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2014's best bargain cars under $16,000

Kia Are you currently in the market for a new car, but you aren't ready to take out a second mortgage in order to afford it? The automotive market these days is brimming with so many different models and options to choose from it can become quite an overwhelming process. Fear not, thrifty buyer, because you're in luck.

First Z/28 crushes new Mustang at Barrett-Jackson auction

The Scottsdale auctions are full of high-rollers making high-profile bids on classic and modern cars. As such, there was a ton of buzz circling the first retail 2015 Mustang and what it would ultimately sell for -- it ended up crossing the block at $350,000. But it was the first retail 2014 Chevrolet Camaro Z/28 that proved to be the dark horse at Barrett-Jackson.

Renault Twizy gets the Formula One treatment

Renault has applied the state-of-the-art kinetic energy recovery system (KERS) used in its Formula One drivelines to the pint-sized Twizy electric car. The result? A new zero-emission concept whose claimed 0-62-mph acceleration time matches that of the French carmaker's fastest production car, the RenaultSport Megane 265, at 6.0 seconds.