Connect with us

Published

on

close video FOX Business Flash top headlines for May 1

Check out what’s clicking on FoxBusiness.com

New vehicle sale prices fell below MSRP in March for the first time in nearly two years as supply chain issues continue to ease up, but cars and trucks are still far from cheap.

The average price paid for a new vehicle was $48,008 in March, according to Kelley Blue Book, a drop of $550 from the prior month.

"We’ve been anticipating transaction price declines, as inventory has been steadily improving and choice has expanded. More vehicles on dealer lots — and on their competitors’ lots — means dealers simply don’t have the pricing power they did six months ago," said Rebecca Rydzewski, Cox Automotive research manager of economic and industry insights.

Prices are expected to continue their downward trend, but are unlikely to reach the $37,736 average they were at in March 2020 anytime soon, if ever again.

CONSUMER REPORTS SAYS THESE ARE THE BEST CAR INSURANCE COMPANIES

The average new car transaction price was over $48,000 in March. (Brandon Bell/Getty Images)

That is partly due to inflation, but also because many automakers have been focusing on building more of the most profitable high-end trims and discontinuing their lowest-priced models altogether.

The most inexpensive vehicle offered by an American brand is the new 2024 Chevrolet Trax SUV, which is $21,495, following the end of production for the $14,595 Chevrolet Spark hatchback last year.

Along with cuts by other brands, there are only three vehicles left on sale with starting prices including delivery fees below $20,000.KIA RIO/RIO5

The Kia Rio is the brand’s smallest sedan. (Kia)

The Kia Rio subcompact sedan starts at $17,875 and the Rio5 hatchback at $18,515.

Both front-wheel-drive models come standard with a 120 hp four-cylinder engine, automatic transmission, air conditioning and a highway fuel economy rating of 41 mpg.MITSUBISHI MIRAGE/MIRAGE G4

The Mitsubishi Mirage is the most fuel-efficient car that is not a hybrid. (Mitsubishi)

The Mitsubishi Mirage hatchback starts at $17,340 and the Mirage G4 sedan is just $1,000 more.

GM DITCHING CHEVY BOLT, SHIFTING TO ELECTRIC TRUCKS

The Mirage's claims to fame are that it is the least-powerful new car on sale in the USA — its three-cylinder engine rated at just 76 horsepower — and the most-efficient non-hybrid vehicle, with the hatchback getting an EPA combined rating of 39 mpg.NISSAN VERSA

The Nissan Versa is the cheapest new car on sale today. (Nissan)

The Nissan Versa sedan is priced at $16,925. It is roomy for the price and has a relatively potent 122 hp four-cylinder under the hood, a standard 5-speed manual transmission, automatic emergency brakes and a five-star NHTSA crash test rating.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Models equipped with an automatic transmission start at $18,595 and have a 40 mpg highway fuel economy rating. A fully-loaded version with adaptive cruise control, heated seats and a wireless charging pad tops out at $20,215.

Continue Reading

World

ICC prosecutor calls for arrest of Taliban duo over ‘persecution’ of women

Published

on

By

ICC prosecutor calls for arrest of Taliban duo over 'persecution' of women

The chief prosecutor of the International Criminal Court (ICC) has told Sky News he is seeking the arrest of two senior Taliban figures over the “systemic and deliberate” persecution of women in Afghanistan.

Karim Khan KC, speaking on Sky News’ The World with Yalda Hakim, said the pair bore “criminal responsibility” over the treatment of women and girls in the country.

It comes after the ICC announced earlier on Thursday it had filed two applications for warrants for the arrest of Taliban supreme leader Hibatullah Akhundzada and Afghanistan‘s chief justice Abdul Hakim Haqqani.

Mr Khan said: “The charges are gender persecution. It’s the systemic, we say, organised, deliberate, malicious suffocation of women, the targeting of girls and women, the denial of their rights to education, access to any public spaces, the inability to go to beauty salons, the inability to walk in the park, the inability really to have hope.

“And this isn’t something doctrinal. This has crossed every threshold and we say clearly is criminal. And that’s what we presented to the judges of the International Criminal Court to consider.”

The prosecutor said the evidence was “overwhelming” and that the charges amounted to the “crime against humanity of gender persecution”.

Human rights groups have heavily criticised Taliban leaders since they took back control of Afghanistan in 2021.

Under their leadership, women have faced a string of restrictions over their daily lives, including over work, education and freedom of movement.

Read more from Sky News:
Southport killer jailed

Red weather warning over Storm Eowyn
Sainsbury’s to cut 3,000 jobs

Mr Khan added: “This isn’t some acceptable choice from a menu of options that states can choose from. This isn’t about religious autonomy of doctrinal beliefs of Christianity or Islam or Buddhism or anything else for that matter.

“This has crossed every threshold in which women can either be seen or heard. Women can’t go to university. Girls don’t have an opportunity to go to school”.

There is no deadline for judges to rule on a request for a warrant, but a decision typically takes around four months.

Continue Reading

US

Trump orders remaining JFK assassination files to be made public

Published

on

By

Trump orders remaining JFK assassination files to be made public

Donald Trump has ordered the release of thousands of classified files on the assassination of President John F Kennedy.

The 1963 killing in Dallas is the source of one of the most well-known conspiracy theories of modern times.

Lee Harvey Oswald was said to be the gunman, but was shot dead himself two days after JFK‘s killing.

Moments before John F Kennedy's assassination on 22 November 1963. Pic: Reuters
Image:
Conspiracy theories have always swirled around the 1963 assassination. Pic: Reuters

Theories that have persisted include that there was a second shooter and that it was plot connected to communist Cuba.

President Trump had promised during his election campaign to make public the last withheld records on the case.

He signed an executive order to that effect on Thursday, telling reporters “everything will be revealed”.

The order will also declassify remaining federal records on the assassinations of civil rights icon Martin Luther King Jr in 1968, and JFK’s brother, Robert F Kennedy, who was shot dead the same year while running for president.

👉 Follow Trump 100 on your podcast app 👈

Mr Trump had promised to uncover the documents during his first term but agreed with CIA and FBI pleas to keep some secret.

JFK’s nephew, Robert F Kennedy Jr, is the president’s pick for health secretary and has said he is not convinced just one man was behind his uncle’s murder.

After signing the order, Mr Trump ordered the pen should be given to RFK Jr.

JFK waves from his car approximately one minute before he was shot. Pic: AP
Image:
JFK waves from his car approximately one minute before he was shot. Pic: AP

However, JFK’s grandson Jack Schlossberg hit back at President Trump’s executive order, saying there was “nothing heroic” about it.

“The truth is alot sadder than the myth – a tragedy that didn’t need to happen. Not part of an inevitable grand scheme,” he wrote on X.

“Declassification is using JFK as a political prop, when he’s not here to punch back.”

The attorney general and head of national intelligence must now come up with a plan in the next 15 days to declassify the JFK files, and within 45 days for the other cases.

It is therefore unclear exactly when they will see the light of day – and experts on the case are not holding their breath for any major revelations.

Pic: Dogwoof/MLK/FBI
Image:
Files on Martin Luther King Jr will also be declassified. Pic: Dogwoof/MLK/FBI

Read more:
What are executive orders?
Former ‘MAGA cult’ member rejects riot pardon

Only a few thousand of the millions of records on the JFK case are still to be fully declassified.

“There’s always the possibility that something would slip through that would be the tiny tip of a much larger iceberg that would be revealing,” said Larry J Sabato, author of a book on Kennedy.

“That’s what researchers look for. Now, odds are you won’t find that but it is possible that it’s there.”

The executive order is the latest in a slew signed by Mr Trump in his first few days back in the White House.

Others include leaving the Paris climate agreement, renaming the Gulf of Mexico the Gulf of America, and terminating government diversity programmes.

However, his attempt to end birthright citizenship for the children of undocumented migrants has already been temporarily blocked by a judge.

Continue Reading

UK

UK weather: Rare red warnings ahead of Storm Eowyn – with tornado and ‘danger to life’ alerts

Published

on

By

UK weather: Rare red warnings ahead of Storm Eowyn - with tornado and 'danger to life' alerts

Thousands of schools are expected to close, with drivers also warned to stay off the roads and rail services suspended amid rare red weather warnings as Storm Eowyn gets set to batter parts of the UK.

The wind alerts, which cover all of Northern Ireland from 7am on Friday until 2pm, and parts of Scotland from 10am to 5pm, warn of “very dangerous conditions” and “widespread disruption”.

Tornados could also hit parts of the UK ahead of the storm, with forecasters warning of a danger to life.

As many as 4.5 million people got an emergency alert on their phones from the Met Office warning of the incoming storm.

Click here to check the weather where you are

The Met Office said changing conditions could trigger an explosive cyclogenesis – or weather bomb – with strong winds, rain, snow and gusts of up to 90mph expected on Friday.

The red alert is the Met Office’s most serious warning and means the weather is likely to cause “substantial disruption to travel, energy supplies and possibly widespread damage to property and infrastructure”, according to the agency.

A series of amber and yellow warnings have also been put in place, threatening injuries and a danger to life.

A series of weather warnings are in place for Friday. Pic: Met Office
Image:
A series of weather warnings are in place for Friday. Pic: Met Office


Major disruption expected on Friday:
• All schools in Northern Ireland have been advised to close;
• Several local authorities in Scotland have announced schools and nurseries will be shut;
• People in areas covered by red and amber warnings have been told to avoid travel “unless absolutely essential”;
• All ScotRail services will be suspended;
• A number of train companies including Avanti West Coast, Lumo, CrossCountry, and Grand Central have told customers not to travel on routes across parts of North Wales, Scotland and northern England with no services running.
• A number of CalMac ferry services have been cancelled;
• Operations will be limited at Glasgow and Edinburgh airports and Belfast International warned of significant disruption.

Red wind warnings have been issued across Ireland for Friday. Pic: Met Eireann
Image:
Red wind warnings have been issued across Ireland for Friday. Pic: Met Eireann

Met Eireann has issued a rare nationwide red warning for wind across the Republic of Ireland, describing possible “danger to life”.

Irish premier Simon Harris has warned there is an “extreme” risk to life and said: “We cannot give a higher warning than nationwide red. The risk to life is extreme and real.

In Scotland, First Minister John Swinney said: “Red weather warnings like this are very rare. Our message is simple, please follow the advice from the Met Office and the police, take this seriously and stay safe.”

This is going to be a big impact storm

Jo Robinson

Weather producer

@SkyJoRobinson

Storm Eowyn is deepening over the North Atlantic, with explosive cyclogenesis taking place.

That’s when the central pressure of a low drops 24mbar or more in 24 hours, also known as a weather bomb.

In fact, we could see the central pressure of Storm Eowyn dropping close to double that before it reaches Ireland early on Friday.

It will be a big impact storm, with very strong winds the main concern.

Red weather warnings are rare, and only issued when the most severe weather is expected to bring a life-threatening situation.

Northern Ireland hasn’t had a red wind warning since the Met Office moved to impact based warnings back in 2011.

Prior to that, weather warnings were issued when certain weather thresholds were reached.

It looks like Ireland has never had a status red wind warning cover the whole of the country.

Ireland use threshold-based warnings.

Scotland last saw a red wind warning in January 2024, with northeastern parts of the country covered then.

The main concern from Storm Eowyn is the damaging, disruptive and life-threatening winds, but heavy rain and hill snow are also in the forecast.

Around 30-40mm of rain is possible in the west, mainly on south-facing upslopes, potentially more than that in Scotland where the rain lingers longest.

Snow will be confined to northern hills, especially north of the Central Belt of Scotland.

There’ll be some improvement in weather on Saturday, but sadly another spell of wet and windy weather is expected on Sunday and Monday.

European storm forecasters Estofex issued a level 2 alert, saying there was a “risk of a few tornados” between 6am on Thursday and 6am on Friday.

“A strong event cannot be ruled out,” the meteorologists said.

“Given rapid translation of thunderstorms, any tornado could be long-tracked… The main tornado risk seems to evolve along and [south] of a Bristol-London line.”

The Estofex forecast map for Friday
Image:
The Estofex forecast map for Friday

The south coast of England, parts of the South West and much of the Welsh coast are covered by a yellow weather warning for wind from 7am until 6pm on Thursday.

As the storm arrives on Friday, rain and even snow are expected over parts of Northern Ireland, Scotland and on higher ground in northern England.

The whole country is covered by at least one yellow weather warning on Friday, with warnings for snow, wind and rain in place.

Read more:
Manhunt in Plymouth as police launch murder investigation
Attack submarine warned off Russian spy ship

The Met Office says the strongest winds are due to hit the north of England, south of Scotland and North Wales, where an amber wind warning is in place from 6am to 9pm on Friday – but the south of the country will also be affected.

Amber and yellow warnings for wind and rain have also been issued across Saturday and Sunday.

Continue Reading

Trending