Ford, Kia, Chevy Named in First-Ever New-Vehicle Affordability Report (article continued)

In 2022, Cars.com launched new digital financing tools and offered new ways for shoppers to sell their current car to a local dealership. The technology helps shoppers understand what they can afford, get preapproved for a loan, determine what their current car is worth and claim an instant offer from a local dealership.

Fuel Prices: Tanks and No Tanks

Though gas prices have since settled from the headline-grabbing highs of 2022, affordability in the form of fuel expense remains a major consideration for shoppers and a key component in the Affordability Report's analysis. Aside from the top-ranked EVs and plug-in hybrids, which all had calculated first-year fuel costs between $600 and $1,100, the most fuel-efficient gas-powered vehicle among the finalists is the Hyundai Elantra, with an estimated first-year fuel expense of $1,350.

For more information on the 2023 Cars.com Affordability Report, including a deeper dive into the data and methodology, visit Cars.com.

Source: Cars.com

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