Latest news with #LaurenFix
Yahoo
a day ago
- Automotive
- Yahoo
EV tax credit elimination: What it could mean for Tesla and the US auto industry if it ends
The reconciliation bill working its way through Congress would eliminate the electric vehicle tax credit created under the Inflation Reduction Act. The removal of the credit, created to incentivize U.S. consumers to purchase electrified vehicles, would likely lead to a drop in EV sales and production. However, Tesla sales would likely remain largely unaffected, one expert predicts. "Getting rid of this $7,500 tax credit should not impact [Tesla] sales," automotive expert Lauren Fix told FOX Business. "People buy Teslas because they like the product… They know what their customers want, and those that like Teslas will continue to purchase that product." The One Big Beautiful Bill Act was approved by the House on May 22 in a 215-214 vote. If the measure passes the Senate and is signed into law by President Donald Trump, the $7,500 new-vehicle tax credit and $4,000 used-vehicle tax credit incentives on EVs would be killed, along with subsidies for battery manufacturing, the text of the bill says. The EV tax credit, which started during the Obama administration, is set to expire on Dec. 31, 2032. The new provision "accelerates the expiration to December 31, 2025." Trump Team Reportedly Looking To Kill Biden's $7,500 Ev Tax Credit Ending the clean vehicle tax credit would result in a sharp decrease in EV sales in the U.S., Fix said. "Once that tax credit goes away, I'm expecting [electric vehicles] to be about 2% of sales," Fix said, noting that EVs currently account for around 8% of total car sales in the U.S. "There will still be electric vehicle sales, Tesla will still survive and [Elon Musk] will do well. And other brands will make what consumers want." Read On The Fox Business App Federal Ev Tax Credit Slashed In Half For Some Tesla Model 3S In 2024 Tesla, the leading EV manufacturer in the U.S., has focused more on selling carbon credits to other automakers than it has on consumer tax incentives. The company, which has moved the bulk of its production to Texas, has also become "more efficient and effective" in its manufacturing, according to Fix. "What Tesla has done, and they don't really care about the $7,500 tax credit, is they were selling carbon credits to all the other car manufacturers," Fix said. "That's where they've made their profits." Trump Wants To Roll Back Biden's Ev Push: Here Is How It Would Affect Consumers Meanwhile, other leading EV automakers like Hyundai and Ford may decide to reduce production of electrified vehicles if the One Big Beautiful Bill Act is signed into law, she said. "You're going to see their production quantities drop dramatically," Fix said. "The only reason the manufacturers are building electric vehicles to begin with is because they were mandated to do so." Trump in January issued an executive order to "eliminate the electric vehicle mandate and promote true consumer choice." Click Here To Get Fox Business On The Go Tesla, Hyundai and Ford Motor Company did not immediately respond to FOX Business' request for article source: EV tax credit elimination: What it could mean for Tesla and the US auto industry if it ends Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025
Luxury vehicle buyers are about to witness some incredible deals as high-end SUVs face unprecedented depreciation challenges this summer. Check Out: Try This: According to Lauren Fix, automotive expert at Car Coach Reports, many luxury SUVs will experience massive price drops due to delivery inventory issues, declining demand and elevated insurance rates. Summer 2025 represents an ideal window for purchasing these sophisticated vehicles as dealers become increasingly motivated to clear inventory. The depreciation trends affecting luxury automotive brands stem from shifting consumer preferences, economic pressures and evolving market dynamics. Smart buyers who understand these patterns can capitalize on exceptional opportunities to own premium SUVs at a fraction of original prices. The Alfa Romeo Stelvio faces severe depreciation challenges as this Italian sports SUV struggles to maintain competitive positioning against rivals. According to CarEdge, the Stelvio depreciates approximately 67% after five years, resulting in a resale value of just $18,957. Recent auction results demonstrate the dramatic value decline, with a 2024 Stelvio Veloce selling for $32,500 after originally costing $53,120, per Carscope report. Fix explained that Stellantis ownership has contributed to declining sales alongside concerns about average interior quality and reliability issues. The Stelvio was designed for curvy roads but faces steep competition from established luxury brands offering superior value retention. Consumer awareness regarding high starting prices and questionable long-term reliability continues to impact demand significantly throughout American markets. Be Aware: Jaguar's F-Pace experiences substantial depreciation problems as the British luxury brand struggles with declining consumer interest and weak sales performance. The F-Pace depreciates 57.7% after five years, resulting in a resale value of approximately $24,090 according to iSeeCars. Fix noted that Jaguar's recent commercial campaign for their all-electric vehicles has fallen flat with American consumers. The brand's transition strategy has created confusion among buyers, leading to significant inventory accumulation and aggressive pricing incentives from dealers. Jaguar's historically weak resale values compound current market challenges, making the F-Pace particularly vulnerable to steep price reductions. Dealers are offering substantial deals to move inventory as consumer attention shifts toward more reliable luxury alternatives. The Porsche Macan faces unique depreciation pressures following the brand's controversial decision to electrify their most popular SUV model completely. While the Macan typically depreciates 42.5% after five years — with better value retention than competitors — electric versions are struggling significantly, per iSeeCars. Fix explained that Porsche's transition to all-electric Macan resulted in minimal sales, forcing the reintroduction of gas-powered variants. The Macan handles like a true sports car, but electric vehicle sales have fallen flat among traditional Porsche enthusiasts. EV Macans are accumulating on dealer lots with prices dropping massively as consumer demand remains disappointingly low nationwide. This situation creates exceptional opportunities for buyers interested in electric luxury SUVs at substantially reduced prices. More From GOBankingRates The New Retirement Problem Boomers Are Facing Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025
Yahoo
24-05-2025
- Automotive
- Yahoo
8 Undervalued Classic Cars That Are Actually Worth a Lot of Money
The collector car market isn't just about Ferraris and seven-figure auctions. Plenty of models are flying under the radar while quietly climbing in value, perfect for classic car enthusiasts. Owning a retro vehicle is about more than just getting from A to B, it's usually about appreciating the history, loving the style or making a smart investment (all of the above, more often than not!) Be Aware: Consider This: GOBankingRates spoke to two automotive experts who shared some classics that are worth watching now. These cars offer rarity, performance and design appeal without requiring very deep pockets. Overshadowed by the Mustang it helped inspire, the Falcon Sprint has become a cult favorite, according to Lauren Fix, founder of Car Coach Reports. Lightweight, V8-powered and scarce, Fix values these between $20,000 and $35,000. They're now being appreciated on their own merits rather than viewed as Mustang prequels. Discover More: The Mustang has always had collector appeal, but models equipped with the GT Equipment Package, especially fastbacks, are seeing renewed interest. Terry Shea, Marketplace Editor at collector car marketplace Hemmings, highlighted this version for its rarity, stronger V8s and better handling. Fewer than 45,000 GTs were produced across two years, a sliver of total Mustang output. The early pony car craze still has fuel in the tank. A sleeper among sedans, the 6.9 hides big-block muscle under luxury sheet metal. 'Don't be fooled by the three-pointed star hood ornament,' said Shea — it's a muscle car in disguise. Less than 2,000 were sold in the U.S., and with advanced tech like early ABS and self-leveling suspension, it's starting to gain the attention it missed decades ago. Often ignored for not being a 911, the Porsche 944 offers sharp handling and solid design. Fix shared it as a $15,000 to $40,000 buy that's fun to drive and gaining traction as a retro-cool sports car with real Porsche DNA. According to Fix, the C4 ZR-1 is 'undervalued due to its dated angular design' but delivers serious performance and growing collector interest. Priced between $10,000 and $20,000, the ZR-1 combines exclusivity with serious output from its Lotus-designed V8. It's a smart entry point for future value. According to Shea, the S2000 is a 'free-revving' anomaly in a market dominated by tech-heavy performance cars. With its 9,000 rpm redline and roadster styling, it fills a gap in today's electric-first landscape. Nothing else on the road drives quite like it, and as buyers realize what's been lost, prices are catching up. Shea shared the C5-generation Corvette Z06 as a prime example of accessible performance with long-term upside. All Z06s featured the LS6 V8, six-speed manual and a rigid, lightweight body. 'It's only a matter of time before collectors turn again to the C5, particularly the high-performance Z06,' he said. As prices for later-generation Corvettes climb, this analog-era powerhouse is being rediscovered. Shea also flagged the M3 for its naturally aspirated S54 engine, razor-sharp handling and pure driving experience. 'Today's M cars are quite a bit quicker,' he explained. 'But the '01 to '06 M3 delivers a more visceral experience for most drivers.' Prices remain strong and are expected to stay that way. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 8 Undervalued Classic Cars That Are Actually Worth a Lot of Money
Yahoo
08-04-2025
- Automotive
- Yahoo
5 Used Luxury German Cars That Are Good Investment for Retirees
German luxury cars often come with a reputation for high maintenance costs, but that doesn't mean they're all bad investments. In fact, several models from BMW, Audi, Mercedes-Benz and Porsche offer strong resale value, lasting performance and modern comfort. For retirees, those factors matter more than ever. The key is to choose vehicles that strike a balance between prestige and long-term practicality. For You: Check Out: 'German cars have a stellar reputation for a reason and that is they hold their value well over time,' said Lauren Fix, automotive expert at Car Coach Reports — emphasizing their engineering, build quality and resale strength. Used models are especially attractive, as the biggest chunk of depreciation is already factored into the price. The five cars below were handpicked based on Fix's insights and supported by data from trusted automotive analysts. In contrast, here are used luxury German cars retirees should avoid. The BMW 2 Series blends sportiness with compact design, making it a great fit for retirees who want both agility and comfort. Lauren Fix included the BMW 2 Series among her top picks for retirees, citing its strong resale value at an estimated 61%. While BMWs are known for higher maintenance costs, this model remains manageable with average upkeep of $922 per year, according to RepairPal. Trending Now: It offers supportive seating, responsive handling and a refined cabin without the overwhelming tech found in larger luxury sedans. For retirees looking for reliability, retained value and the iconic BMW driving feel, the 2 Series delivers all three without financial regret. The Mercedes-Benz G-Class or 'G-Wagon,' is one of the few large luxury SUVs that holds its value exceptionally well over time. Lauren Fix cited the G-Class among her top five used German cars for retirees, estimating a 63% value retention. While maintenance and insurance can be expensive, these costs are balanced by strong resale performance and brand prestige. According to RepairPal, the annual maintenance cost for a Mercedes-Benz G500 is around $1,461. Despite the costs, the G-Class provides unmatched presence, top-tier build quality and timeless design. Retirees looking for durability, status and value protection will find the G-Wagon delivers all three. Audi's Q3 subcompact SUV provides a smooth ride, intuitive controls and easy maneuverability — three qualities ideal for older drivers. CarEdge reported only 38% depreciation over five years, making it one of the best performers in its class. Lauren Fix backed the Q3 as a smart investment, estimating a 61% value retention and noting that Audi, like BMW, 'generally holds value well over time.' The Q3 also boasts low ownership costs for a German SUV. RepairPal put the Q3's average yearly maintenance at $956. With a premium interior, comfortable ride and useful cargo space, the Q3 is ideal for daily errands, weekend getaways and everything in between. For retirees who want a luxury crossover that drives small but feels upscale, the Audi Q3 fits perfectly. The Porsche 911 is more than just a race car; it's a worldwide icon that sells for a lot of money. Lauren Fix said the 911 was a great choice for retirement because it will hold 83% of its value, which is more than any other car she talked about. RepairPal said the yearly upkeep costs around $1,072, but that cost is balanced by the fact that it doesn't lose much value. The 911 is perfect for retirees with the money who want something that works well and will be popular for a long time. It's elegant, well-known and good for the wallet, which isn't often found in expensive sports cars. The Audi TT sticks out because it is small, stylish and fun to drive, all in a luxurious package. It's also one of the most valuable luxury cars in its class over time. Lauren Fix said that the Audi TT was one of the best used German purchases for retirement because it has a selling value of 70%, which was much higher than the average for the class. According to RepairPal, the yearly cost of repair is about $752, which is about right for a German sports car. Audi stopped making the model in 2023, which makes it more likely that it will be popular as a modern classic in the future. The TT is a great choice for retirees who still want to drive quickly without giving up comfort or value. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 5 Cities You Need To Consider If You're Retiring in 2025 4 Things You Should Do if You Want To Retire Early 10 Cars That Outlast the Average Vehicle This article originally appeared on 5 Used Luxury German Cars That Are Good Investment for Retirees
Yahoo
19-03-2025
- Automotive
- Yahoo
I'm a Car Expert: These 5 Foreign Cars Are the Best Frugal Buys of 2025
These days, finding affordable cars that do not compromise on quality or features can be a challenge. There are several models in 2025 from foreign manufacturers that offer exceptional value at no expense and conspicuously eschew reliability. According to Lauren Fix from Car Coach Reports, there are hidden gems that might have the same quality but at lower prices. Explore More: Check Out: Fix said most people purchase vehicles without thinking about Mazda or Subaru as an option. Many of these less-looked-at foreign brands offer better standard features and, in many cases, comparable reliability ratings to their more popular competitors. 'I think the 2025 Nissan Versa … is the best value car available in 2025 with a starting price of only $18,300,' Fix said. Acme Nissan highlights the 'surprisingly roomy interior' with 'soft-touch surfaces' and available 'Zero Gravity front seats' that enhance comfort during longer drives. The infotainment system features 'clear and intuitive' controls with simple buttons and knobs that make operation straightforward even while driving. From 14.7 cubic feet in the basic trim to 15 cubic feet in the SV and SR trims, this automobile has 'enough space for six carry-ons.' Higher trims include helpful features like a wireless phone charger, automatic climate control and stylish blue dash trim that adds visual appeal to the cabin. The basic model has fewer features, but the 2025 Versa's interior is affordable, with 60/40 split-folding rear seats in SV and SR versions for more storage. Discover More: The 2025 Mazda3 starts at $25,135 and delivers near-luxury quality that belies its mainstream price, according to Car and Driver. Its Skyactiv-G 2.5-liter engine generates 191 horsepower and 186 pound-foot of torque for responsive performance in all driving conditions. The sedan includes Mazda's comprehensive i-Activsense safety suite with advanced driver assistance features as standard equipment across all trim levels. New for the 2025 model, the Mazda3 integrates Alexa Built-in technology for convenient voice control of various vehicle functions and connected home devices. The car also features Mazda Online Navigation with over-the-air updates to ensure drivers always have access to the latest mapping data and routing information. Interior appointments include quality materials throughout the cabin, precisely weighted controls and an ergonomic infotainment system designed to minimize distraction while driving. The 2025 Hyundai Venue starts at $21,395 and represents exceptional value in the compact crossover segment, according to Car and Driver. Its 121-horsepower four-cylinder engine delivers adequate motivation around town while achieving impressive fuel economy ratings of up to 35 mpg on the highway. Standard safety features include forward-collision warning, automated emergency braking, lane-departure warning and lane-keeping assist on even the base model trim. Hyundai protects Venue owners with a generous five-year or 60,000-mile limited warranty that stands out in the competitive small crossover segment. The powertrain coverage extends to 10 years or 100,000 miles, giving budget-conscious shoppers peace of mind against expensive mechanical failures. Hyundai even includes three years of complimentary scheduled maintenance, saving owners hundreds of routine service costs during early ownership. The Kia Niro offers exceptional value with hybrid, plug-in hybrid and full electric versions to match driving needs and budget preferences. Its hybrid variant achieves up to 49 miles per gallon combined, according to EPA estimates published by making it one of the most efficient nonluxury vehicles available. Lauren Fix explained that 'Hyundai and Kia are the only budget-friendly brands with the longest warranty, 10 years/100,000 miles,' providing unmatched protection for cost-conscious buyers. Standard features include dual-zone climate control, heated front seats and a comprehensive suite of driver assistance technologies for safer daily commuting. The Niro combines practical SUV styling with a comfortable interior and impressive cargo capacity despite its relatively compact exterior dimensions. The Toyota Corolla continues its legendary reliability reputation with a starting price of around $23,500 for the 2025 model year, according to Toyota's official website. Toyota equips even base models with their Safety Sense 3.0 suite, including adaptive cruise control, a pre-collision system with pedestrian detection, and lane departure alert. Lauren Fix noted that 'Toyota and Honda offer the best high-quality, reliable vehicles with great resale value' among all foreign manufacturers selling cars in the American market. The Corolla's hybrid variant achieves exceptional fuel economy ratings, exceeding 50 miles per gallon while providing responsive acceleration for confident daily driving. Consumer Reports consistently ranks the Corolla among the most reliable vehicles available, with owners reporting fewer unexpected repairs and lower overall maintenance costs. The Corolla's high resale value also makes it a cheaper purchase by letting owners recuperate more of their original investment. More From GOBankingRates 4 Things To Watch for as Elon Musk Takes on Social Security 6 Big Shakeups Coming to Social Security in 2025 Warren Buffett: 10 Things Poor People Waste Money On 7 Things You'll Be Happy You Downgraded in Retirement This article originally appeared on I'm a Car Expert: These 5 Foreign Cars Are the Best Frugal Buys of 2025
