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☆ Why your next new car could very well cost more than $50,000
▼ + stars: | 2024-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.

Persons: New York CNN — It’s, That’s, Buyers, ”, Ivan Drury, “, didn’t, Charlie Chesbrough, Drury, –, ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America

☆ I just bought a Jeep for my teen driver. Here's what I learned about the used car market
▼ + stars: | 2024-10-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

But, boy, has the used car market changed. Now, 10% of all vehicles sold cost more than $70,000, up from 3% five years ago, according to Edmunds. Just 0.3% of new vehicles sold now cost less than $20,000, compared with 8% five years ago, Edmunds found. Hunting down a used JeepA Jeep was at the top of my daughter's wish list, and Wranglers, especially, have held their value. That means paying more upfront: A Jeep Wrangler "is not the cheap car from 10-15 years ago," Drury said.

Persons: Ivan Drury, Edmunds, Drury, Wrangler Organizations: Toyota, Cox Automotive, Wranglers Locations: Edmunds

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ How things went from bad to worse for Jeep-owner Stellantis
▼ + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.

Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois

But consciously or unconsciously, no consumer choice says "us vs. them" more than what car we choose to drive. The most Republican vehicle in America? The Jeep Wrangler. It began with the Jeep Wrangler, the brand's most iconic model. How purple is your car brand?

Persons: Donald Trump, Joe Biden, Trump, Biden, MAGA, Ivan Drury, Edmunds, Jeep, Dave Kelleher, Kelleher, they've, Lincoln, Mark Healy, Nora Naughton, BI's, Andrew Thompson Organizations: Republican, Democratic, Toyota, VW, Republicans, Army, Stellantis, Jeep, Wrangler, Toledo Jeep Fest, Flipturn Creative Studios Locations: America, Hoofddorp , Netherlands, Pennsylvania, Moab, Appalachia

As recently as 2005, more than half of all automobiles on the road were painted a color other than black, white, silver, or gray. Today, less than 20% of vehicles listed in our database of 1.7 million cars are a color other than black, white, silver, or gray. "Simplifying the production process — with fewer trim options and fewer paint options — is always going to be a winner." Today, car colors are going the way of checked airline bags — you pay extra for something you used to get free. Offering fewer options to average car buyers — and more to the wealthy — enables automakers to bask in the color they care about most: green.

Persons: carmakers, Ivan Drury, Edmunds, Drury, Mark Healy, Andrew Thompson, Dan DeLorenzo, Kim Nguyen, Randy Yeip Organizations: GM, Chrysler, Flipturn Creative Studios

☆ American consumers are increasingly underwater on their car loans
▼ + stars: | 2024-10-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — A growing number of Americans with auto loans owe more than their vehicles are worth, according to a report Tuesday from Edmunds.com. Upside-down car loans aren't necessarily dire on their own, but a growing number of consumers being underwater is another indication of pressure on American consumers. Edmunds reports more than one in five consumers with negative equity owe more than $10,000 on their auto loans. That includes 22% of vehicle owners with negative equity who owed $10,000 or more, while 7.5% have negative equity of more than $15,000. Consumers can counter upside-down car loans by holding onto the vehicles for longer periods.

Persons: Jessica Caldwell, Edmunds, Ivan Drury Organizations: CDK, DETROIT, Federal Reserve Locations: Chicago , Illinois, United States, Canada, Edmunds.com, Edmunds

☆ From mortgages to auto loans, experts weigh in on when — or if — to refinance as interest rates fall
▼ + stars: | 2024-09-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

So, home loan rates may continue to fluctuate. Don't wait to reassess credit card debtWhen it comes to credit card debt, the math is a little more cut-and-dried. In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. watch nowAlternatively, borrowers can call their card issuer and ask for a lower interest rate on their current card. Auto loan refinancing options depend on equityAlthough auto loans are fixed, the rates on new-car loans will come down with the Fed's moves.

Persons: Jacob Channel, Matt Schulz, Schulz, you've, Ivan Drury, Edmunds Organizations: Treasury, LendingTree, Auto

☆ Californians are buying fewer Teslas. That could be a bad sign for Elon Musk.
▼ + stars: | 2024-08-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read previewTesla has a California problem — its residents aren't buying as many of Elon Musk's electric cars as they used to. And California isn't the only place where Tesla's chokehold on the EV market is beginning to slip. Tesla CEO Elon Musk has attributed lackluster sales to high interest rates and economic uncertainty in the US. But, while Tesla's sales are dropping, the EV market as a whole is expanding, including in California. Similarly, data from CNCDA shows that EV sales in California hit their second-highest quarter on record in July.

Persons: —, Tesla, Elon, Elon Musk, Gavin Newsom, Newsom, Noam Galai, Musk, Donald Trump, wouldn't, Ivan Drury, Edmunds, California there's, Brian Moody, Moody Organizations: Service, Golden State, Car Dealers, US, Business, Cox Automotive, California, Forbes, Experian Automotive, SpaceX, Democratic Party, Auto Locations: California

☆ Gen Z isn't impressed by Tesla cars. That should worry Elon Musk.
▼ + stars: | 2024-08-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

A recent survey of Morgan Stanley's 2024 interns found that the "Tesla 'cool factor' is cooling" among Gen Zers in the US. Despite competition in the EV market becoming stiffer than ever, Tesla has not majorly refreshed its aging car models in years. AdvertisementInstead, Musk has been pivoting Tesla's future toward robo-taxis, but Gen Z doesn't seem interested. Robo-taxis will likely not be Tesla's saving grace, as 51% of Gen Z interns surveyed said they thought owning or leasing a car would still be necessary by 2030. AdvertisementAnd, for the Gen Z interns surveyed, it probably won't be an EV at all.

Persons: —, Morgan Stanley's, Zers, Morgan Stanley, Mercedes, Ivan Drury, Elon Musk, Drury, Gen Zers, Tesla, Musk, Z Organizations: Service, BMW, Business, EV, McKinsey Locations: Edmunds, Ukraine

The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with mortgages, credit cards and car loans. Certificates of deposit — fixed-rate bank accounts with term limits — are a go-to when interest rates are high. With interest rates coming down, the idea is just pay and save as much as you can right now. There’s no bad time to do that, but when the central bank lowers interest rates, it can be even more valuable. “It’s tempting to say, ‘Well, when interest rates go down, stocks are going to do well, because people are switching from low-return to higher-return assets,’” she said.

Persons: Mark Hamrick, “, ”, Hamrick, Rodney Lake, Laura Veldkamp, Veldkamp, Jude Boudreaux, now’s, ” Jude Boudreaux, you’re, ” Boudreaux, ” DON’T, Jonathan Smoke, Cox, Edmunds, Ivan Drury Organizations: Federal, GW Investment, George Washington University School of Business, Columbia University’s Graduate School of Business, Chipping, Columbia Business, Philadelphia Fed, Federal Reserve, Mortgage, Association, Fed Locations: U.S, Orleans, New Orleans, Edmunds

☆ Americans just can’t quit their giant, gas-burning trucks
▼ + stars: | 2024-08-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

A ‘harsh reality’ for EVsFord likes to brag about its growing EV sales, but its profit is still primarily coming from the sales of gasoline powered trucks and SUVs. Ford isn’t the only automaker pulling back on its EV plans and making new investment in ICE vehicles. This is not to say that the traditional automakers are dropping their EV plans altogether or that EV sales are falling. But EV sales, which initially grew at a double-digit pace, haven’t shot up exponentially as automakers hoped or expected. That uncertainty about the future of US EV incentives prompted automakers to reconsider their earlier EV plans.

Persons: Ford, ” Ford, Jim Farley, hasn’t, EVs Ford, ”, Ivan Drury, Mary Barra, EVs, Stellantis, haven’t, Tesla, Donald Trump, Elon Musk, Carlos Tavares Organizations: New, New York CNN, EVs, Canadian, Ford, Super, Kentucky, Super Duty, Ford’s, Ford Expedition, GM, ICE, United Auto Workers, “ Locations: New York, Oakville , Ontario, Toronto, Mexico, Oakville, Kentucky, Ohio, EVs, United States, Edmunds, North America, Europe

☆ Many early-adopting EV owners around the world want to gas up again
▼ + stars: | 2024-07-25 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +6 min

Many U.S. EV owners, in particular, are having second thoughts. EV adoption has slowed in the U.S., even as the recent earnings and delivery reports from both GM and Ford showed sizable increases in EV sales. Ford said EV sales were up 60%, to nearly 24,000 units, but CEO Jim Farley described a "more realistic and sharpened" EV plan during its earnings call. Drury said that some distinctions are becoming clear between all EV owners and those who are most satisfied. As battery range and density increase, and EV charging infrastructure improves, and prices continue down, Brauer said the picture should brighten for EV sales.

Persons: Scott Olson, Ford, Jim Farley, Tesla, Mary Barra, Edmunds, EVs, Ivan Drury, it's, I'm, Drury, Karl Brauer, they're, Brauer, Barra Organizations: Getty, McKinsey, U.S, EV, GM, Ford, Gallup, CNBC, ICE Locations: Chicago , Illinois, ICEs, Australia, Brazil, China, Germany, Norway, France, Italy, South Korea, U.S, , California

☆ Elon Musk's Favorite Dating App Is Run by the Tokyo Government
▼ + stars: | 2024-07-25 | by ( Eliza Relman | ) www.businessinsider.com time to read: +14 min

Grace, a 29-year-old publicist in New York, has regularly used a slew of dating apps for more than four years, with little luck. Among millions, a consensus is forming: Dating apps suck so bad that they might even be deliberately keeping us from finding love. In Tokyo, the city government is even releasing its own dating app, part of a campaign called Tokyo Futari Story ("futari" means couple). Bouke de Vries, an associate professor of philosophy at Ghent University in Belgium who's studied dating apps, argues that state-run dating apps are at least in theory better positioned to help people find partners without spending too much money or time in the process. Last year, Japan's most popular dating app, the Match Group-owned Pairs, began collaborating with several prefectures and cities.

Persons: Grace, She's, it's, who'd, Tinder, Damona Hoffman, Bianca Stelian, Ryan Clarkson, —, They've, Ali Jackson, Bouke de, cupid, Bouke de Vries, Belgium who's, de Vries, Omar Minami, Cheryl Drury, They're, Francesca Katayama, Junko Yamada, Yamada, Elon Musk, I'm, Justin Garcia, Garcia, what's, there's, Eric Adams, Adams, Eve Organizations: Raya, Forbes, League, Match, Children, Families Agency, Ghent University, Government, National, Insurance, Rissho University, Department of Health, Human Services, Conservatives, Trump, PAC, Indiana University, Kinsey Institute, Match Group, Republican, Kinsey, New, New York City — Locations: New York, New York City, Japan, Australia, America, Saitama, Tokyo, Bouke de Vries, Belgium, Singapore

☆ Tesla's cars are starting to look pretty basic — and that's a problem
▼ + stars: | 2024-07-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

But people looking for a flashy new design in Tesla's more traditional car lineup are stuck waiting for now. The Model S and Model X used to be the ultimate status symbol. In 2020, TikTok star Addison Rae made headlines when she was spotted in her bright pink Tesla Model X. And the design of the Model S and Model X hasn't been meaningfully updated since 2021. "If you start announcing some great thing, it affects our near-term sales," Musk said on Tuesday.

Persons: —, Tesla, Addison Rae, Brian Moody, Elon Musk, Tesla's, Edmunds, Ivan Drury, that's, Moody, Musk, Osborne, Stephanie Valdez, Valdez, Streaty Organizations: Service, Business, Cox Automotive, Streaty, Cox Automotive Industry, EV

☆ Americans are buying more Kei trucks from Japan. Is it a sign of a growing “tiny truck” movement?
▼ + stars: | 2024-07-14 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.

Persons: Kei, ”, George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, “, I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, ’ Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa

☆ Larry Ray was accused of starting a sex cult of college students at Sarah Lawrence. Here's where he is today.
▼ + stars: | 2024-06-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Read previewBack in 2019, The Cut published a bombshell investigation into a pattern of concerning student behavior at Sarah Lawrence College. After "The Stolen Kids of Sarah Lawrence" was published in April 2019, a joint FBI and NYPD task force began investigating the allegations. Ray (born Lawrence Grecco) was indicted on charges including sex trafficking, forced labor, conspiracy, racketeering, tax evasion, and exploitation. In early 2023, Judge Lewis Liman sentenced Ray, then 63, to serve 60 years in prison. Later that year, several of the cult's survivors filed a lawsuit against Sarah Lawrence, saying the school failed to protect them.

Persons: —, Larry Ray, Ray, Talia Ray, Hulu docuseries, Here's, Talia, Ray ., Santos Rosario, Sarah Lawrence, Lawrence Grecco, Claudia Drury, Drury, William F, Sweeney Jr, Judge Lewis Liman, Liman Organizations: Service, Sarah Lawrence College, Business, Hulu, FBI, NYPD, Prosecutors, New York Times, York Magazine Locations: New Jersey, Manhattan

☆ The Olympics Can Be Cruel, but the Journey Is Worth It - The New York Times
▼ + stars: | 2024-06-22 | by ( Charlotte Drury | Photographs | ) www.nytimes.com time to read: 1 min

I’ve dreamed of competing in the Olympics for as long as I can remember. I would practice my salute in front of the bathroom mirror, pretending I was about to begin my routine. I imagined what it would look like, what it would feel like, how it would finish in triumph and joy. A trampoline routine is made up of 10 skills, each consisting of a double or triple flip with countless twists and shapes in between. The thrill of learning a new skill, refining it and putting it in a routine was my life’s purpose for almost two decades.

Persons: I’ve

☆ Here's why car payments are so high right now
▼ + stars: | 2024-06-17 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

In the first quarter, 23% of customers with trade-ins had negative equity of more than $6,167 on average, according to Edmunds. It is not uncommon for car owners to have a bit of negative equity on a vehicle when they trade it in. About one-third of trade-ins carried negative equity prior to the pandemic. It is the amount of negative equity that is concerning, says Edmunds Senior Director of Insights Ivan Drury. The rate for a trade-in with negative equity was $887, at a rate of 8.1%, for nearly 76 months.

Persons: Edmunds, Ivan Drury ., Drury, You've, David Paul Morris Organizations: Ivan Drury . Trading, Ford, Bloomberg, Getty Locations: Edmunds, Colma , California

☆ This Memorial Day kicks off a buyer’s market for new cars
▼ + stars: | 2024-05-24 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —Memorial Day weekend is shaping up to offer some of the best deals on new cars in years. The new car market is finally a buyer’s market again. The Volkswagen ID.4 and Kia Niro EV, for instance, are selling at average discounts of more than 13%, according to Edmunds.com. Vehicles from the outgoing 2023 model year now account for 6.8% of all new vehicles on dealers’ lots, according to Edmunds.com. Dealers for Stellantis brands – Dodge, Chrysler, Jeep and Ram – are offering the biggest discounts, according to Edmunds.com.

Persons: Covid, Cox, ”, Eric Barbosa, we’ve, “, Barbosa, –, Ram –, Edmunds, Ivan Drury, Brian Finkelmeyer, Brian Moody, Kelley Organizations: CNN, Toyota, Ford, Ford Bronco, Cox Automotive, GMC, Volkswagen, Kia Niro, Cavender Auto Group, Vehicles, Dealers, – Dodge, Chrysler, Jeep, Dodge, Lincoln Nautilus, Consumers, Honda, Kia, Autotrader Locations: San Antonio , Texas, Edmunds

☆ How Chris Kreider, Rangers rallied to close out Hurricanes: 5 takeaways
▼ + stars: | 2024-05-16 | by ( Arthur Staple | ) www.nytimes.com time to read: +5 min

Chris Kreider wouldn’t let the New York Rangers lose again. After losing Games 4 and 5 following a 3-0 series start, the Rangers were in trouble again Thursday, down 3-1 entering the third period. AdvertisementOn just their second power play of the game 5:11 later, Kreider tipped a waist-high shot by Artemi Panarin behind Andersen to tie it. Andersen keeps Rangers in it, tooThe biggest difference in the series was in net, as many expected. The final special teams tally for the series: The Rangers went 5-for-19 on the power play and Carolina went 2-for-21 while allowing two Rangers shorthanded goals.

Persons: Chris Kreider wouldn’t, Kreider, Frederik Andersen, Artemi Panarin, Andersen, Ryan Lindgren, Barclay Goodrow, Igor Shesterkin, Jordan Staal, Shesterkin, Andrei Svechnikov, CHRISTOPHER JAMES KREIDER 🤩, hird, rick C hallenge, rick, hort, eriod, ross, ade, ake G, kate Organizations: New York Rangers, Rangers, Eastern Conference, Carolina Hurricanes, Hurricanes, ust Locations: York, New York, ried, osh

☆ The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money
▼ + stars: | 2024-05-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

"If Americans want lower interest rates, they're going to have to do it themselves," he said. "Going forward, mortgage rates will likely continue to fluctuate and it's impossible to say for certain where they'll end up," noted Jacob Channel, senior economist at LendingTree. Auto loansEven though auto loans are fixed, payments are getting bigger because car prices have been rising along with the interest rates on new loans, resulting in less affordable monthly payments. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected. Interest rates for the upcoming school year will be based on an auction of 10-Year Treasury notes later this month.

Persons: Brett House, aren't, Matt Schulz, Schulz, Jacob Channel, there's, Ivan Drury, Edmunds, Drury Organizations: Columbia Business School, Treasury, Fed Locations: Edmunds

☆ Buick, GM’s low-key pseudo-luxury brand, is suddenly hot
▼ + stars: | 2024-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

In the 21st Century, though, Buick, which celebrates its 125th anniversary this year, has been a quiet spot in GM’s North American brand strategy. Last year, Buick sales rose more than 60% in the US compared to 2022. The Buick Envista introduced last summer is, essentially, a modified version of the well-received Chevrolet Trax, GM’s cheapest crossover SUV. The 1938 Buick Y Job is generally considered the auto industry's first "concept car." Last year, Avenir models, which get some fancier interior materials, more features, and distinctive paint colors, made up almost a third of Buick sales, the highest levels yet, Aldred said.

Persons: Louis Chevrolet, “, it’s, ”, Ivan Drury, Jason Barlow, Envista, Bob Boniface ,, Duncan Aldred, Drury, It’s, Buick, that’s, Aldred Organizations: CNN, Buick, GM, Riviera, Chevrolet Trax, GMC, Chevy, Cox Automotive, Cadillac, General Motors, Liverpool Locations: GM’s, China, the, America, Europe

☆ Why Hawaii is becoming a leader in U.S. EV adoption
▼ + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.

Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, –, I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds

☆ As new vehicles become more like computers, what car shoppers need to know about protecting their data
▼ + stars: | 2024-03-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

New cars today are loaded with high-tech features for car shoppers, from their own operating systems to navigation and remote unlock. Almost every new vehicle collects different types of details about you — and they will share and sell that data, according to a September report by Mozilla, a data privacy advocate, which looked at the privacy practices of 25 different car brands. Only two car brands currently allow users to delete their personal data, Mozilla found: Renault and Dacia. "This is still kind of the 'Wild, Wild West' of data collection and aggregation," said Theresa Payton, the founder, president and chief executive officer of Fortalice Solutions, a cybersecurity advisory firm. While it remains to be difficult to do your own research, there are three steps car shoppers can take as they assess potential new cars, experts say.

Persons: Ivan Drury, Theresa Payton, Tom McParland, Said Drury Organizations: Mozilla, Finance, Renault, Dacia, Fortalice Solutions, Automatch Consulting Locations: Edmunds, West

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