Used car and truck prices soar by most on record

Microchip shortage hits car makers, feeling strain in supply chain Rodgers Silicon Valley Acquisition CEO TJ Rodgers argues car makers are feeling the strain of the semiconductor shortage due to their inefficient supply chains. Used car and truck prices in April surged by the most since recordkeeping began in 1953, boosted by pent-up demand among […]

US car rental firm Avis Budget tops revenue estimates as demand recovers

Fox Business Flash top headlines for May 3 Check out what’s clicking on U.S. rental car company Avis Budget Group Inc topped Wall Street estimates for first-quarter revenue on Monday, as more people started traveling again after getting vaccinated against COVID-19. Stocks in this Article Avis had to cut jobs and realign its fleet […]

Electric car battery demand puts lithium in pole position

Billionaire mining scion John Hancock’s wealth is surging off the back of record highs in iron ore prices. But from its current elevated levels, even he admits there is a limit to the upside for the key steel-making ingredient. “You aren’t going to see the iron ore price go up multiples from here,” Hancock says. […]

Car recalls for April 8-15

 (Photo: Michael Chow/The Republic) The U.S. National Highway Traffic Safety Administration has issued recalls for April 8 through 15, including a Toyota recall involving 279,040 units and a Harley-Davidson recall involving 31,346 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive recalls database for […]

This Is the Best-Selling Car in America

Auto sales in America plunged at the start of the COVID-19 pandemic, collapsing from April through the fall. Dealers began to open slowly, and more people ordered cars online, which helped a strong recovery during the fourth quarter. That recovery extended into 2021. In fact, the industry should make a full recovery this year. Parts […]

This Is the Used Car That Loses the Most Value

Conventional wisdom says that when a car buyer drives a new car off a dealer lot, it immediately loses a quarter of its value. There is some truth to that. Used car prices, even for those just a year old, drop sharply from the same models bought new. However, used car prices have risen in […]

Monthly car payments near $600 as SUV and truck sales surge: Experian

Fox Business Flash top headlines for March 4 Fox Business Flash top headlines are here. Check out what’s clicking on The average monthly car loan payments are on the rise, surging upwards of $600, as an increasing number of consumers switch back to financing new vehicles, according to Experian’s latest auto financing report. CLICK HERE TO […]

9 surprising things car insurance covers

What your auto insurance policy covers may surprise you. (iStock) It’s sometimes difficult to see the value in car insurance. It’s the kind of expense you hope you’ll never use, but when you’re in an accident or your car is vandalized, your policy can protect you from paying for costly repairs out-of-pocket. Continue Reading Below […]