The costs of insuring and repairing your car rose faster than any food item at your local grocery store in 2023. In fact, those expenses have risen more than any food item over the past three years.

Christmas turns deadly for hundreds of American drivers and their passengers each year. More than 3,200 people have died on the roads and highways over the Christmas holiday over the past decade, and about half of them were under the age of 40.

There is plenty more pain ahead for American drivers. The rise in car insurance rates hit a four-decade high in October, reaching nearly 20% annually, even as overall inflation cooled.

The number of fatal traffic crashes over the Thanksgiving holiday rose by 24% in the two years after the COVID-19 outbreak, hitting the highest level since 2007, as more people chose to avoid air travel on what is traditionally the busiest travel holiday of the year.

Young Americans are falling behind on their car loans at rates not seen since the Great Recession, as several years of soaring car-ownership costs and interest rates take a growing toll on their personal finances.

Tesla’s share of the electric vehicle market slipped again in the third quarter of this year, falling to the 50% threshold, as rising numbers of EV buyers opted for less expensive models as well as offerings by luxury brands such as BMW and Mercedes.