Jerry Data And Research
Thanksgiving Is Deadliest Driving Holiday and Young People Are Biggest Casualties
Thanksgiving is the deadliest driving holiday in the U.S., topping both Labor Day and the Fourth of July for fatal crashes. One thing that Thanksgiving has in common with those summer holidays: Young people are the most frequent casualties, and a majority of fatal crashes involve either alcohol consumption or excessive speed or both.
The Average American Just Got Squeezed Out of the New-Car Market
Automakers’ focus on higher-margin vehicles, the COVID-driven inflation revival and the Federal Reserve’s interest rate hikes have put a new vehicle out of reach of more and more people.
Do Women Pay a ‘Pink Tax’ on Car Expenses? Well, Maybe Some
Jerry found that certain young women pay more than men in the same age groups for auto insurance and that women were quoted slightly higher prices for the same repair job as men. But overall, evidence of a 'pink' tax in car ownership is underwhelming.
Gen Z, Millennials 90 Days Past Due on $20 Billion in Auto Loans in 2022
After an unprecedented borrowing spree, many Gen Z and Millennial drivers are struggling to make payments on their auto loans, pushing serious delinquencies among their age groups to multi-year highs.
Americans See Biggest Car Insurance Hikes in Generations
The average American driver saw car insurance premiums jump 14% in 2022, the biggest increase on record in data going back to 1985. More increases are likely in 2023 as insurance companies try to keep up with soaring prices of everything from vehicle parts to maintenance and repair services.
Top Used Vehicles Still Sell for More Than New MSRPs
While overall prices for used cars tumbled in the fourth quarter of 2022, lightly used 2022 models of five of the 10 best-selling vehicles in the U.S. are still worth more than the manufacturers’ suggested retail price (MSRP) on comparable new 2023 models.