Trump’s auto tariffs could lead to tax changes President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter potential tariff price increases. Trump is collaborating on the initiative with House Speaker Mike Johnson and floated the idea […]
Prices started rising as COVID rocked global supply chains in 2020 and 2021 and haven’t yet returned from the stratosphere. Back in the pandemic’s early days, when car dealerships started looking more like vacant lots, paying over MSRP was more common than ever. In fact, it wasn’t unusual to buy a car and then, several […]
Small-scale EVs play a critical part in how millions of people get around. Now, Rivian has skin in the game. Electric micromobility—the area of transportation concerning things like e-bikes and e-scooters from brands like Lime and Bird—is still in its infancy. Up until now, the industry has been plagued by fads (Segway, anyone?), financial pitfalls, […]
It’s an axiom to say “EVs depreciate quickly,” but the numbers show exactly how bleak it is EVs have earned a reputation for losing value that’s hard to shake. But a recent study from iSeeCars reveals that cars and SUVs relying on battery power can lose nearly three-quarters of their value in half a decade, […]
A second chance for EV buyers Electric vehicle buyers who were left empty-handed on their promised $7,500 federal tax credit due to a bureaucratic hiccup now have a second shot at claiming their money. The IRS has announced a change that allows dealers to retroactively submit sales reports for qualifying clean vehicle purchases made in […]
The current auto market’s milestones are primarily negative Car repossession rates in 2024 reached their highest level in over a decade at about 1.73 million. During the same year, 2,332,837 Americans defaulted on auto loans, which exceeded the number of defaults during the Great Recession’s peak. Vehicle repossessions, which naturally go hand-in-hand with auto loan […]
Growing distaste for Musk Tesla’s once-unshakable grip on the electric vehicle market appears to be loosening, and Elon Musk’s public perception may be to blame. According to a new Yahoo News/YouGov poll, 67% of Americans now say they wouldn’t consider buying or leasing a Tesla, with more than half attributing their decision to Musk himself. […]
The Sierra EV gains two trim levels and loses nearly a Miata’s worth of MSRP A popular criticism of electric vehicles (EVs) is that they’re more expensive than their gas-powered counterparts. While that may be a generally valid point, GM is taking pretty drastic steps towards democratizing electrification by introducing two new Sierra EV trims […]
A legend (potentially) regains its heart Rumors are swirling that Dodge is planning to reintroduce the Hemi V8 to the Charger lineup in late 2026, marking a potential return to its high-performance roots. Reports from Mopar Insiders suggest that Stellantis engineers are actively working on making the classic engine fit within the redesigned Charger’s platform. […]
There will soon be Waymo cities Waymo, an autonomous rideshare service backed by Google’s parent company, Alphabet Inc., has announced in a press release that it will launch operations in Atlanta, Miami, and Washington D.C. Atlanta’s launch will begin in early 2025, with Miami and Washington D.C. services kicking off in 2026. Specific dates for […]
