How Much Does it Cost to Charge an Electric Car?
When shoppers are considering the purchase or lease of an electric vehicle (EV), one of the first questions they ask is, "how much does it cost to charge?" While it's easy to answer that question for a gas-powered car by looking at its fuel economy and your gas station receipt, it gets a bit more complicated for an electric car. If you're charging from a home charging station, the cost of charging an electric vehicle is based on the vehicle'sIf you're charging from a home charging station, the cost of charging an electric vehicle is based on the vehicle's energy efficiency and the cost of electricity, which can vary greatly depending on where you're charging.
In December of 2020 the average price of a new car in this country topped $40,000 for the first time ever. Nearly a year later, we can wave goodbye to the $45,000 mark. © Photo: Spencer Platt (Getty Images)
September’s $45,031 average makes for the sixth-consecutive month of rising average new car prices, each one setting a new record high, according to Kelley Blue Book. In August it was $43,418. Blame SUVs and full-size pickups comprising ever-larger slices of the overall sales pie, compared to back in the summer when smaller crossovers and passenger cars were stronger. Luxury brands shifted more vehicles last month, too.
2021 Lexus LC 500 Convertible puts style at the forefront
The LC 500's good looks make up for this car's few shortcomings.Regardless of body style, the LC is a looker. My tester is covered in a luscious shade of red paint, which is probably the most gorgeous rouge this side of Mazda's Soul Red. Lexus' spindle grille doesn't look bad in this application, and I love how the distinct headlight shape is echoed in the taillights. Front to back, the LC is stunning.
Still, the overall number of cars sold in September was down 7.3 percent compared to where it’d been in August. That leaves September as one of the worst-performing months in terms of sales volume of the last 10 years.
So, in short, fewer new cars left the lots but more of them were on the pricier side. KBB’s average prices don’t factor incentives, but those have roundly diminished across the board, too:
Incentive spending fell in September to another record low, dropping to 5.2% of [average transaction price] last month, a decrease from 5.6% in August 2021 and well below the 10.0% of ATP recorded in September 2020. Porsche, Land Rover, Genesis, Subaru and Toyota had among the lowest incentive spend last month, all 3% of ATP or lower. On the other hand, Alfa Romeo, Buick, Fiat and Infiniti each had incentive levels above 10% of ATP.
5000 miles, six friends, three cars, and one clutch swap make for an epic Bonneville road trip
The Iron Lords car club is a tight-knit group that favors traditional hot rods. Their idea of a good time is joining a convoy of cars and making the yearly pilgrimage to the racing holy land that is Bonneville Speed Week. This group of six friends from the club have known each other since about […] The post 5000 miles, six friends, three cars, and one clutch swap make for an epic Bonneville road trip appeared first on Hagerty Media. Looking to purchase a car? Find your match on the MSN Autos Marketplace
Even among those four brands more desperate for sales, average transaction prices still rose — by 2.6 percent in Fiat’s case and 3.5 percent for Buick, for example. In fact, Acura, Ford, Mini, Subaru and Volkswagen were the only makes surveyed that tended to sell cars for less money in September than they had in August. Subaru appeared to have a particularly difficult September thanks to the chip shortage, even though Crosstreks reportedly spent fewer days on lots than any other nameplate.
And if we hone in on the luxury badges, well, things are truly getting out of hand:
Luxury sales accounted for 16.6% of total market sales, up from 15.1% in September 2020. Luxury share in September was among the highest in the past decade, and luxury buyers paid an average of $60,845 for a new vehicle last month. Further, many luxury brands, notably Acura, Cadillac, Genesis and Mercedes-Benz, achieved year-over-year ATP gains in excess of 20%. Cadillac, for example, saw ATPs jump up more than 32% last month, reaching $81,939.
The Acura Integra will return in 2022
Acura's compact coupe is making a comeback -- for real this time.No, I'm not pranking you. The Integra is coming back, and I'm stoked. The drones first showed the original 1986 Integra's shape -- complete with pop-up headlights -- before morphing into the new model's sleek silhouette. The name Integra was prominently displayed with flashing and moving lights, before the number "2022" also lit up in the sky. And then the crowd cheered, obviously.
Year-over-year average transaction price gains in excess of 20 percent! For an idea of what that looks like in raw prices, the average new Mercedes-Benz cost $59,899 in September 2020. Last month, it cost $75,369. That’s what a 25.8-percent rise represents.
Fair enough, you might think, if those who can pay more choose to — but of course this phenomenon isn’t limited to fancy new cars. Wholesale prices of used cars are also setting records after it seemed they might taper off late in the summer. It’s no surprise that nearly half of new car buyers KBB surveyed in August said they’ll probably delay their shopping for several months to a full year. Anyone brave enough to bet that things will be better by then?Looking to purchase a car? Find your match on the MSN Autos Marketplace
Average Used Car Payment Is Now a Whopping $520 Per Month: Edmunds .
Average Used Car Payment Is Now a Whopping $520 Per Month: EdmundsAccording to the firm's figures, the average used car buyer is expected to break a record by spending $520 per month on their vehicle during last year's Q4.