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This photo provided by Hyundai shows a woman charging a 2022 Hyundai Ioniq 5 at a charging station. The time to charge at a station can vary depending on the size of the vehicle's battery and the number of volts the station and the car can handle. (David Dewhurst/Courtesy of Hyundai Motor America via AP)

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Edmunds answers the top 5 questions for new EV buyers
By RONALD MONTOYA - Edmunds
Wed,12/14/22-5:35AM , 252 Reads
Electric vehicles, or EVs for short, have been the hot car commodity for 2022. Their sales were up nearly 82% from 2021 and now make up 5% of the total market, according to Edmunds data. But many prospective buyers have questions and reservations about this new technology.
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A potential buyer surveys a 2022 CR-V sports-utility vehicle on the showroom floor of a Honda dealership, Thursday, Nov. 3, 2022, in Highlands Ranch, Colo. (AP Photo/David Zalubowski, File)

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Edmunds: How to mitigate rising auto loan interest rates
By RONALD MONTOYA - Edmunds
Wed,11/23/22-6:12AM , 296 Reads
The Federal Reserve issued its latest interest rate hike in early November. It marks the sixth increase this year and has pushed new auto loan finance rates to their highest since 2019. Rates for used cars have also hit their highest since 2010.
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The cockpit of a Ford Mustang Mach-E electric car is pictured at the Motor Show in Essen, Germany, Thursday, Dec. 2, 2021 (AP Photo/Martin Meissner)

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Edmunds: The pros and cons of vehicle touchscreens
By RONALD MONTOYA - Edmunds
Wed,09/21/22-5:23AM , 262 Reads
There’s no denying the impact that smartphones and tablets have had on modern vehicles. Look into just about any new car and you’ll find a touchscreen and maybe even a bank of capacitive touch buttons that seek to approximate the function of mechanical buttons. The appeal is obvious: A cabin with these design elements can look sleek and modern.
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Prospective buyer chats with a sales associate as a 2022 Cooper S hardtop sits on the otherwise empty showroom floor of a Mini dealership Friday, May 6, 2022, in Highlands Ranch, Colo. As if buying a new car in today’s supply-constrained market wasn’t hard enough, this year, many shoppers are experiencing sticker shock when they realize that the car they wanted has a price tag well over the manufacturer’s suggested retail price. (AP Photo/David Zalubowski, File)

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Edmunds: How to mitigate or avoid dealer markups
By RONALD MONTOYA - Edmunds
Wed,08/10/22-5:46AM , 261 Reads
Throughout 2022, new-car shoppers have been paying an average of about $700 over the manufacturer’s suggested retail price, according to Edmunds data. Those in the market for a new vehicle today may experience sticker shock after seeing a dealership has priced the vehicle they want well over MSRP.
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