Here's the Thing

Gas prices decline slightly as summer's end approaches

(September 8, 2023) WASHINGTON, D.C. — The national average for a gallon of gas fell following Labor Day, declining two pennies since last week to $3.80. The decrease comes despite a recent spike in the price of oil, the primary ingredient in gasoline.

Annual new-car ownership costs boil over $12,000

Ownership costs driven by record
vehicle prices, high finance rates

(September 7, 2023) ORLANDO, Fla. —  AAA’s Your Driving Costs (YDC) has been a reliable data source for the expenses associated with owning and operating a brand-new vehicle for more than seven decades. Based on the latest figures, the average cost of owning and operating a new vehicle in 2023 has increased significantly, with an annual expense of $12,182 or a monthly cost of $1,015. This is a sharp increase from 2022 when the average yearly cost was only $10,728, or $894 monthly. 

Used-car buyers facing bigger price tags, limited selection

(September 4, 2023) SANTA MONICA, Calif. — Years of postponed vehicle purchases are propping up the used market despite ongoing unfavorable conditions for car shoppers. According to the latest Used Vehicle Report released by the car shopping experts at Edmunds, the average days to turn for used vehicles dropped to 34 days in Q2 2023 compared to 39 days in Q2 2019 which analysts say is a strong indicator that vehicle acquisition is a high priority for consumers regardless of those unfavorable conditions.

Dodge muscle cars once again top HLDI’s list of most-stolen vehicles

Dodge Charger SRT Hellcat

(September 4, 2023) Two Dodge muscle cars, the Dodge Charger SRT Hellcat and Dodge Charger HEMI, once again top the Highway Loss Data Institute’s list of the most-stolen vehicles for model years 2020-22. Meanwhile, a viral trend targeting Hyundai-Kia vehicles propelled four Kia models into the top 20.

Chevy tweaks off-road capability for Silverado ZR2 with Bison Package

By Paul Borden

(September 3, 2023) Four years after adding upgrades to enhance off-roading capability on its mid-size Colorado pickup, Chevrolet has made the Bison package available in ZR2 models of the 2023 Silverado 1500 pickup.

Gas prices hit pause ahead of Labor Day weekend

(September 1, 2023) WASHINGTON, D.C. —While damage assessments are still being made in the wake of Hurricane Idalia, pump prices remained in neutral, with the national average for a gallon of gas falling by a penny since last week to $3.82. Oil and gas experts have noted that overall gasoline demand this summer failed to match previous years, with consumption getting little “lift” from vacation travel this summer despite retail gasoline prices below last year’s. There is a lot of speculation as to why, but no one seems to know for sure.

2023 Mercedes EQS 580 SUV — Outselling the sedan version

By Paul Borden

(August 31, 2023) Mercedes-Benz has set an ambitious goal of going “all electric” with its vehicle fleet by the end of this decade with the caveat of “where market conditions” allow, which a cynic (ahem!) might suggest gives the Germans an out should buyers prove to be reluctant to participate in this automotive revolution.

Labor Day weekend travel is up over last year according to AAA

Road trip travelers will see
gas prices similar to last year

(August 30, 2023) WASHINGTON, D.C.  — As summer winds down, many Americans are heading out of town. AAA booking data for flights, hotels, rental cars, and cruises shows Labor Day weekend travel is up over last year: domestic bookings are up 4% and international bookings are up 44%.

IIHS commentary — Simple steps could reduce motorcyclist deaths

By Eric Teoh

Director of Statistical Services, IIHS

(August 30, 2023) In the 15 years since I began researching motorcyclist safety, evidence has continued piling up about commonsense measures that could reduce deaths. However, we have failed to fully implement these solutions, and the death toll in the U.S. has continued to rise, reaching a record high of over 6,000 in 2021, the latest year for which statistics are available. Thinking of all the motorcyclists I’ve known in the safety community over the years, this toll isn’t just a number to me. We’ve got to do more to address this aspect of our road safety crisis.

Study finds it's hard to find late-model used cars under $20,000

(August 29, 2023) Used-car shoppers who want to purchase a late-model vehicle for under $20,000 will need a time machine. Four years ago, sub-$20,000 cars made up nearly half of options in the pool of 1- to 5-year-old used inventory. Those vehicles now make up a scant 12 percent, according to an used-vehicle pricing study published this month,.