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Autumn is the Most Dangerous Season for Auto Accident Damage in the United States

November 2023

According to Carfax, we have begun the most dangerous season for driving. 72% of U.S. drivers live in states where Fall is the peak season for accidents.  Several factors contribute to the increase including fewer…

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Microchip Shortage Continues with the Majority of Recent Production Cuts in North America

November 2023

In recent weeks, auto manufacturers cut production estimates by 63,400 vehicles for 2023. Nearly 90% of the latest production schedule cuts were from North American auto manufacturers, with the remainder spread across Asia, South America,…

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Only 1 New Car Model in the United States Cost Less than $20,000

November 2023

As of July 2023, the Mitsubishi Mirage is the last car model in the United States that can be purchased new for under $20,000. One year prior, nearly a dozen models in the market were…

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U.S. Housing Starts Drop to Three-Year Low Amid High Mortgage Rates and Limited Credit Availability

November 2023

U.S. housing starts hit a three-year low in August 2023 as high mortgage rates and U.S. treasury yields have hindered demand in recent months. Furthermore, builders are experiencing more difficulty accessing affordable financing, with lenders…

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Elevated Interest Rates Continue to Threaten Fintech Companies

November 2023

Following the Federal Reserve’s statement that higher rates are not going away soon, fintech share prices took tumbles in the market. The reason higher rates pose such a challenge for fintech’s is that in the…

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