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Comments Off on NC State Ag Economist Dr. Mike Walden Will A Slowing Auto Market Send The Economy (2)

Escalating repair and medical costs, deteriorating highway infrastructure, and increased miles driven are among the factors that raised the loss and loss adjustment expense ratio in recent years—to 78.4 in 2015 and to 81.1 in 2016. While overall demand is waning in the U.S. market, buyers continue to snap up pricey pickup trucks and sport utilities amid lower gasoline prices, a favorable development for Detroit auto makers that have a lock on the big pickup market and make a disproportionate amount of profit from vehicles like the F-150 or Explorer. A move by Amazon could rattle European auto dealers, especially online car sellers such as UK-based Auto Trader Group.

We recently wrote a piece diving into Norway’s EV market With it being the star of this show, that whole article is just posted below again in case you missed it. Get a well-maintained, competitively priced, Used Cars, Pickup Trucks in …