An Ohio senator's claim that millionaires primarily benefited from the EV tax credit is largely inaccurate, as income and price caps limited its use for high-end vehicles. While the percentage of U.S.

President Trump talked briefly about his plans to address the affordability of cars during his State of the Union on Feb. 24.

Trump highlights auto affordability, tax-deductible loan interest, and gas prices during State of the Union address amid rising new car costs.

While year-end shifts for used cars are real, the biggest advantage is negotiating power, not guaranteed price drops. Sedans and smaller SUVs saw the biggest price improvements in November, while ...

New car buyers can expect to shell out an average of more than $50,000 for the first time, according to a report from Kelley Blue Book.Related video above: Federal tax credit for electric vehicles ...

Luxury car tax sounds like a punishment for people with taste, but in reality it is a targeted way for governments to raise revenue from high‑end purchases without touching everyday essentials. When a ...

Prepare for automotive sticker shock next year – again. Average new car prices briefly topped $50,000 in September for the first time, before slipping back under that level in October. But now, ...