Why Nearly Every Cost Related to Your Car Is Rising

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 16 February 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gas prices are falling, but nearly every other cost associated with owning a car, namely auto insurance, is increasing. Wall Street Journal reporter Joe Pinsker joins host J.R. Whalen to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	F word and travel.
0:03.0	With an H-SBC Global Money Account,
0:05.0	you can drop flas from Acapulco to Zurich.
0:08.0	That means no fuss here.
0:10.0	Fondra.
0:11.0	No fuss here.
0:12.0	Howdy, and definitely no Fis here.
0:15.5	Pay no H.S.B.C. fees overseas with a global money account.
0:19.0	H.S.C. UK, opening up a world of opportunity.
0:22.2	Available to H.S.CC UK customers with an eligible current
0:24.6	account. Exclude some accounts such as the HSPC Basic Bank account for mobile banking
0:28.0	app users only. Non-an for the Wall Street Journal.
0:42.0	Gas prices are on the decline. That's the good news. The bad news is the overall cost of owning a car is rising and the main culprit is auto insurance.
0:52.0	It's reflective of just how much... The main culprit is auto insurance.
0:53.0	It's reflective of just how much the price of cars has risen.
0:57.5	Cars that cost more are simply more expensive to insure. The average transaction price on a new vehicle was about $39,800 in January
1:10.5	2021. As of last month, it's all the way up to 47,350.
1:16.6	We'll talk to Wall Street Journal,
1:17.7	Personal Finance reporter Joe Pinsker.
1:20.1	After the break.
1:29.0	This episode is brought to you by the Kia Power On event, featuring the award winning Kia EV6 with ultra fast charging,
1:32.0	available now with 2.9% APR representative, 1,000
	...

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