The average new car transaction price in August — $48,451 — was down 2.4 percent from the start of 2023, marking the largest decrease in the last decade. That’s a great reprieve from the soaring heights of early this year, but current prices are basically identical to what they were in August last year. So while new…
The auto insurance industry in the U.S. is introuble. Insurance companies are complaining about the rising costs of doing business. Because of this, as The Washington Post reports, drivers across the country are facing increasing premiums.
Insurance rates have been on the rise across the country thanks to most prominently natural disasters, inflation and reckless drivers. Of course insurance companies don’t really want to cover anyone, especially anyone residing in the state of California, as Oakland’s Fox 2 reports. And it’s becoming a problem.