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Surging auto insurance costs are fueling higher inflation

Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]

Auto loan delinquencies spiked last year in troubling sign for economy

Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their car payments, and this is an ominous sign for the country. us economy This […]

DC car insurance premiums soar amid auto theft, carjacking surge

Washington, D.C., restaurant owner Fritz Brogan appeared on “Varney & Co.” to reveal the impact of America’s crime crisis on communities and local businesses. Car owners in the Washington, D.C., area are seeing their auto insurance premiums skyrocket as the city faces higher auto insurance rates. carjacking and auto theft. District of Columbia residents paid […]

Credit Card and Auto Loan Delinquencies Surge on Back of Bidenflation

U.S. consumer spending has continued to fuel the economy at an unexpected rate over the past year. On the dark side, delinquencies on credit cards and auto loans are skyrocketing. “New delinquencies are particularly bad for both auto loans and credit cards, with transition rates exceeding pre-pandemic levels,” the New York Fed said. Said In […]

Without Tariffs, China Will ‘Demolish’ American Auto Industry

Tesla CEO Elon Musk said the U.S. auto industry would be decimated if the U.S. didn't impose heavy tariffs on China. According to CNBC, Musk made the remarks during Tesla's earnings call this week, saying that without U.S. tariffs on China, Chinese automakers like BYD and Nio would “nearly wipe out” U.S. automakers. suggested. “Chinese […]

United Auto Workers endorses Biden ahead of likely rematch with Trump

The United Auto Workers (UAW) endorsed President Biden on Wednesday, boosting his campaign's focus on the November election. UAW President Sean Fein introduced Biden's speech at the conference in Washington, D.C., and expressed support for the union, citing the president's recent solidarity with strikes against major automakers. “He heard the call and got up and […]

Republican #Resistance Comes to Electric Vehicles at the D.C. Auto Show

Corporate exhibitions are usually polished but solid. Companies spend a lot of money on lighting, staging, and all sorts of beautification to make their shows polished, but also solid. A little dull. Companies don't want controversy. Angry words create unpredictable headlines and take focus away from your product. Therefore, the goal is a smooth “frictionless” […]

Auto insurance premiums rise as car thefts and false insurance claims increase

Theft, false insurance claims, and inflation all lead to higher auto insurance premiums. Auto insurance premiums continue to rise and the increase in auto theft is not helping matters.of National Insurance Crime Bureau (NICB) report The number of thefts in 2023 increased by 2% compared to the first half of 2022. More than 1 million […]

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