In the past week alone, the price for a gallon of regular gasoline in Chicago and the surrounding areas has soared by a startling 18¢, reaching all-time highs of $4.67 within the city and $4.51 in the suburbs. Record-high gas …
cars
When New Cars Are Cheaper Than Used Cars
Sometimes, thanks to a combination of soaring used car values and special dealership and automaker incentives, the stars align and a fluky thing happens: Buying a new car is cheaper than a used version of the same model. It’s …
What, You Only Have 100K Miles on Your Car? That’s Nothing
Once upon a time, a driver could get some form of pride, and perhaps even bragging rights when his car reached into the six figures for mileage. A consumer who owned a car that hit 100,000 miles without the need for any major …
Consumers Are Upset About High Gas Prices—But Not Enough to Stop Shopping
Plenty of drivers are worked up about the cost of gasoline. In a recent survey, 85% of Americans said that the government should take “immediate actions” to rein in fuel prices. But while there’s no denying people are agitated …
Even with $4 Gas, Few Drivers Choose Electric Cars—Or Even Hybrids
With each passing month, and with the average gallon of gas rising 1¢ more each day, consumers are turning more and more to fuel-efficient cars. The average new car sold in February got 23.2 mpg, up from 22.9 mpg in January and …
Are High Gas Prices Boosting Online Shopping?
For years now, consumers have grown increasingly comfortable with the idea of doing a fair amount of their shopping online. Over the most recent winter holiday season, e-commerce revenues increased an impressive 15%, compared to …
Why This Tuesday Is One of the Worst Days of the Year to Buy a Car
March 6 is not a good day to buy a new car. In fact, if you’re hoping to get a decent price at the dealership—and who isn’t?—this Tuesday is supposedly the worst day of the month, and one of the worst days of the entire year, …
Shopping Spree: 10 Companies Doing Surprisingly Good Business
There are certain retailers and service providers that everyone knows are doing well in terms of sales. When Apple posts impressive sales figures, no one is surprised. Given the still shaky state of the economy, it’s also …
Monster Month for Car Sales: Auto Purchases Rise 20% in February
It has been an especially good month for car sales from two American automakers, Ford and Chrysler. The latter’s sales are up 27%, compared with February 2011.
How the Warm Winter Is Mother Nature’s Mini Stimulus Program
When Gas Prices Are High, High Car Prices Follow
Three states have already passed the $4-a-gallon mark for gas: Alaska, California, Hawaii. Three more—New York, Connecticut, Oregon—look like they’ll be next. By springtime, $4 is expected to be the average price for a gallon …
Drivers Upgrading to New Cars at Slowest Pace in Years
Buy a new car, and the odds are getting better and better that you’ll still have it when it’s an old car. Not long ago, after buying a car new, the average driver kept it for four years before selling it or trading it for another …