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All-Electric BMW i3 Priced at $42,275

BMW i3 Concept The BMW i3 will start at $42,275 (including a $925 destination charge) when it goes on sale in the second quarter of 2014. The all-electric i3 will join the ranks of plug-in hybrid and electric vehicles that qualify for a $7,500 federal tax credit, which currently include cars like the Chevrolet Volt, Ford Focus Electric, Mitsubishi i, Nissan Leaf and Tesla Model S. Edmunds points out that a full tax credit effectively will lower the i3’s starting ... continue reading»

Tags: Model News, Pricing, BMW i3

Lower Monthly Payments Mean Leasing is on the Rise

2013 Honda Accord sedan Automakers have had strong new car sales so far this year, and an increasing number of leased 2013 vehicles may be part of the reason why more customers are driving cars off of dealer lots. A press release from Edmunds.com indicates that leases comprise a quarter of new car sales so far this year. That would be a 3 percent increase compared with 2012 if the trend continues. [READ: Buying vs. Leasing] “Lease offers have become more important to ... continue reading»

Tags: News, Sales Trends, Buying a Car, Leasing

2014 Chevrolet Corvette Officially Rated at 29 MPG Highway

2014 Chevrolet Corvette Stingray The EPA has officially rated the redesigned 2014 Chevrolet Corvette Stingray at 17/29 mpg city/highway, which works out to 21 mpg combined when equipped with a seven-speed manual transmission. The new Corvette has better fuel economy estimates than the 2013 model, which earned 16/26 mpg city/highway and a combined rating of 19 mpg. General Motors says in a press release that the 2014 Corvette gets 28 mpg on the highway in its normal Tour drive mode ... continue reading»

Tags: Redesigns, Chevrolet Corvette, Model News, Fuel Economy

Diesel Vehicles are Less Expensive to Own

Volkswagen Golf TDI Although they often cost more up front, a new study indicates that diesel-powered cars, trucks and SUVs have lower ownership costs in the long run. In a press release, dieselforum.org says that diesel models cost $2,000 to $6,000 less to own over three to five years than comparable gas-powered vehicles. The study was conducted by the University of Michigan Transportation Research Institute for Robert Bosch LLC, which makes automotive parts for diesel- and gasoline-powered vehicles. Diesel cars ... continue reading»

Tags: News, Stats and Studies, diesel, Ownership Costs

Mazda Unveils Redesigned 2014 Mazda3

2014 Mazda3 Mazda officially introduced the all-new 2014 Mazda3 hatchback at a press event in New York today. The automaker says in a press release that the 2014 Mazda3 is completely redesigned, sharing almost nothing besides its name with the 2013 model. “With more than 3.5 million vehicles sold globally, the Mazda3 is the brand’s best-selling and most recognizable nameplate, and its redesign for 2014 shows just how much attention to detail and care we put into this important vehicle ... continue reading»

Tags: Redesigns, Mazda3, Model News

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