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“Used car prices fall but monthly payments spike” Interest-rate hikes from the Fed are raising average monthly car payments despite falling prices for used cars, according to a study. The average monthly payment for used cars is 47% higher this year, hitting $551 a month, as compared to 2019, according to analysts at Cox Automotive,…
“Armed crew robs man of BMW at gunpoint in NYC: cops” An armed crew robbed a man of his BMW at gunpoint in Midtown and took it on a joyride before cops nabbed them early Thursday, police said. The man was standing next to his late-model car at 45th Street and Lexington Avenue — steps…
“NJ lawmakers float ban on car subscriptions after BMW outrage” New Jersey lawmakers want to ban automakers from charging subscription fees for built-in car features — just months after BMW’s move to charge a monthly fee for heated seats sparked outrage, according to a draft of a proposed bill. The potential crackdown comes as car…
“What car are you based on your zodiac sign?” For some car owners, not having a name for their sweet ride may just drive them crazy. For as long as their engines have run, automobiles have been a symbol of freedom and possibility. The empty seat and the open road are pillars of American longing,…
“Bridgestone is reinventing the tire for the moon” Bridgestone is designing a tire that’s out of this world. The company has joined a team that includes Teledyne, Nissan North America, Sierra Space and Textron that is developing a Lunar Terrain Vehicle to support NASA’s Artemis program, which aims to return humans to the Moon by 2024…
“Divers recovering Ford F-150 that sank in arctic waters off Canada” And you thought it was tough getting a tow on the highway. An operation is underway to retrieve a Ford F-150 pickup that is stuck deep in the Arctic Circle … and deep underwater. The truck was one of the first to drive over the ice…
“Auto giants like BMW, GM and Toyota make drivers ‘subscribe’ for basic features” Motorists are increasingly being forced to pay tacked-on fees and even sign up for pricey subscriptions to get basic features on their cars — and auto giants are telling investors this is only the beginning. BMW’s recent move to charge car owners…
“Why most millennials and Gen Z regret buying a car before inflation hit” Nearly six in 10 driving adults in the US regret the car they bought just before inflation took off in 2021. Rising gas prices and cost increases in other sectors have furthermore prompted 42% to seek a higher-paid job or side hustle…
“Gen Z, boomers agree that newer cars aren’t always better” Gen Z and Boomers may be generations apart, but they both agree that they should keep their items for a good amount of time — and that includes cars. According to a new survey by Ally Financial and OnePoll, seven in 10 of the 2,000…
“AKXY2 is a sustainable car concept that wants to turn every trip into a picnic” The COVID-19 pandemic has changed a lot of things in the world, including how we envision tomorrow’s cars. Self-driving cars were, at one point, the obsession of the automotive industry. To some extent, the drive is still there, but the…