An urgent issue looms over the car market. Shocking reports reveal potential car buyers being slapped with quotes exceeding $1,000 per month in certain markets!

The car market is facing an urgent crisis due to record-high auto insurance rates, with reports of potential buyers being quoted over $1,000 per month in certain markets, severely impacting volume and profitability.

Brewing issue in the car market:

Record-high auto insurance rates.

It’s hurting volume and profitability in a big way, even more so than high interest rates.

I’m hearing reports of car buyers being quoted policies at >$1,000/month in certain markets (!)

What are y’all seeing?

— CarDealershipGuy (@GuyDealership) October 21, 2023