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Audi RS6 Avant and Mercedes-AMG E63 S drag race for Top Gear

Sometimes the kids are late for school, and you need a wagon to get them there in a hurry. In its latest drag race, Top Gear finds out which is the quicker high-performance family hauler: the Audi RS6 Avant or the Mercedes-AMG E63 S. The specs suggest this race should be quite close at the finish line. The RS6 has a 4.0-liter twin-turbo V8 with 552 horsepower, but the E63 S is a little more powerful with 577 hp from a 5.5-liter twin-turbo V8. However, the Audi has a traction advantage from the all-wheel drive system, whereas the Mercedes only spins its rear wheels. Pick your favorite, and then watch the video to see if the similar numbers translate to a photo finish in the real world. Related Video:

Mercedes-AMG GT S pit against Porsche 911 Turbo in Evo Deadly Rivals test

When Mercedes-Benz announced that its all-new AMG GT would start at $129,900 deeply undercutting the $200,000-plus of its predecessor, the SLS AMG, immediate questions focused on how it'd stack up against the latest crop of high performers that occupy the mid-$100,000 range. Evo, over in the UK, didn't have to wait all that long. The latest installment in the outlet's "Deadly Rivals" series compares the AMG GT with the latest Porsche 911 Turbo. On paper, the test is sure to be interesting. The Mercedes uses a 4.0-liter, twin-turbocharged V8 with 503 horsepower and 479 pound-feet of torque, while a seven-speed AMG Speedshift dual-clutch shuffles power to the back axle. The 911 Turbo's formula is more of a known quantity – 520 hp from a twin-turbo, 3.8-liter flat six with the company's own PDK working in unison with all-wheel drive, torque vectoring and rear-axle steering. Of course, we're not going to spoil the results for you. Take a look at the video up top, and let us know what you think of Evo's latest track battle.

Average new-vehicle transaction price hits a whopping new peak in December

Elevated prices for products and higher borrowing rates led to record high transaction prices for new vehicles in December, with the average cost in the U.S. rising to a record $49,507, according to data from Kelley Blue Book released today. The report notes that ATPs — average transaction prices — have climbed above suggested retail prices — MSRPs — for more than a year. Sales volumes were up in December on a year-over-year basis by more than 5%, a situation Kelley attributed to improved supply. Overall sales for 2022, however, were off 8% year over year. “The transaction data from December clearly indicates overall prices showed no signs of coming down as we headed into year-end,” said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. “Luxury prices fell slightly in December, but non-luxury transaction prices were up. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.” Industry analysts claim the most obvious headwinds in the new car market are generated by higher interest rates, forced by the Federal Reserve's rate hikes intended to tame inflation, and by generally limited inventory. A recent report from J.D. Power showed that the average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago. But 16% of consumers in December took out loans with monthly payments of over $1,000. Consumers think vehicles, and electric vehicles especially, are way too expensive. Fortunately, manufacturersÂ’ incentives, all but extinct in the past two years, are returning, especially in the electric-vehicle and luxury market, the Kelley data suggest. Plus, "With the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles,” Rydzewski said. Non-luxury brands, such as Honda and Kia, showed particularly strong performance in December, with the average price paid at $45,578 — a record high and an increase of $994 month over month. Meanwhile, the average luxury buyer paid $66,660 for a new vehicle last month. Mercedes-Benz and Land Rover showed the most price strength in the luxury market, transacting between 2.6% to 6.5% over sticker price. But luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength with some discounting in effect, selling 1% or more below MSRP in December, according to the survey.