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Ford Motor Co. announced that it will recall 2.24 million Explorer SUVs — including nearly 1.9 million vehicles in the United States — because some trim pieces may come loose and create a possible safety issue for other drivers.
This is part of our Car Buyer's Glossary series breaking down all the terms you need to know if you're buying a new or used car from a dealership.
Should you buy or lease your car? Lease vs. finance is a common question, and an important financial decision many must make. There's not an easy, one-size-fits all answer, and it that deserves careful consideration. On one hand, leasing usually leads to lower car payments. On the other hand, buying means you own the vehicle once you finish making car payments. There are lots of other variables to consider, among them the amount you drive and how likely you are to keep your car in good condition. Here are some tips to figure out whether buying or leasing is right for you.
As with many things in life, when it comes to buying a new car, timing is everything. You've likely done a ton of research already, and have even taken test drives of the cars you're considering. But when should you actually pull the trigger and sign the dotted line? Is there a time of year, a day of the month or a specific season that's better than another? Will there be a better selection of vehicles available on the showroom floor or dealership lot in the winter or summer?
With Q1 in the books, we're seeing the first real 2024 U.S. auto sales figures, and with them, some shakeups in segments where the pecking order was long-ago established. We said in January that the auto industry was returning to a semblance of normalcy after more than three years of supply chain tomfoolery and runaway inflation. Well, there may be a new normal yet.
For a moment, it seemed like we were past the worst of the dealer markups. I even found a GR Corolla at MSRP, but it looks like some dealerships are still up to old tricks. One Reddit user recently posted that his local California Hyundai store was selling an Ioniq 5 N for a ridiculous $20,000 markup, adding almost 30 percent to the EV's MSRP.
The average new vehicle transaction price has soared over the past few years, though it fell slightly in February to “just” $44,045. J.D. Power’s February 2024 U.S. Automotive Forecast noted that the decline in average pricing has led to an increase in the number of transactions, pushing spending to record levels.
WAUKESHA, Wis. — A group of teenagers believed to be from the Chicago area broke into a luxury car dealership in Wisconsin and drove off with nine vehicles worth more than a half-million dollars, police said.
Car shopping has been a frustrating experience over the last few years, with inventory shortages, inflated prices, and dealer markups becoming much more common than they once were. While the picture in early 2024 is slightly rosier than a year or two before, some models are still priced well above their MSRPs. Using TrueCar data, Consumer Reports compiled a list of the 10 worst new car deals — new vehicles selling for the most above sticker price, and all of them are going for at least 7% over MSRP.