Latest news with #Edmunds'
Axios
a day ago
- Automotive
- Axios
Car buyers' auto debt is snowballing, Edmunds says
A growing share of car owners find themselves underwater on their auto loans, and they are dragging that debt into their next vehicle purchase, according to new data from the car-shopping site Why it matters: High car prices and steep loan rates have combined to create an affordability crisis for U.S. car buyers already under broad financial stress. When car buyers roll up debt owed on their trade-in into the purchase of their next vehicle, they can really get into trouble. By the numbers: More than 1 in 4 new vehicle trade-ins are underwater, a four-year high, according to Edmunds' Q2 data. Americans with upside-down car loans owe an average of $6,754, Edmunds found. Nearly one-third of car owners stuck with negative equity between $5,000 to $10,000 on their trade-in carried that debt into their next car loan. The average monthly payment for buyers who rolled negative equity into a new loan climbed to $915 in the second quarter, compared to $756 a month for the overall industry. Reality check: Potential tax deductions for new car purchases won't offset the thousands more consumers will pay in interest by trading in a car with negative equity, Ivan Drury, Edmunds' director of insights, said in a press release.
Miami Herald
a day ago
- Automotive
- Miami Herald
Best used car values of 2025
Depreciation is when something new loses value over time, and every car experiences it over the years. Some cars depreciate at a faster rate than others, based on several factors beyond normal wear and tear. While this might be bad news for the first owner, who experiences the effects of depreciation right after taking the keys at the dealership, it can be good news for car shoppers in search of a bargain. With this in mind, CarMax partnered with car-review experts from Edmunds to determine the best used car values of 2025. These are cars that have lost much of their value compared to what they once cost and now present a compelling deal for a used car shopper. You might notice a couple of luxury vehicles on this list. It's important to note that luxury vehicles can cost more to service and repair, but if you're OK with that, you're getting a vehicle that feels nicer to drive, has more features, and is offered at a more attainable price for the average person. The following selection of vehicles is based on Edmunds sales data gathered from used car transactions from the fourth quarter of 2024. Vehicles with a high rate of depreciation were then cross-referenced with Edmunds' rating system. To make shopping easier, the "average days to sell" is also included so you can see how fast you should act when seeing a potential vehicle you're interested in. 2020 BMW 7 Series Edmunds rating (when new): 8.4 Original new MSRP: $104,560 Avg used transaction price: $37,772 Value lost: 63.9% Average days to sell: 38 days RepairPal reliability rating: 2.5 out of 5 The 2020 BMW 7 Series is the German automaker's large flagship sedan, and as such, it is loaded with the best the brand has to offer. It starts with an expansive interior trimmed in high-quality materials, incredible attention to detail, a host of advanced technology features, and an array of powertrains with immense power. The 740i trim is the entry point into the 7 Series. Highlights of the 740i's standard features include an adaptive air suspension, a power trunk lid, and power-closing doors. Inside, you'll find a panoramic sunroof, leather upholstery, heated front seats, and tech features that include a 10.25-inch center display, a navigation system, in-car Wi-Fi, Apple CarPlay, a wireless smartphone charging pad, and a 16-speaker Harman Kardon sound system. For 2020, the 7 Series received a cosmetic refresh, which featured a prominent new grille design that is bigger and bolder than the previous model. All 7 Series engines this year received power upgrades. The standard turbocharged V6 went from 320 horsepower to 335 horsepower, while the turbocharged V8 in the 750i trim makes a whopping 523 horsepower (up from 443 horsepower). 2020 Chevrolet Bolt EV Edmunds rating (when new): 7.9 Original new MSRP: $41,070 Avg used transaction price: $17,288 Value lost: 57.9% Average days to sell: 45 days RepairPal reliability rating: The average Reliability Rating for alternative fuel vehicles is 4.0, which is above average, but specific ratings for the Chevrolet Bolt EV are not available at this time. The 2020 Chevrolet Bolt is an excellent example of what an electric vehicle can bring to the table. It's quick to accelerate, whisper quiet, and, best of all, it allows you to skip trips to the gas station. Additionally, the Bolt has surprising interior space for a vehicle that looks so small from the outside. Chevy updated the Bolt's battery pack for the 2020 model year, increasing its capacity without changing its size. This resulted in an increase in total range to a solid EPA-estimated 259 miles. During Edmunds' official range test, the Bolt overperformed its EPA estimate and went an impressive 278 miles on a single charge when it was new. That said, like most things powered by a battery, an EV will lose roughly 1% to 2% of its capacity per year, so your maximum mileage numbers will vary from what is noted here. Chevy Bolts priced under $25,000 should be eligible for the used car EV tax credit of up to $4,000 (provided you meet a few income requirements), which makes the Bolt an even better value. 2020 Lincoln Navigator Edmunds rating (when new): 8.4 Original new MSRP: $94,263 Avg used transaction price: $44,518 Value lost: 52.8% Average days to sell: 47 days RepairPal reliability rating: 3.5 out of 5 The 2020 Lincoln Navigator is a large three-row luxury SUV that stands out among its competitors thanks to a combination of style, presence, capability, and utility. The 2020 model year brought some welcome changes to the Navigator, with Lincoln making active driver-assist features, such as forward collision mitigation, standard, along with a few other changes. More high-tech features were also added, such as the ability to use your phone as a key. The Navigator's standout feature is its powerful 450-horsepower turbocharged V6, which allows up to 8,600 pounds of towing capacity. The only way to top that is to move up to a full-size pickup to get significantly more towing ability. The 2020 Lincoln Navigator is one of Edmunds' best three-row SUVs for 2020. 2022 Chrysler Pacifica Edmunds rating (when new): 7.9 Original new MSRP: $50,789 Avg used transaction price: $24,852 Value lost: 51.1% Average days to sell: 49 days RepairPal reliability rating: 4.5 out of 5 The Chrysler Pacifica is a comfortable and feature-packed minivan. Aside from being a good bang-for-your-buck minivan, there are three main reasons to choose the Pacifica over its competitors. First is the convenience and versatility of its Stow 'N Go seating, which allows you to fold the second-row seats into the floor in seconds. Second is the availability of all-wheel drive. Finally, there's the plug-in hybrid variant, which features an all-electric range of roughly 30 miles before the hybrid system kicks in. The 2021 Pacifica received significant styling updates, new technology, and standard driver aids. Additionally, in 2022, Pacifica models equipped with the rear-seat entertainment system received Amazon Fire TV for Auto capability. This system allows second-row passengers to enjoy their streaming content. The front passengers can also stream movies and shows; however, the van must be in park. Blue 2022 Mazda CX-9 Edmunds rating (when new): 7.9 Original new MSRP: $41,708 Avg used transaction price: $22,789 Value lost: 45.4% Average days to sell: 31 days RepairPal reliability rating: 3.5 out of 5 The Mazda CX-9 is a midsize three-row SUV that prioritizes style and the driving experience. It was positioned as a premium model that comes close to being on par with many luxury brands thanks to its impressive cabin materials and design. It's one of the more fun-to-drive vehicles in a class where driving enjoyment isn't really prioritized. Some of that nimbleness does come at a cost, however. The CX-9 is smaller than its competitors, and it falls short when it comes to cargo, utility, and third-row roominess. For the 2020 model year, some CX-9s were available with a 9-inch center screen and captain's chairs for the second row. Several driver-assist features became standard equipment, such as automatic emergency braking with pedestrian detection, radar cruise control, lane departure warning, and lane-keeping assistance. If you care about the way your SUV feels on the road and aren't always carrying a full load of passengers, the Mazda CX-9 is worth considering. Parting Thoughts The vehicles on this list have lost a significant part of their value from new, but that doesn't mean they're bad cars. Car shoppers sometimes look past lesser-known vehicles in favor of the class leaders, and as a result, these competitors don't hold their value as well. In the case of luxury cars, opting for a used one has its pros and cons, but for those willing to go this route, you're getting a lot of car for the money. Additionally, this rapid depreciation curve tends to stabilize after a while, and you're less likely to see another big drop in value. This story was produced by CarMax and reviewed and distributed by Stacker. © Stacker Media, LLC.
San Francisco Chronicle
a day ago
- Automotive
- San Francisco Chronicle
Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1
The 2025 Acura ADX is all-new this year, and it takes its place as Acura's smallest and least expensive crossover SUV. If you think Acura's RDX or MDX are too big or too expensive, the entry-level ADX could very well satisfy. Among many rivals the ADX faces, one of the most well-established models is the 2025 BMW X1. The X1 arrived in BMW dealerships more than a decade ago, and BMW released this latest third-generation X1 for the 2023 model year. Similar to how Acura positions the ADX, the X1 is the entry point to BMW's extensive lineup of SUVs. The ADX and X1 each have seating for five and city-friendly dimensions. But there are differences in price, features and how each drives. Edmunds' team of experts tested them to find out which pint-size SUV is the better buy. Engines and fuel economy The ADX has a 190-horsepower turbocharged four-cylinder engine paired to a continuously variable automatic transmission. Front-wheel drive is standard, and all-wheel drive is optional. Unfortunately, Edmunds found the ADX lacks the refined dynamics found in other Acura vehicles, particularly regarding acceleration. The ADX needed 9.4 seconds to go from zero to 60 mph during Edmunds' testing. This is much slower than nearly all direct rivals, including the spry X1. In comparison, the BMW X1 delivers more of the premium driving feel expected in a luxury vehicle. A turbocharged four-cylinder produces 241 horsepower in the entry-level xDrive28i model or 341 horsepower in the zesty M35i. Each is fitted to a seven-speed automatic transmission and, unlike the ADX, all-wheel drive is standard. Edmunds found its xDrive28i test vehicle needed only 5.9 seconds for the same sprint to 60 mph. That's a difference you'll feel whenever you need to get up to speed on the highway or desire a burst of power to pass a slow-moving car. Fuel economy is a bragging point of both SUVs. The ADX and X1 xDrive28i each offer an EPA-estimated 28 mpg combined city/highway — this dips to 27 mpg when the ADX is fitted with all-wheel drive. Features and value On price alone, the ADX appears the clear winner. It starts at $36,350 including destination charges. That's thousands less than the X1's entry-level price of $42,525. Standard features in the ADX include synthetic leather upholstery, a 9-inch touchscreen, wireless smartphone connectivity, wireless device charging, and ambient LED interior lighting. It also comes packed with an impressive roster of driver aids, such as blind-spot warning, adaptive cruise control and lane keeping assistance. While the X1 is more expensive, it does get all-wheel drive as standard and not an extra-cost option like it is on the ADX. The racy M35i delivers plenty of punch, though it comes with a price — specifically one starting north of $50,000. Similar to its Acura rival, the X1 is nicely equipped with tech features like a digital instrument display, a 10.2-inch touchscreen and wireless smartphone connectivity. The X1 doesn't come with as many standard driver aids, though it does offer a few extra ones that can't get on an ADX at all. Comfort and utility Edmunds experts found the front seats in the ADX A-Spec Advance test vehicle comfortable, highly adjustable, and wrapped in quality leather upholstery. In comparison, the optional M Sport front seats of Edmunds' X1 test vehicle proved great at holding you in place during quick cornering but possibly too firm for ensuring comfort on long drives. The same held true for the X1's sport-tuned suspension; Edmunds suggests choosing standard seat and suspension settings to boost the X1's comfort levels. Both come standard with heated front seats, but only the ADX has available ventilated seats to help you stay cool on hot days. In the X1's favor is its quiet cabin. The ADX, in contrast, lets in a lot of wind and road noise when you're driving on the highway. Both of these SUVs are respectably roomy. The X1 has more overall headroom front and rear, though the ADX fights back with a small edge in rear legroom. Cargo space is another near tie — the ADX provides up to 24.4 cubic feet of storage compared to 25.7 cubic feet with the X1. This is a close category, but the X1 has enough of an advantage to give it the edge. Winner: BMW X1 Edmunds says The Acura ADX will appeal to you if you're looking for a small crossover SUV that's attractively priced. But it also doesn't do much to differentiate itself from a field full of more accomplished rivals. Overall, Edmunds recommends the X1. It's enjoyable to drive and pleasingly luxurious while still being practical.
The Hill
a day ago
- Automotive
- The Hill
Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1
The 2025 Acura ADX is all-new this year, and it takes its place as Acura's smallest and least expensive crossover SUV. If you think Acura's RDX or MDX are too big or too expensive, the entry-level ADX could very well satisfy. Among many rivals the ADX faces, one of the most well-established models is the 2025 BMW X1. The X1 arrived in BMW dealerships more than a decade ago, and BMW released this latest third-generation X1 for the 2023 model year. Similar to how Acura positions the ADX, the X1 is the entry point to BMW's extensive lineup of SUVs. The ADX and X1 each have seating for five and city-friendly dimensions. But there are differences in price, features and how each drives. Edmunds' team of experts tested them to find out which pint-size SUV is the better buy. Engines and fuel economy The ADX has a 190-horsepower turbocharged four-cylinder engine paired to a continuously variable automatic transmission. Front-wheel drive is standard, and all-wheel drive is optional. Unfortunately, Edmunds found the ADX lacks the refined dynamics found in other Acura vehicles, particularly regarding acceleration. The ADX needed 9.4 seconds to go from zero to 60 mph during Edmunds' testing. This is much slower than nearly all direct rivals, including the spry X1. In comparison, the BMW X1 delivers more of the premium driving feel expected in a luxury vehicle. A turbocharged four-cylinder produces 241 horsepower in the entry-level xDrive28i model or 341 horsepower in the zesty M35i. Each is fitted to a seven-speed automatic transmission and, unlike the ADX, all-wheel drive is standard. Edmunds found its xDrive28i test vehicle needed only 5.9 seconds for the same sprint to 60 mph. That's a difference you'll feel whenever you need to get up to speed on the highway or desire a burst of power to pass a slow-moving car. Fuel economy is a bragging point of both SUVs. The ADX and X1 xDrive28i each offer an EPA-estimated 28 mpg combined city/highway — this dips to 27 mpg when the ADX is fitted with all-wheel drive. Winner: BMW X1 Features and value On price alone, the ADX appears the clear winner. It starts at $36,350 including destination charges. That's thousands less than the X1's entry-level price of $42,525. Standard features in the ADX include synthetic leather upholstery, a 9-inch touchscreen, wireless smartphone connectivity, wireless device charging, and ambient LED interior lighting. It also comes packed with an impressive roster of driver aids, such as blind-spot warning, adaptive cruise control and lane keeping assistance. While the X1 is more expensive, it does get all-wheel drive as standard and not an extra-cost option like it is on the ADX. The racy M35i delivers plenty of punch, though it comes with a price — specifically one starting north of $50,000. Similar to its Acura rival, the X1 is nicely equipped with tech features like a digital instrument display, a 10.2-inch touchscreen and wireless smartphone connectivity. The X1 doesn't come with as many standard driver aids, though it does offer a few extra ones that can't get on an ADX at all. Winner: tie Comfort and utility Edmunds experts found the front seats in the ADX A-Spec Advance test vehicle comfortable, highly adjustable, and wrapped in quality leather upholstery. In comparison, the optional M Sport front seats of Edmunds' X1 test vehicle proved great at holding you in place during quick cornering but possibly too firm for ensuring comfort on long drives. The same held true for the X1's sport-tuned suspension; Edmunds suggests choosing standard seat and suspension settings to boost the X1's comfort levels. Both come standard with heated front seats, but only the ADX has available ventilated seats to help you stay cool on hot days. In the X1's favor is its quiet cabin. The ADX, in contrast, lets in a lot of wind and road noise when you're driving on the highway. Both of these SUVs are respectably roomy. The X1 has more overall headroom front and rear, though the ADX fights back with a small edge in rear legroom. Cargo space is another near tie — the ADX provides up to 24.4 cubic feet of storage compared to 25.7 cubic feet with the X1. This is a close category, but the X1 has enough of an advantage to give it the edge. Winner: BMW X1 Edmunds says The Acura ADX will appeal to you if you're looking for a small crossover SUV that's attractively priced. But it also doesn't do much to differentiate itself from a field full of more accomplished rivals. Overall, Edmunds recommends the X1. It's enjoyable to drive and pleasingly luxurious while still being practical.
Winnipeg Free Press
a day ago
- Automotive
- Winnipeg Free Press
Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1
The 2025 Acura ADX is all-new this year, and it takes its place as Acura's smallest and least expensive crossover SUV. If you think Acura's RDX or MDX are too big or too expensive, the entry-level ADX could very well satisfy. Among many rivals the ADX faces, one of the most well-established models is the 2025 BMW X1. The X1 arrived in BMW dealerships more than a decade ago, and BMW released this latest third-generation X1 for the 2023 model year. Similar to how Acura positions the ADX, the X1 is the entry point to BMW's extensive lineup of SUVs. The ADX and X1 each have seating for five and city-friendly dimensions. But there are differences in price, features and how each drives. Edmunds' team of experts tested them to find out which pint-size SUV is the better buy. Engines and fuel economy The ADX has a 190-horsepower turbocharged four-cylinder engine paired to a continuously variable automatic transmission. Front-wheel drive is standard, and all-wheel drive is optional. Unfortunately, Edmunds found the ADX lacks the refined dynamics found in other Acura vehicles, particularly regarding acceleration. The ADX needed 9.4 seconds to go from zero to 60 mph during Edmunds' testing. This is much slower than nearly all direct rivals, including the spry X1. In comparison, the BMW X1 delivers more of the premium driving feel expected in a luxury vehicle. A turbocharged four-cylinder produces 241 horsepower in the entry-level xDrive28i model or 341 horsepower in the zesty M35i. Each is fitted to a seven-speed automatic transmission and, unlike the ADX, all-wheel drive is standard. Edmunds found its xDrive28i test vehicle needed only 5.9 seconds for the same sprint to 60 mph. That's a difference you'll feel whenever you need to get up to speed on the highway or desire a burst of power to pass a slow-moving car. Fuel economy is a bragging point of both SUVs. The ADX and X1 xDrive28i each offer an EPA-estimated 28 mpg combined city/highway — this dips to 27 mpg when the ADX is fitted with all-wheel drive. Winner: BMW X1 Features and value On price alone, the ADX appears the clear winner. It starts at $36,350 including destination charges. That's thousands less than the X1's entry-level price of $42,525. Standard features in the ADX include synthetic leather upholstery, a 9-inch touchscreen, wireless smartphone connectivity, wireless device charging, and ambient LED interior lighting. It also comes packed with an impressive roster of driver aids, such as blind-spot warning, adaptive cruise control and lane keeping assistance. While the X1 is more expensive, it does get all-wheel drive as standard and not an extra-cost option like it is on the ADX. The racy M35i delivers plenty of punch, though it comes with a price — specifically one starting north of $50,000. Similar to its Acura rival, the X1 is nicely equipped with tech features like a digital instrument display, a 10.2-inch touchscreen and wireless smartphone connectivity. The X1 doesn't come with as many standard driver aids, though it does offer a few extra ones that can't get on an ADX at all. Winner: tie Comfort and utility Edmunds experts found the front seats in the ADX A-Spec Advance test vehicle comfortable, highly adjustable, and wrapped in quality leather upholstery. In comparison, the optional M Sport front seats of Edmunds' X1 test vehicle proved great at holding you in place during quick cornering but possibly too firm for ensuring comfort on long drives. The same held true for the X1's sport-tuned suspension; Edmunds suggests choosing standard seat and suspension settings to boost the X1's comfort levels. Both come standard with heated front seats, but only the ADX has available ventilated seats to help you stay cool on hot days. In the X1's favor is its quiet cabin. The ADX, in contrast, lets in a lot of wind and road noise when you're driving on the highway. Both of these SUVs are respectably roomy. The X1 has more overall headroom front and rear, though the ADX fights back with a small edge in rear legroom. Cargo space is another near tie — the ADX provides up to 24.4 cubic feet of storage compared to 25.7 cubic feet with the X1. This is a close category, but the X1 has enough of an advantage to give it the edge. Wednesdays What's next in arts, life and pop culture. Winner: BMW X1 Edmunds says The Acura ADX will appeal to you if you're looking for a small crossover SUV that's attractively priced. But it also doesn't do much to differentiate itself from a field full of more accomplished rivals. Overall, Edmunds recommends the X1. It's enjoyable to drive and pleasingly luxurious while still being practical. ____________ This story was provided to The Associated Press by the automotive website Edmunds. Nick Kurczewski is a contributor at Edmunds.
