10 Biggest Auto News Stories This Week: EV Deals, Silverado Updates & More

Time is running out to combine two of the best incentives in automotive financing: 0% APR deals and the $7,500 federal EV tax credit. With the tax credit eligibility rules changing soon, these four electric SUVs offer an unprecedented opportunity to save:

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These deals represent significant savings when you consider:

• The average new car loan interest rate currently sits at 6.58% for 60-month terms
• $7,500 tax credit effectively reduces the purchase price below many gas-powered competitors
• Combined savings can exceed $12,000 over the life of a typical loan

Industry analysts suggest these offers may disappear as automakers adjust to new battery sourcing requirements for tax credit eligibility. The current rules provide more flexibility that benefits consumers.

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Chevrolet is injecting some urban flair into its workhorse Silverado 1500 with the new RST Select special edition for 2026. This package transforms the capable pickup into a street-oriented performer while maintaining its practical roots.

Key Features of the RST Select:

• Powertrain: Turbocharged 2.7L TurboMax four-cylinder (310 hp, 430 lb-ft torque)
• Transmission: 8-speed automatic
• Exterior: 20-inch gloss-black wheels, all-terrain tires, black assist steps
• Interior: Sport-inspired accents, available premium materials
• Utility: Standard spray-in bedliner, all-weather floor mats

Available exclusively on crew cab configurations (with 4WD or RWD) and RWD double cabs, the RST Select bridges the gap between work truck and lifestyle vehicle. Six distinctive paint options allow for personalization, while the performance-tuned suspension improves on-road manners without sacrificing capability.

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While pricing hasn't been officially announced, industry insiders expect a $3,500-$4,500 premium over comparable LT trim models. Production begins Q1 2025, with deliveries expected by summer.

Hyundai has launched an innovative loyalty program that rewards customers throughout the ownership cycle. The Hyundai Rewards Program offers benefits that begin before purchase and continue through service visits and eventual trade-in.

Program Highlights:

• Purchase Incentives: Exclusive discounts for program members
• Service Benefits: Earn points for maintenance that convert to service credits
• Trade-In Boost: Additional value when upgrading to a new Hyundai
• Partner Perks: Discounts with select retailers and service providers
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This program comes as Hyundai prepares to launch several redesigned models, including the much-anticipated 2026 Palisade. Early enrollment provides access to limited-time offers on both current and upcoming vehicles.

As battery sourcing requirements tighten, the list of EVs qualifying for the full federal tax credit continues to evolve. Our updated guide reveals which models still make the cut and which have seen their credits reduced or eliminated.

Notable Changes:

• Several Tesla models now qualify for only half credit
• Nissan Leaf loses eligibility entirely
• Ford Mustang Mach-E maintains full credit through 2024
• New additions from Chevrolet and Cadillac

The IRS updates its official list quarterly, so buyers should verify eligibility within 30 days of purchase. Some manufacturers are offering equivalent discounts on models that no longer qualify for the federal incentive.

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Mitsubishi has announced comprehensive updates across its 2026 model range, focusing on technology enhancements and value retention. The updates come as the brand celebrates its strongest North American sales year in a decade.

Key Updates by Model:

• Outlander: New PHEV variant with 50+ mile electric range
• Eclipse Cross: Redesigned infotainment with wireless Android Auto/Apple CarPlay
• Mirage: Improved fuel economy (now 40 mpg highway)
• All Models: Standard forward collision mitigation with pedestrian detection

These updates position Mitsubishi as a strong value proposition in competitive segments, particularly for buyers prioritizing efficiency and affordability.

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With used car values remaining strong, private sales can net sellers significantly more than trade-ins. Our comprehensive guide outlines a proven five-step process to maximize your return while minimizing hassle.

Essential Steps:

1. Preparation: Deep cleaning, minor repairs, and maintenance documentation
2. Valuation: Using multiple sources to set a competitive price
3. Marketing: Professional photos and compelling descriptions
4. Screening: Safely vetting potential buyers
5. Transaction: Secure payment methods and proper paperwork

We've included state-specific bill of sale templates and safety checklists to ensure a smooth, secure transaction. The average private seller nets 15-20% more than trade-in value when following these methods.

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When you need SUV versatility with truck-like capability, these models deliver exceptional towing performance without sacrificing passenger comfort.

Towing Leaders:

• Chevrolet Tahoe: Up to 8,400 lbs with Max Trailering Package
• Ford Expedition: 9,300 lbs with heavy-duty tow package
• Toyota Sequoia: 9,520 lbs with TRD Pro package
• Nissan Armada: 8,500 lbs with tow package

Our complete ranking includes detailed specs, real-world towing experiences, and expert recommendations based on your typical payload requirements. We've also identified the best value options that offer 80% of max capacity at significantly lower price points.

EV ownership is becoming increasingly accessible thanks to these budget-friendly options. When combined with available incentives, several models now undercut their gas-powered counterparts in total ownership cost.

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Standout Affordable EVs:

• Chevrolet Bolt EV: $27,495 after destination (259-mile range)
• Nissan Leaf: $29,280 (149-mile range)
• Mini Cooper SE: $31,895 (114-mile range)
• Hyundai Kona Electric: $34,050 (258-mile range)

Our analysis includes total cost of ownership projections over 5 years/60,000 miles, factoring in fuel savings, maintenance costs, and available incentives. Several models show potential savings of $6,000+ compared to similar gas vehicles.

In today's market of rising prices, these models prove that affordable transportation still exists. We've identified the most cost-effective new vehicles that don't sacrifice essential features or reliability.

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Top Value Picks:

• Mitsubishi Mirage: $17,825 (40 mpg highway)
• Nissan Versa: $18,190 (35 mpg combined)
• Hyundai Venue: $21,045 (33 mpg highway)
• Kia Rio: $17,875 (36 mpg combined)

Our evaluation considers not just MSRP but also predicted reliability, standard safety features, and resale value. Several sub-$20,000 models now include advanced driver aids that were premium options just a few years ago.

The redesigned 2026 Hyundai Palisade brings premium features to the mainstream three-row SUV segment. With pricing starting at $37,245 for the base SE trim, the Palisade undercuts most competitors while offering comparable content.

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What's New for 2026:

• Refreshed exterior styling with bolder grille and lighting
• Redesigned cabin with upgraded materials
• Enhanced 12.3-inch touchscreen with over-the-air updates
• New available 2.5L turbocharged engine (281 hp)

The Calligraphy trim tops the range at $52,745, competing directly with luxury-brand offerings. Hyundai expects the Palisade to maintain its strong resale values thanks to high demand and limited incentives.