Renee Valdes

1 week ago | kbb.com | Sean Tucker |Renee Valdes

Now is a great time to buy a car before tariffs trickle down to new vehicle prices at dealerships. New car prices held steady in March compared with the previous month and year, but that’s soon to change. Used car prices were up slightly from the month earlier but down from last year. Tariffs will radically change prices over the next few months. Consider this the relative calm before the storm as car prices for new and used vehicles held steady in March.

3 weeks ago | autotrader.com | Renee Valdes

What is the reason for tariffs on cars? A White House fact sheet says the tariffs “protect America’s automobile industry.” How will of a car? Tariffs for new cars priced under $40,000 could impact them by as much as $6,000 per vehicle. What do tariffs really mean to Americans? Tariffs mean the government levies taxes on cars (and soon parts) coming into the U.S., and those costs typically get passed on to consumers.

1 month ago | ajc.com | Renee Valdes

As consumers rush to take advantage of electric vehicle tax credits, manufacturers plan dozens of new models for this year. According to Kelley Blue Book, new electric car sales hit a record high at the end of last year, as volume soared to more than 102,000 units in January, a nearly 30% increase compared to January 2024. When carmakers planned the new EV models, the Biden-era EV incentives had just taken effect on new, used and leased vehicles.

2 months ago | ajc.com | Renee Valdes

Wild weather, reckless driving and a spike in car repair costs are just some of the reasons car insurance premiums jumped last year. According to a forecast from the Insurance Information Institute, an industry trade group, drivers can expect another 7% increase in premiums in 2025. Bankrate says full coverage car insurance in the U.S. increased 26% last year to an average of $2,543. The average annual premium in Georgia jumped to $2,610 — $67 higher than the national average.

2 months ago | autotrader.com | Renee Valdes

At the start of January, the average used car listing price was $25,721, and for used electric cars, it was $36,976. Looming tariff threats on new cars could drive up prices for used vehicles in February due to greater demand. Used-vehicle days’ supply was 48 at the beginning of January, down eight days compared to last year. It’s a challenging time to buy a used vehicle right now, but some good deals exist.