Cars Blog

Saturday, February 19, 2011 8:00 am
By Claes Bell, CFA · Bankrate.com

Penske Automotive Group, which owns a massive chain of auto dealerships worldwide, announced this week it was ending its relationship with Smart. Smart cars will now be sold and serviced at Mercedes Benz dealerships instead, following a brief transition. It’s not hard to see why Penske made this decision. Since being introduced to the U.S.

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Tags: auto, Cars
Wednesday, February 16, 2011 11:17 am
By Claes Bell, CFA · Bankrate.com

Sending a kid off to college in the fall? If you’re thinking about buying him or her a car or helping out with costs, enrolling your child in car sharing might make more sense. Car-sharing provider Zipcar has been particularly aggressive about enrolling colleges in partnerships to provide car sharing on their campuses. The company

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Wednesday, February 9, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

Remember that whole unintended acceleration thing that supposedly happened with Toyota cars? No, not the one caused by the accelerator pedal getting stuck down; that was legit. I’m talking about the allegation that Toyota cars were plagued by faulty electronics that could cause them to accelerate on their own. Well, turns out the claims were

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Tags: auto, Cars
Saturday, February 5, 2011 8:00 am
By Claes Bell, CFA · Bankrate.com

Memo to tax cheats out there: Don’t try to claim an electric car tax credit when you buy a Dodge Durango. From the Associated Press: A Treasury Department inspector general report says nearly 13,000 taxpayers erroneously claimed about $33 million in credits for plug-in electric and alternative vehicles during the first six months of 2010.

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Tags: auto, Cars, tax, Taxes
Wednesday, February 2, 2011 10:34 am
By Claes Bell, CFA · Bankrate.com

After averaging a relatively modest $2.78 in 2010, the federal government’s Energy Information Administration predicts the price of gas will rise substantially this year and next, hitting an average of $3.29 in 2012, with price spikes temporarily raising the price well beyond that number. The prediction comes in the EIA’s most recent “Short-Term Energy Outlook,”

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Tuesday, February 1, 2011 1:02 pm
By Claes Bell, CFA · Bankrate.com

It looks like the federal government may one day require you to take a sobriety test every time you start your car (from the Associated Press): An alcohol-detection prototype that uses automatic sensors to instantly gauge a driver’s fitness to be on the road has the potential to save thousands of lives, but could be

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Tags: auto, Cars
Saturday, January 29, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

I had an interesting car experience this week. I took my Mazda into my regular mechanic for a routine oil change plus a tire rotation and a brake check. When I got the car back, however, I suspected the rotation hadn’t been done, even though I was billed for it on the invoice. Normally, when

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Tags: auto, Cars
Wednesday, January 26, 2011 8:00 am
By Claes Bell, CFA · Bankrate.com

Sitting in traffic isn’t just annoying, it’s expensive. A new report from the Texas Transportation Institute, via CBS Moneywatch, finds commuters during peak timess in 12 American cities spent an average of more than $1,000 worth of time and gas idling in traffic in 2009. TTI’s annual Urban Mobility Report measures the cost of delays

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Tags: auto, Cars
Saturday, January 22, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

If you’ve ever wished you could be sleeping or watching a movie instead of driving your car, Volvo may one day have a new product for you: the first ever operational road train. CNET’s Car Tech blog has a breakdown of how the technology would work: Volvo has successfully demonstrated a vehicle road-train system that

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Tags: auto, Cars
Wednesday, January 19, 2011 5:23 pm
By Claes Bell, CFA · Bankrate.com

Nearly two years after the financial crisis of 2008-2009, life is still tough for car buyers with bad credit. According to a report by CNW Research, lending to car buyers with a credit score below 640 dropped from $51.37 billion in 2007 to just $8.99 billion last year. For those keeping score at home, that’s

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