• Automotive

    Used vehicle costs rising, but possibly not enough to convert totals to repairables

    Reduced OEM output of new vehicles and other factors related to COVID-19 might have prompted the current skyrocketing used vehicle costs. However, a CCC analyst earlier this month said the gains might not lead to a flood of vehicles falling below the total loss threshold. The Bureau of Labor Statistics on Friday reported that the consumer price index for everything rose 0.4 percent in August after a July that posted a 0.6 percent increase over June. The BLS said “a sharp rise in the used cars and trucks index was the largest factor.” Throw out the impact of food and energy, and the BLS said the same proportional increases occurred…

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