A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year.

Car buyers may now benefit from a new tax break that allows them to deduct up to $10,000 in auto loan interest each year from their federal income taxes — reducing their taxable income. The provision, ...

If 2022 is the year you're considering ditching the gas pump for the electric plug, your choices have never been better as the auto industry heads toward an era of broader electrification.

Auto sales are projected to decline to 15.8 million vehicles in 2026 — the first annual drop since 2022 — as high prices deter middle-class buyers. New-car sales have soared 45% among high-income ...

A growing number of consumers are shying away from the new car market as prices increasingly become out of reach. But used cars aren't offering much relief either, according to auto industry experts.