Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why New Car Prices Are Falling While the Cost To Insure Them Spikes
New cars are getting cheaper — transaction prices on models like the Toyota Camry have dropped about 3 percent over the past year. But auto insurance premiums are up more than 20 percent over the same period, and the gap is widening. In this episode, Lucas and Luna dig into the divergence: why manufacturers are discounting to move inventory off lots while insurers are hiking rates to catch up with repair costs, parts shortages, and the growing share of expensive electronics in modern vehicles. They look at data from J.D. Power on average transaction prices, compare it to the CPI for new…
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