Latest news with #GMCDenali
Mint
06-07-2025
- Automotive
- Mint
Has there ever been a better time to buy an EV?
EV prices are low but U.S. consumers aren't that interested. Not even bargain-basement deals are enough to entice U.S. drivers to go all-in on electric vehicles. A Hyundai dealership in New Jersey is hyping a $169-a-month lease on its Ioniq 6 sedan, which carries a sticker price of about $38,000, making it far less expensive than a comparably priced lease on its gasoline-burning models. Kia will lease its small Niro EV SUV for as little as $129 a month. And a GMC dealership in Indiana touts the Hummer EV—with a $100,000 sticker price—for a monthly lease payment of $650, similar to the monthly payment for a gas-powered car that costs half as much to buy. The dealership in Kokomo, Ind., sells about one Hummer EV a month, sales manager Travis Shedron said. Curious shoppers will check it out, then opt for a gas-powered Cadillac Escalade or GMC Denali instead. 'They're doing well, but they're not selling as well" as gas-powered alternatives, he said of the Hummers. Across the industry, sales of battery-powered cars are falling despite financial incentives. Even as automakers pile on the financial incentives to entice buyers, EV sales are falling. In June they were lower by 6.2%, the third straight monthly decline for battery-powered cars, according to estimates from Motor Intelligence, an industry-research firm. Tesla, which accounts for roughly half the EV market in the U.S., said last week that its global sales dropped 13.5% during the second quarter. The plunge comes despite EV makers spending record amounts on customer discounts and incentives. Meanwhile, Republican lawmakers are phasing out the $7,500 EV tax credit that has been in place for years to help boost sales. Why are so many American drivers hesitant? 'It's [driving] range, it's cost and it's charging infrastructure," said Mark Barrott, automotive lead at consulting firm Plante Moran. 'They've always been the big three reasons." Despite EV skepticism, EV models have proliferated. There are 75 models on sale in the U.S. this year, up from fewer than 20 on offer in 2020. There are twice as many incentives offered to buy EVs as exist for gas-powered cars, said Stephanie Valdez Streaty, an analyst for Cox Automotive. Promotions covered more than 14% of the average transaction price in May, according to Cox's data. Vehicles were on display in May at a car expo in Washington, D.C., hosted by the Transportation Department. Tesla's price drops have driven the market, she added. During the most recent quarter, Tesla offered 0% financing for its Model 3 sedan, which starts at roughly $42,000, and the Cybertruck, which starts at $69,990. Last week, the Tesla showroom in Manhattan's Meatpacking District was busier than traditional car dealerships lining 11th Avenue in Hell's Kitchen, but tourists accounted for most of the foot traffic. Out-of-towners seemed more interested in snapping photos of Tesla's Optimus humanoid robot than taking a test drive. Vincent Darbouze of Quebec stopped to compare the latest Tesla models with the Swedish Polestar EV he owns. He said he has no plans to trade in his vehicle now, but could be convinced by the right financial incentives. 'I know the tax credits in the U.S. are kind of done," he said. The EV tax credits targeted by Republicans have been a key driver of electric-car sales, particularly among less-affluent buyers. For new cars, the credit amounts to as much as $7,500 off the price, while used-car costs can be cut by up to $4,000. President Trump's 'big, beautiful bill" puts an end to those credits as of Sept. 30. A Tesla car dealership in the Brooklyn, N.Y. Federal EV tax credits are set to end in September. Some drivers may be motivated to buy or lease an EV before fall, but analysts aren't expecting a groundswell of interest. That is because making the leap to an EV can be daunting because of the cost of home chargers and the lack of a robust charging infrastructure in many U.S. cities and along major highways. Many carmakers including Ford, BMW and Hyundai are trying to allay these worries with deals for free home-charger installation or offers to cover the cost of charging at a public station. Leasing has remained the primary way for dealers to move EVs off their lots. Wealthy customers and pricier EVs haven't been eligible for the EV credit that is expiring, but those restrictions haven't applied to leased vehicles. In the fall, both sales and leases will have to succeed or fail in an unsubsidized EV market. 'That gives us basically 60 days to figure out what our plan is," said David Christ, general manager of Toyota in North America. 'The ground under the transactional experience for the EV is about to change and we'll have to reset." Write to Ryan Felton at Sharon Terlep at and Imani Moise at
Yahoo
09-06-2025
- Yahoo
Jury convicts St. Paul man in 2023 shootout at White Bear Lake bar
A jury has found a St. Paul man guilty of exchanging a flurry of gunshots with another man outside a White Bear Lake bar in 2023 after an argument over a spilled drink. Kardell Baraka Otae Jackson, 51, was convicted Friday in Ramsey County District Court of all three charges against him: second-degree assault and two counts of possession of a firearm or ammunition by a prohibited person. The verdict followed a two-day trial before Judge Kellie Charles. Jackson was taken into custody after the verdict, and sentencing is scheduled for July 28. His attorney, assistant public defender Tyler DeHaven, said in an email Monday after a request for comment, 'Mr. Jackson is disappointed in the outcome, but will continue to explore his legal options.' Jackson and Charles Edward Stevens-Thigpen fired a total of 13 rounds at each other in the parking lot of Doc's Landing, including one that grazed a 48-year-old man who was sitting in the bar. A bullet was found lodged in a dart machine, and three bullet holes were discovered in the bar's roofline. Stevens-Thigpen, 37, of St. Paul, pleaded guilty to second-degree assault in July and faced a three-year prison term because he had no prior felony convictions. He was given three years of probation at his March sentencing after his attorney argued he was not the primary aggressor. According to the charging documents, officers were called to the bar along White Bear Avenue just north of Interstate 694 shortly before 1 a.m. Sept. 24, 2023. The shooters had fled but were soon identified as Stevens-Thigpen and Jackson. Surveillance video showed that Stevens-Thigpen and Jackson got into a 'heated dispute' inside the bar. At one point, Jackson held a pool cue as if he was going to strike Stevens-Thigpen with it. Two women and a man intervened and blocked Stevens-Thigpen and Jackson from one another. Jackson ran to his Chevrolet Tahoe and grabbed a gun, while Stevens-Thigpen grabbed one from his GMC Denali. When he rounded a corner of the bar, Jackson fired off a shot at him, and the two men exchanged gunfire, the charges say. Stevens-Thigpen nearly shot a woman who ran toward Jackson's Tahoe. Jackson helped her get into the SUV before he again shot at Stevens-Thigpen. Stevens-Thigpen 'grimaced' and began to favor his right leg, the charges say. As Jackson and the woman fled the parking lot, Stevens-Thigpen fired three to four more rounds at the Tahoe. He ran to the Denali and also fled. Stevens-Thigpen voluntarily went to the police department two days later, turning over a Smith and Wesson 9mm handgun to police when he arrived. He said he went to a doctor a day after the shooting because of severe bleeding from a gunshot to his thigh, and that his family convinced him to talk to police. He told police he was at the bar when he bumped into a table, knocking over a glass of soda onto his ex-girlfriend's sister. He said that caused an argument with the woman, who was Jackson's girlfriend, and Jackson intervened. Charges filed in drive-by shooting outside Burnsville High School graduation Under Patel, FBI heightens focus on violent crime, illegal immigration. Other threats abound, too Lakeville man sentenced in first wage theft criminal conviction in state St. Paul fire inspector charged in assault of 13-year-old on way to school Police: Gunshots followed Burnsville High School graduation ceremony, but no injuries 'The man told me that he got something for my (expletive) ass and he's gonna pop me,' Stevens-Thigpen said at his July 8 plea hearing. Stevens-Thigpen said he went to his Denali to get his 9mm as a 'precaution.' 'I believe four shots were fired before I fired my first shot,' Stevens-Thigpen said at his plea hearing. Jackson was arrested Sept. 27 in the parking lot of his workplace. His Tahoe had three bullet holes to its passenger side. He denied firing a gun at the bar. Officers executed a search warrant on his Tahoe and recovered a Glock 9mm handgun. Jackson is not allowed to possess a firearm because of a previous felony domestic assault conviction.
Yahoo
08-05-2025
- Yahoo
Texas police recover 4 stolen trucks linked to VIN cloning ring — what crimes like these mean for your wallet
Police in Hays County, Texas recently recovered four stolen GMC Denali trucks traced back to Houston valued at more than $220,000. On each of the trucks, the vehicle identification number (VIN) had been 'cloned' to dupe unsuspecting buyers. The vehicles were located after an investigation by the Hays County Sheriff's Auto Theft Unit and other law enforcement agencies — thanks to tips from the Hays County Tax Assessor's office about suspicious vehicle titles, according to Click2Houston. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 'The GMC Denalis were sold by suspects on Facebook Marketplace for a price significantly below market value,' the Hays County Sheriff's Office wrote on Facebook. 'All victims were provided fictitious titles for the cloned vehicles.' VIN cloning occurs when auto thieves replace the VIN of a stolen car with the VIN of a legally registered car, often of the same make and model, according to Chron. Since the VIN belongs to a vehicle that hasn't been reported as stolen, the vehicle can be passed off as 'clean' and sold to an unsuspecting buyer. Here's how to avoid becoming the next victim. In 2024, more than 850,000 vehicles were stolen in the U.S., costing car owners around $8 billion, according to the National Highway Traffic Safety Administration (NHTSA). Vehicle theft can lead to significant financial losses, including the cost of replacing a car and a higher insurance rate over the long term. But it's not just car owners who pay the price. Buyers of used vehicles are also at risk. For example, if authorities discover you've bought a cloned car, your car can be seized and you won't be reimbursed, according to the National Insurance Crime Bureau. So it pays to exercise extra caution when buying a used vehicle from a private seller. Red flags can include vehicles being sold on social media, vehicles with out-of-state titles and prices significantly below market value. For example, the GMC Denali trucks were sold significantly below market value on Facebook Marketplace. In some states, you can have a VIN verification inspection performed by the DMV before you buy a car. If the seller refuses, that's a red flag. Always get a vehicle history report and perform a title search through the National Motor Vehicle Title Information System — and be sure to get the seller's I.D. To help prevent your car from being stolen, the NHTSA recommends that owners 'use common sense.' For example, don't leave your vehicle running unattended, park in well-lit areas if possible and lock all windows and doors when you park. You may want to consider an anti-theft system such as an immobilizer or vehicle recovery system, too. If your car is stolen, contact the police immediately. Once you have the police report, you'll need to contact your insurance company within 24 hours of the time it was stolen. If you find your vehicle before the police do, contact the police and your insurance company immediately. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Comprehensive coverage is the only type of vehicle coverage that will allow you to make claims for theft. If your car isn't recovered or is totaled after it's stolen, comprehensive coverage may pay out the actual cash value of the car. While vehicle insurance doesn't cover personal items that were in the car when it was stolen, your homeowner's policy likely will. The actual cash value of the car is what your car was worth when it was stolen after accounting for depreciation and the condition of your car. It will likely be below the replacement value of the car, and it may even be lower than your outstanding loan or lease balance. If your car is relatively new, you may want to consider new car replacement coverage, which will pay out enough for you to replace your car with the same make and model. You might also want to consider getting gap insurance, which will pay off what you still owe on your loan or lease if the initial payout isn't enough to cover this. Your insurance premiums are likely to go up after a theft. But whether they do, and by how much, depends on your specific policy. And, even if your car is recovered, its value may drop. This decision will be up to the insurance company, which will determine the amount of depreciation to assign to the car and whether to place a salvage title on it. A salvage title is assigned when the insurance company deems the cost of repairing the car to be greater than the value of the car. This can happen if the car has been in an accident, vandalized or stripped of parts. You can choose to buy back your car with a salvage title, but it will be difficult to sell or finance — and will likely lose 20% to 40% of its value, according to Kelley Blue Book. Car theft isn't just inconvenient, it can be costly. But taking precautions as a buyer and making sure you have the right insurance can help. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
22-04-2025
- Yahoo
Prosecutors: Motorist involved in U.S. 93 wreck was 'high on medication'
Apr. 22—A Lakeside man accused of causing a drug-fueled collision on U.S. 93 just south of Kalispell last year is now facing a felony case in Flathead County District Court. Prosecutors filed a criminal endangerment charge against Richard Frederick Rowe, 40, on April 7. Booked into the county jail on April 9, Rowe is being held with bail set at $40,000. He is expected to appear before Judge Heidi Ulbricht on May 1 for his arraignment. Rowe was allegedly behind the wheel of a GMC Denali that witnesses say was traveling erratically while headed northbound on U.S. 93 prior to the Jan. 5, 2024 wreck, court documents said. Attempting to pass a semitrailer about 5:40 a.m., the Denali crossed into the southbound lanes of the interstate. A second motorist, headed south, told investigators that he thought the driver of the Denali was making a left turn into an auto parts business when it swerved back toward the northbound lanes. The two vehicles struck each other head on, court documents said. Both vehicles were disabled in the wreck. Investigators later learned that Rowe had been "high on medication" and in the hospital the night prior to the crash, according to court documents. A toxicology screen allegedly showed that Rowe had several different types of benzodiazepines in his system, including clonazepam and bromazolam. The latter is deemed a designer drug by the Centers for Disease Control and Prevention. Montana Highway Patrol investigated the crash. If convicted, Rowe faces up to 10 years in Montana State Prison and a $50,000 fine. News Editor Derrick Perkins can be reached at 758-4430 or dperkins@
Yahoo
04-03-2025
- Automotive
- Yahoo
Three airlifted after head-on crash on Seven Mile Bridge in Florida Keys, sheriff says
Three people were airlifted to a mainland hospital Monday afternoon after a head-on crash on the Seven Mile Bridge in the Florida Keys, according to the Monroe County Sheriff's Office and Florida Highway Patrol. The crash between a GMC Denali pickup and a BMW SUV happened around 2 p.m. on the iconic span that connects the Middle Keys city of Marathon with Little Duck Key in the Lower Keys, Sheriff Rick Ramsay told the Miami Herald. Florida Highway Patrol Master Sgt. Pedro Reinoso said the driver of the Denali was heading south and 'for unknown reasons' turned into the northbound lane and struck the BMW. Firefighters had to extricate two people from the BMW. They were taken by ambulance off the bridge to Monroe County's Trauma Star helicopter ambulance, which flew the people to Jackson South Medical Center, said Ramsay. The man driving the Denali was also airlifted to the mainland, Reinoso said, adding the driver is a local from Monroe County, whereas the man and woman in the BMW are from Maryland. Traffic on the Seven Mile Bridge was closed in both directions until around 4 p.m., the sheriff said. The crash is under investigation by the FHP, and alcohol does not appear to be a factor, Reinoso said. This story will be updated as more information becomes available.
