Monthly Car Loan Payments Swell, Even as Recession Looms

» Posted March 17, 2023 • Resources

Nearly 16% of people who financed car purchases last year signed on for monthly payments of $1,000 or more, auto researcher Edmunds says. That is a new record, up from 11% just a year earlier.

Feds Investigating GM Over Autonomous Cruise Program

» Posted March 15, 2023 • Resources

Tesla is not the only major auto manufacturer getting a look from federal investigators over technology designed to let cars do the driving.

Used Car Sales Drop, Gutting CarMax Profits

» Posted March 13, 2023 • Resources

If you have been in the market for a used car, waiting to pull the trigger appears to have paid off. Price tags on pre-owned vehicles are on the decline. Just ask CarMax.

Tesla Sells Record 1.3 Million Vehicles in 2022

» Posted March 10, 2023 • Resources

The luxury electric vehicle manufacturer hit a new sales record in 2022, CNN reports. That is despite issuing a slew of recalls and facing a federal probe over its controversial driver-assist technology.

GM Offers to Buy Back Some Malfunctioning Chevy Malibus

» Posted March 8, 2023 • Resources

General Motors is offering to buy back certain Chevy Malibus over a defect the automaker admits is difficult to fix. GM has recalled some 2,100 Malibu sedans, the company told federal regulators.

Used Tesla Price Tag Plummets

» Posted March 6, 2023 • Resources

There is good news for people who have been waiting to get their hands on a Tesla: the price of the pre-owned versions of the cars is dropping fast.

Volkswagen Beetles Called Back Over Faulty Takata Airbags

» Posted March 3, 2023 • Resources

Volkswagen is the latest major auto manufacturer to recall cars over concerns about Takata airbags, nearly a decade after the safety devices were first linked to accidents and deaths.

Chevy Bolts Recalled as Automaker Cites New Fire Risk

» Posted March 1, 2023 • Resources

The latest recall comes less than a year after GM restarted Bolt production at a plant in Michigan. The company had pumped the brakes on making new Bolts after recalling essentially every single one of the EVs on the market over battery pack fire risks.

Hertz Faces Federal Probe Over Renting Recalled Cars

» Posted February 27, 2023 • Resources

The National Highway Traffic Safety Administration is investigating Hertz for allegedly renting vehicles that have been recalled without first fixing the issues, according to a Politico report. That is a violation of federal motor vehicle safety laws.

Subaru Recalls More Than 270,000 Ascent SUVs Over Fire Risk

» Posted February 24, 2023 • Resources

Subaru is calling back some 270,000 Ascent sport utility vehicles over a defect that poses a serious safety issue, the company recently told federal regulators.

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