Tag Archives: cuts

The 2021 Lexus IS compact sedan gets an updated look, a stiffer suspension, and a streamlined model lineup that cuts the price on top F Sport models, Lexus announced Wednesday.   Even though the powertrains haven’t changed, they are the source of the biggest change when it comes to pricing. Three …

One of the biggest criticisms of the redesigned 2020 Ford Explorer has been addressed with the 2021 model: Ford is cutting the price of its popular three-row SUV by about $ 3,000, on average.  That will still put the 2021 Ford Explorer on the expensive side, but should better compete …

Justin SullivanGetty Images The economic uncertainty of the coronavirus pandemic has forced Wells Fargo’s bank to stop processing auto loans with as many as 1100 independent dealerships and refocus on dealers it already has deep relationships with. The change is likely to affect used-car shoppers more, but they can still …

Justin SullivanGetty Images The economic uncertainty of the coronavirus pandemic has forced Wells Fargo’s bank to stop processing auto loans with as many as 1100 independent dealerships and refocus on dealers it already has deep relationships with. The change is likely to affect used-car shoppers more, but they can still …

The Federal Reserve slashed interest rates by half a percentage point in the first such emergency move since the 2008 financial crisis, amid mounting concern that the coronavirus outbreak threatens to stall the record U.S. economic expansion. The rate cut, which came between the central bank’s regularly scheduled meetings, was …