Today, continued inflation and other effects from the COVID-19 pandemic continue to impact the automotive industry. High sticker prices and interest rates challenge customer demand. Additionally, an older, higher-mileage pre-owned inventory is driving up repair claims severity while the price of labor continues to rise. The Assurant team is working to keep dealers updated on these and other important trends that affect profitability. We recently published the Assurant Inflation and F&I Report. In it, you’ll discover.
