Each month we bring you the most up to date vehicle recalls and since early November 1, 2024, several major automakers have issued recalls on popular vehicles to address a variety of safety and operational issues. Ford recently recalled more than 6,200 of its 2024 Mustang models due to a problem with instrument panels that...
Read MoreThe Federal Reserve has reduced its benchmark interest rate by 0.25%, setting the new federal funds rate at a range of 4.5% to 4.75%. This change is part of a broader rate-cutting approach aimed at stabilizing economic conditions amid moderate inflation and a cooling job market. With inflation nearing the Fed's 2% annual target, policymakers...
Read MoreThe automobile market has faced unprecedented shifts in recent years, with high prices and limited supply becoming the new normal. As Election Day passes, many Americans are hopeful for a turnaround, but the factors at play are complex. From interest rates to energy policy, each aspect of the economy affects the auto industry, and election...
Read MoreSelling a car online offers convenience and the potential for good profits and can present some challenges that can make the experience difficult for some consumers. A major concern is trust and transparency. Online transactions rely heavily on both, and for car sales, this can be especially complex. Sellers worry about verifying the intentions of...
Read MoreNADA Car Values are now J.D. Power Values!! For decades, the National Automobile Dealers Association (NADA), is now operating under the J.D. Power brand. Since rebranding under J.D. Power in 2021, NADA has continued to serve as a reliable benchmark for vehicle pricing across the nation. Yet, while their values offer a useful reference point,...
Read MoreAccidents. Almost everyone encounters them at some point, and while many are thankfully minor, even small incidents can impact a vehicle’s value significantly. This depreciation often results in a financial loss for owners. Knowing how accidents—whether minor or major—affect a car’s worth is essential for both buyers and sellers. The following provides insight into the...
Read MoreKeeping a high-mileage car can be a smart financial choice with clear advantages but also some potential downsides. Here’s a look at when it’s worth sticking with an older vehicle and when it may be time to consider an upgrade. One major advantage of high-mileage cars is cost savings. After a vehicle passes 100,000 miles,...
Read MoreAs the holiday season approaches, many service members find themselves far from family, fulfilling a commitment to serve our nation. In October 2023, the U.S. Army made a significant policy change by discontinuing the long-standing benefit of free storage for soldiers’ vehicles and personal belongings during deployment. For those already bearing the weight of being...
Read MoreFiguring out your car’s value isn’t always straightforward—it depends on multiple aspects like the car’s make, model, year, mileage, condition, and current market trends. Platforms like Kelley Blue Book (KBB), Edmunds, and NADA Guides can offer a quick value estimate, but are they fully reliable? NADA’s data is widely respected, but some critics suggest it...
Read MoreWe are weighing in on this massive recall! September 2024, Ford Motor Company issued a significant recall affecting approximately 90,736 vehicles due to an engine issue that could lead to serious safety concerns. The recall impacts select 2021-2022 models, including the Ford Bronco, F-150, Edge, Explorer, and the Lincoln Nautilus and Aviator. Vehicles equipped with...
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