Category Archives: Credit and Financing

Trucks with the best gas mileage for 2024

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Trucks aren’t known for being fuel efficient, though times are changing. Not only are pickups getting more economical, but there are also smaller options.

Continue reading Trucks with the best gas mileage for 2024

Trucks with the best gas mileage for 2024 originally appeared on Autoblog on Mon, 12 Feb 2024 17:38:00 EST. Please see our terms for use of feeds.

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Chicago Auto Show: Our favorite reveals from shows past

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Continue reading Chicago Auto Show: Our favorite reveals from shows past

Chicago Auto Show: Our favorite reveals from shows past originally appeared on Autoblog on Fri, 9 Feb 2024 10:45:00 EST. Please see our terms for use of feeds.

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How much EV range do you really need?

Electric car range is one of the top concerns car buyers have when considering whether to make the switch to an EV — a concern so profound, the term “range anxiety” was added to the dictionary to describe it. But just how much EV range is enough? How much range do you actually need? The answer differs for everyone, and we’re here to help you figure it out.

The problem is that, like most things in life, we judge a situation based on our past lived experiences. We’re used to thinking about cars in internal combustion terms: Quick fill-ups, gaining hundreds of miles of driving range. You’ll make dozens of trips, perhaps over weeks, on that one fill-up. That’s what “normal” feels like to most of us. So, an electric car with a range of anything less than several hundred miles seems … scary, impractical. 

But electric cars can’t be thought of like that. They don’t work the same way as gas cars — “several hundred miles” is the wrong context. Even with internal combustion, it’s rare that we utilize all that range in one sitting.

A gas-powered car has a marvelous convenience factor: a vast reserve of energy in a tank that can be quickly and occasionally replenished. But an EV has a convenience factor, too, it’s just different: You replenish the battery in many sips rather than one big gasoline gulp, and you do it from the comfort of your own garage. That might not sound like an advantage — until you’ve experienced the smug pleasure of driving past gas stations, saving $50 or $100 on fill-ups you no longer need.

When the Nissan Leaf was introduced to the world for the 2011 model year, it had an EPA range rating of just 73 miles — and as a practical matter had less range than that when charged to just 80% as recommended for battery longevity. Nissan pointed out that the average daily commute at that time was less than 35 miles, which could easily be replenished in an overnight charge. But many thought the first-generation Leaf sounded like a science experiment.

Except it wasn’t. It just required a different way of seeing what a car can be.

We Americans tend to buy cars based on extreme use cases. We buy SUVs but don’t go off-road. We buy trucks but use them as cars. We want the ability to take a long cross-country highway trip, but might only do that once a year. That original 73-mile Leaf obviously couldn’t road-trip, but it was a clever commuter. When buying an electric car — when buying any car, really — it is important to confront what your actual use case is, not what you hope or imagine it to be.

So how much electric car range is enough? For you? Here are questions to ask yourself.

How far do you really drive in a day?

If you’re considering an EV, first do some research — on yourself. Get a notepad and pen, and log your mileage for a few days. For a week. For a month. How much do you really drive in a day? Is it something like the commuting average that Nissan cited? Or more like 100 miles? Even 200 miles? Do you actually do that much driving day-in, day-out? Be honest.

For some broader context, on average, Americans drive 14,263 miles per year, according to the Federal Highway Administration. Which breaks down to 1,188 miles per month — or 40 miles per day. (A stat that grew a smidge since Nissan cited 35, but by now it may have shrunk again given our post-pandemic work-from-home habits.) But let’s say the average is 40. 

So, is your daily mileage below that average, or at it? Then you’ll love an EV. Are you over average? An EV will probably still work great for you. Read on.

Try this formula

Many automakers recommend charging your EV to 80% for daily use and for the sake of battery longevity, reserving a 100% charge for those times when you know you’ll need maximum range. Likewise, not typically letting your battery percentage fall below 20% is also good battery longevity hygiene, and it ensures you’ve got some reserve range if needed, which should provide some peace of mind. So, setting aside that ceiling and floor leaves a typical daily operating range of 60% of a battery’s capacity.

Now pick an EV you’re interested in, and look up its EPA range estimate at fueleconomy.gov. Ignore the government’s “MPGe” numbers, which for many buyers are not particularly useful, and focus on the range ratings. Now let’s use a Mustang Mach-E AWD in GT trim for this example. Its EPA rating is 270 miles, so 60% of that is 162 miles.

Consumer Reports testing found that cold weather can easily cost an EV 25% of range. (Of course, cold weather is hard on gas mileage in conventional cars, too.) If you live in a cold climate and want to be even more conservative with your calculations, then think of our hypothetical Mach-E’s range as 120 miles in bad weather.

If your daily driving routine is less than this, you’re going to be perfectly comfortable with that car.

Also, keep in mind that many EVs today are excellent at meeting or even exceeding their EPA range, thanks to regenerative braking (the Mach-E is a good example of this). 

 

Next question: Do you have a garage?

Yes, you do have a garage, carport, etc.? Sweet. Conversely, charging an EV is obviously far more difficult for, say, apartment dwellers who don’t have a dedicated space or access to a 240-volt outlet, and maybe the time is not yet right for those people to buy an EV.

There is a lot of talk these days about public charging infrastructure (or lack thereof). It seems we want DC fast chargers to be as plentiful as gas stations (there we go again, applying internal combustion context to EVs). And we want to be able to charge fast, fast, fast. But ideally, you’ll want/need to use public charging only rarely if ever, as it presents drawbacks in terms of time, will cost more than charging at home, and rapid charging perhaps has long-term implications for battery longevity. Home replenishment is an EV’s party trick. Read on.

How long is your car typically parked?

We’ll return to the Nissan Leaf for this example, in this case the base 2024 Nissan Leaf S. The Leaf is one of the most affordable EVs currently on the market, at $29,280. That’s before the $3,750 federal tax credit it’s eligible for.

The Leaf S has a relatively modest range of 150 miles (for daily driving, that’s more like 90 miles based on our 60% formula) with a relatively modest 40 kWh battery pack. Plugged in to a 240-volt outlet, a Leaf S will receive a full charge in about eight hours, and replenish a 60% use in even less. In other words, it’s easily refreshed while you sleep. A Tesla will similarly take about 8-10 hours. Park the car at night, pop it on the charger, enjoy your evening and a good night’s sleep, and in the morning you’re topped off and good to go. What could be easier?

 

But bigger isn’t always better with EV batteries

There’s an important reason why you should be realistic about your daily driving needs and overall use case. If you tell yourself that you want a range of many hundreds of mile on a charge, you for starters are going to be paying a lot more to purchase your car. Just five or six years ago, battery costs made up nearly half the cost of an EV. They are now closer to about a third of the cost, and are projected to continue falling in the years ahead. But if you don’t need hundreds of miles of range on a daily basis, then why pay for it? Beyond the unnecessary cost of buying capacity you don’t need, a bigger battery will require longer charging times.

Now, let’s talk about long highway trips

How often do you road-trip, say for a vacation? Once a year? Twice a year? Five times? In a 2018 study, the University of Michigan’s Transportation Research Institute found that EV owners saved about $600 a year powering their vehicles, spending $485 on electricity vs. $1,117 for a gas-powered vehicle. But that study was based on gas prices four years ago — the savings would be far greater at today’s higher gasoline prices. And this doesn’t even take into account the savings EV owners enjoy from reduced maintenance costs when compared to an internal combustion engine. Ask yourself if it would make sense to drive an EV most of the time, then use all those savings to rent an ICE car for that rare long-distance road trip.

Public chargers are becoming far more common along major highway corridors, if you’re willing to do longer layovers and carefully plot your route. But this is a situation for which “range anxiety” is still a reality.

 

Best of both worlds

You don’t have to leap into the EV world without looking back. You might find you can ease your range concerns by simply hedging your bet.

More than half of American households own two or more cars. The best scenario for buying an EV is if you are among that multi-car majority. We’re convinced that virtually every two-car family in America could replace one of their ICE vehicles with an EV, and they would gain a powerful mix of capabilities. One car saves gas, the other can be employed when range is a concern. (Interest in hybrids is also surging right now as buyers seek to hedge their bests by having internal combustion and battery propulsion in the same car.)

In the two-car-family situation, we can practically promise you that you’ll find yourself driving the EV most of the time. And you’ll never again have to ask how much EV range is enough range.

Related video:

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Best midsize trucks for 2024

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Continue reading Best midsize trucks for 2024

Best midsize trucks for 2024 originally appeared on Autoblog on Sat, 20 Jan 2024 12:00:00 EST. Please see our terms for use of feeds.

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Best 3rd Row SUVs of 2024

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These are our top pics for the best three-row SUVs, including crossovers, full-size SUVs and luxury three-row SUVs.

Continue reading Best 3rd Row SUVs of 2024

Best 3rd Row SUVs of 2024 originally appeared on Autoblog on Sat, 20 Jan 2024 10:40:00 EST. Please see our terms for use of feeds.

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GMC Set to Expand Global Footprint Following a Record-Setting 2023

GMC Set to Expand Global Footprint Following a Record-Setting 2023

2024-01-19

  • GMC closed 2023 with the best retail sales year since 2017 in the U.S. and the best sales year ever in the U.S. for Sierra LD and HD pickups, marking six straight years of sales and share growth
  • Brand’s global momentum continues with an upcoming expansion planned for three new markets: China, Australia and New Zealand
  • In 2024, GMC celebrates the 25th anniversary of the Denali brand and the continued evolution of its SUV lineup, spearheaded by the all-new 2024 GMC Acadia

DETROIT – Following stellar results in North America and beyond in 2023, GMC today confirmed the brand’s global expansion into three new international markets.

Customers in Australia, New Zealand and China will soon join the GMC family with the brand set to launch the Yukon full-size SUV in these high-growth markets. China sales are expected to begin in 2024, with Australia and New Zealand following in 2025. This announcement follows the launch of GMC in South Korea in 2023 with the GMC Sierra LD pickup truck, pioneering the premium pickup market in the country.

These new markets will bolster the brand’s established operations in the U.S., Mexico, Canada and Middle East, and reflects GMC’s incredible momentum and appeal on a global scale.

“GMC is in the most exciting era in its history as we expect to grow competitively in our home market while venturing into new ones,” said Duncan Aldred, global vice president, Buick and GMC. “We’re forging our future as a premium truck and SUV brand and our success shows our customers around the world are just as excited as we are for the road ahead.”

GMC finished 2023 in the U.S. with an increase in retail sales calendar-year-to-date (6.5%), resulting in the best overall sales performance since 2017. A key enabler to this success was the Sierra LD and HD nameplates, achieving their best combined year of sales on record and sixth consecutive year of segment share growth. Additionally, production of the HUMMER EV Pickup and SUV continues to ramp up as excitement and enthusiasm remain high for the all-electric supertruck, which saw retail sales double from 2022 to 2023.

The brand also sold the highest annual volume of both Denali (34%) and AT4 (19%) trims ever, driving record average transaction prices for GMC. In 2024, both trims celebrate milestone anniversaries with the 25th year of Denali, and AT4 marking its fifth year in the GMC lineup.

GMC also racked up outstanding results in current international markets, including:

Canada:

  • Retail sales up 10% in 2023
  • Record total market share of 5.5%
  • Record Sierra HD retail market share of 29.6%
  • Denali and AT4 retail mix of 53%
  • Yukon and Yukon XL best-selling full-size SUV in Canada

Middle East:

  • Total sales increased 15% year-over-year
  • Yukon/Yukon XL sales increased 12% year-over-year

Mexico:

  • Sales increased 14.4% year-over-year
  • Sierra sales increased 90% year-over-year

About GMC
GMC offers a range of premium trucks and SUVs designed and engineered to the highest standard. With vehicles like the compact Terrain and full-size Yukon, all-new Canyon and Sierra light-duty, as well as the world’s first all-electric supertruck the GMC HUMMER EV, our trucks and SUVs deliver GMC’s signature combination of intuitive technologies, precise engineering and premium execution. Built on a strong foundation of manufacturing trucks since 1902, GMC now sells in a dozen countries across the world. Details on all models are available at www.gmc.com.

GMC Set to Expand Global Footprint Following a Record-Setting 2023

GMC Set to Expand Global Footprint Following a Record-Setting 2023

2024-01-19

  • GMC closed 2023 with the best retail sales year since 2017 in the U.S. and the best sales year ever in the U.S. for Sierra LD and HD pickups, marking six straight years of sales and share growth
  • Brand’s global momentum continues with an upcoming expansion planned for three new markets: China, Australia and New Zealand
  • In 2024, GMC celebrates the 25th anniversary of the Denali brand and the continued evolution of its SUV lineup, spearheaded by the all-new 2024 GMC Acadia

DETROIT – Following stellar results in North America and beyond in 2023, GMC today confirmed the brand’s global expansion into three new international markets.

Customers in Australia, New Zealand and China will soon join the GMC family with the brand set to launch the Yukon full-size SUV in these high-growth markets. China sales are expected to begin in 2024, with Australia and New Zealand following in 2025. This announcement follows the launch of GMC in South Korea in 2023 with the GMC Sierra LD pickup truck, pioneering the premium pickup market in the country.

These new markets will bolster the brand’s established operations in the U.S., Mexico, Canada and Middle East, and reflects GMC’s incredible momentum and appeal on a global scale.

“GMC is in the most exciting era in its history as we expect to grow competitively in our home market while venturing into new ones,” said Duncan Aldred, global vice president, Buick and GMC. “We’re forging our future as a premium truck and SUV brand and our success shows our customers around the world are just as excited as we are for the road ahead.”

GMC finished 2023 in the U.S. with an increase in retail sales calendar-year-to-date (6.5%), resulting in the best overall sales performance since 2017. A key enabler to this success was the Sierra LD and HD nameplates, achieving their best combined year of sales on record and sixth consecutive year of segment share growth. Additionally, production of the HUMMER EV Pickup and SUV continues to ramp up as excitement and enthusiasm remain high for the all-electric supertruck, which saw retail sales double from 2022 to 2023.

The brand also sold the highest annual volume of both Denali (34%) and AT4 (19%) trims ever, driving record average transaction prices for GMC. In 2024, both trims celebrate milestone anniversaries with the 25th year of Denali, and AT4 marking its fifth year in the GMC lineup.

GMC also racked up outstanding results in current international markets, including:

Canada:

  • Retail sales up 10% in 2023
  • Record total market share of 5.5%
  • Record Sierra HD retail market share of 29.6%
  • Denali and AT4 retail mix of 53%
  • Yukon and Yukon XL best-selling full-size SUV in Canada

Middle East:

  • Total sales increased 15% year-over-year
  • Yukon/Yukon XL sales increased 12% year-over-year

Mexico:

  • Sales increased 14.4% year-over-year
  • Sierra sales increased 50.4% year-over-year

About GMC
GMC offers a range of premium trucks and SUVs designed and engineered to the highest standard. With vehicles like the compact Terrain and full-size Yukon, all-new Canyon and Sierra light-duty, as well as the world’s first all-electric supertruck the GMC HUMMER EV, our trucks and SUVs deliver GMC’s signature combination of intuitive technologies, precise engineering and premium execution. Built on a strong foundation of manufacturing trucks since 1902, GMC now sells in a dozen countries across the world. Details on all models are available at www.gmc.com.

Junkyard Gem: 1962 Buick Electra 225 4-Door Sedan

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Continue reading Junkyard Gem: 1962 Buick Electra 225 4-Door Sedan

Junkyard Gem: 1962 Buick Electra 225 4-Door Sedan originally appeared on Autoblog on Mon, 15 Jan 2024 12:00:00 EST. Please see our terms for use of feeds.

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Best used trucks to buy in 2024

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Continue reading Best used trucks to buy in 2024

Best used trucks to buy in 2024 originally appeared on Autoblog on Thu, 11 Jan 2024 10:00:00 EST. Please see our terms for use of feeds.

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Best car infotainment systems: From UConnect to MBUX, these are our favorites

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Continue reading Best car infotainment systems: From UConnect to MBUX, these are our favorites

Best car infotainment systems: From UConnect to MBUX, these are our favorites originally appeared on Autoblog on Sun, 7 Jan 2024 12:00:00 EST. Please see our terms for use of feeds.

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