Quote:
Originally Posted by SmartDigger
It is all politics..... The insurance Co. need a reason to raise rate on small cars. the more people buy them, the more they need to make profit on them. And, The oil co, and USA car co. need to stop the move to small cars also. They can't produce them, so, they need to eliminate them.
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Absolutely right, Digger... The insurance industry has long been in bed with the big three, and love writing overpriced policy's on the the big behemoths they produce.
Car sales are way down, and people are keeping their old cars longer and dropping their collision coverage. More lost $$ for the industry.
When the buyers come back, the IIHS wants to be sure they will go back to higher priced big cars and trucks.
Also, we must remember, the insurance cos are a main source of capital for the big three.
I too believe they sold us out. A2Jack