Tom started his career as a daily newspaper reporter in metro Detroit and after a decade changed course to cover cars, spending the next 25 years at Wards Automotive doing test drives, technology and ...

Kelley Blue Book reports that the average sale price of a new vehicle has hit a record high over $50,000 Rising new car prices have consumers looking at the used market more closely The average ...

Pandemic-era vehicle shortages are still affecting used car prices. The auto industry is producing fewer cars than it used to, which means high new vehicle prices and other costs are pushing more ...

Average transaction prices for 3-year-old used cars have been above $30,000 for each quarter of 2025 so far. It was the highest third quarter average transaction price for those used cars since 2022, ...

You're currently following this author! Click to unsubscribe from email alerts. There's sticker shock, and then there's whatever is happening with America's used-car market. Prices for a slightly-less ...

With new car prices hovering around $50,000 these days, buying used can feel like a no-brainer because of how much new cars depreciate in their first few years. New vehicles typically lose about 30% ...

According to Cox Automotive, used car wholesale prices (that’s what dealers pay for cars they sell to consumers on their lots) rose an average of 1.7% year-over-year in July. But prices for two ...

Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price ...

The average price for a new vehicle in the U.S. surpassed $50,000 in August for the first time this year. Automakers are offering fewer incentives, which contributes to the higher overall cost for car ...

As of the time of this writing (yesterday morning), AAA said the average cost of a gallon of gas is $4.32 a gallon, while diesel averages $6.23. That's the most expensive diesel has ever been, and for ...

New car prices hit a record high, and President Trump blames fuel efficiency standards. NPR's Ayesha Rascoe speaks with Bloomberg Detroit bureau chief David Welch about what's behind the high prices.

Despite Friday’s SCOTUS ruling, many tariffs affecting the auto industry will remain. So will the other dynamics that have led to today’s historically high car prices. It has never been more expensive ...