{"id":994899,"date":"2021-11-10T15:14:11","date_gmt":"2021-11-10T20:14:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=994899"},"modified":"2021-11-10T15:14:13","modified_gmt":"2021-11-10T20:14:13","slug":"bidenflation-road-wreck-price-hikes-accelerate-on-used-cars-new-cars-new-trucks-auto-parts-gas-motor-oil-repairs-insurance","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-road-wreck-price-hikes-accelerate-on-used-cars-new-cars-new-trucks-auto-parts-gas-motor-oil-repairs-insurance\/","title":{"rendered":"Bidenflation Road Wreck: Price Hikes Accelerate on Used Cars, New Cars, New Trucks, Auto Parts, Gas, Motor Oil, Repairs, Insurance"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">40<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenflation-road-wreck-price-hikes-accelerate-on-used-cars-new-cars-new-trucks-auto-parts-gas-motor-oil-repairs-insurance%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=994899&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Biden-Asks-_Governor-Who__-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">A huge tide of inflation swamped the automobile sector in October, raising prices on everything from new trucks, to parts, to fuel, to repairs, according to data released Wednesday.<\/p>\n<p>Used cars were supposed to be the poster child of inflation burn out. Prices ran super hot over the summer as new cars were scarce due to chip shortages but were expected to stabilize or even decline in short order. But after falling 1.5 percent in August and 0.7 percent in September, used car and truck prices jumped 2.5 percent in October. Compared with a year ago, prices are up 26.4 percent.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>That has created the rare phenomenon of used cars appreciating in value. Cars, except for notable classics and rare antiques, tend to fall in value every year.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Prices of new cars and trucks are also rising rapidly. New car prices rose 1.1 percent in October for a 9.2 percent annual gain. New truck prices rose 10.5 percent for the year after a monthly gain in October of 1.5 percent.<\/p>\n<p>Motor vehicle accessories and parts have risen in price by 9.2 percent over the last 12 months and were up 1.8 percent in October. Motor oil, coolants, and fluids are up 11.3 percent annually and rose 2.1 percent in October.<\/p>\n<p>Repairs and maintenance work on cars is also getting pricier. Body work prices are up 6.8 percent compared with a&nbsp; year ago. Maintenance and servicing is up 5.6 percent. Repairs are up 4.7 percent.<\/p>\n<p>Insurance is up 6.3 percent.<\/p>\n<p>And, of course, gasoline prices have soared. Gasoline rose 6.1 percent in October, bringing the annual gain up to 49.6 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A huge tide of inflation swamped the automobile sector in October, raising prices on everything from new trucks, to parts, to fuel, to repairs, according to data released Wednesday. Used &#8230;<\/p>\n","protected":false},"author":11,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-994899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/994899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=994899"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/994899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=994899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=994899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=994899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}