Soaring insurance rates are pushing up costs of car ownership, and the entire auto industry is feeling the pain
From Fortune:
Insurance rates for American car owners have skyrocketed by almost 27 percent over the past two years. Experts warn that the surge, the highest in 50 years, could pose a threat to both consumers and the beleaguered auto industry. Many other car ownership costs such as financing, maintenance, and resale values have also gone up. Expect more rate increases in the future.
Read more: Soaring insurance rates are pushing up costs of car ownership, and the entire auto industry is feeling the pain