the next four years to 35% of all new car purchases, an aggressive target set as part of the goal to phase out the sale of gas-powered cars by the middle of next decade. The California Air Resources...

California plan would require sales of electric vehicles to triple in next four years to 35% of all new car purchases

Apr. 13, 2022 13:52 PM EDT
SACRAMENTO, Calif. (AP) — California plan would require sales of electric vehicles to triple in next four years to 35% of all new car purchases.

Edmunds picks 5 SUVs to help you save at the pump

Apr. 06, 2022 07:41 AM EDT

As of this writing, the national average fuel price is $4.24 per gallon, according to the American Automobile Association. Up 20% from a month ago, gas prices aren’t likely to taper or deflate unless crude oil supply improves or consumer demand softens. Until that happens, costly fill-ups are...

Edmunds: Should you fix your car or buy new?

Mar. 30, 2022 06:25 AM EDT

Perhaps this scenario is familiar to you. Your car broke down and now you’re faced with a costly repair bill. It may not have been the first time this has happened and you’re getting tired of pouring money into an aging machine. A new car would be nice, but is that the smartest decision in...

Ex-HP executive pleads guilty to $5 million fraud scheme

Mar. 23, 2022 22:51 PM EDT

OAKLAND, Calif. (AP) — A former executive with HP, Inc. pleaded guilty Wednesday to stealing some $5 million from the Silicon Valley computer company and using it to buy luxury cars, jewelry and watches, federal prosecutors said. Shelbee Szeto entered pleas in an Oakland federal...

Edmunds: What actions can void your new car warranty?

Mar. 16, 2022 08:08 AM EDT

A new car limited warranty, sometimes called a “bumper-to-bumper” warranty, is a contract between the vehicle owner and the automaker. It promises to take care of any applicable repairs provided that the owner properly maintains the vehicle. But like most contracts, a warranty can be broken if...