Source: WSJ
Motorists Are Shelling Out More on Vehicle Repairs
August 17, 2015 2:30pm by Barry Ritholtz
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As Goes Apple, So Goes the Market?
I can think of a few other important other reasons** why these costs would be going up, other than “deteriorating” roads. But alas, the data is being put forward by the “Highway Administration”….so yeah, we need to spend 780 Billion on some new roads.
** Other reason could include 1) the tendency to own/maintain cars longer; 2) rising costs of car mechanics who must be more skilled to fix today’s vehicles; 3) Global Warming [catchall excuse]
its one of those pay me now or pay me later.
you can either a little more at the pump when you buy fuel
or you can pay later when you have to get the vehicle fixed. usually a lot more all at once
Riding on Chicago side streets one would think they were in a Third World country.Then again…….
Yes! Yes! Yes! And the permanently “under construction” interstates.
I guess that as long as the expense is not a tax it doesn’t matter if its twice the money – at least not if you are a moron.
The Tea Lunatics who have taken over Michigan will not raise taxes to fix roads, even as the roads crumble and the auto repair bills rise.
Worse yet, a few decades ago the trucking industry bought off the politicians and we run extremely heavy trucks, much heavier than other states. Our roads crumble faster than most.
Tired of buying tires.
To pretend to believe in American exceptionalism without supporting significant infrastructure spending makes a person a contemptible hypocrite.
Maybe they think we are exceptionally resistant to having our kidneys shaken loose.