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NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.
Used car prices averaged $31,556 in March, down from a peak of $32,889 in April 2022 but still 33% more than March 2020’s $23,691. How is used car inventory?
American car buyers braced for the worst when President Donald Trump’s auto tariffs started taking effect in April. But so far, prices are little changed.
The car and truck market is about to get worse, and not just because of tariffs. New car sales bottomed out in 2022, the peak year of COVID-19-era shortages that hobbled assembly lines.
Note: When it comes to the new car loan interest deduction, most imported vehicles, subject to the new 25% tariff, won't meet this U.S. assembly requirement and will not be eligible for it.
At the other end of the economic spectrum, luxury Italian car maker Ferrari on Thursday said it would hike prices on certain car models by 10% after April 1, citing Mr. Trump's auto tariffs.
Should I Buy a Salvage-title Car? Typically, no—these kinds of vehicles come with several major risks that you shouldn’t ignore. But in some cases, buying a salvage-title car could make sense ...
The price you pay when you buy a car is just one piece of the puzzle. Before you make a decision, you should also consider things like reliability, theft rates, resale value, and more.
Auto repair statistics. Data from the Bureau of Labor Statistics shows that auto repair costs are on the rise. In 2023, vehicle maintenance and repair costs rose by 6.5%.