X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There’s no doubt that the high fuel prices in 2008 impacted both the collision repair and insurance industries, and we haven’t seen the last of the fallout. These heighted fuel prices also left their mark on U.S. consumers. In response to America’s fear of high fuel prices, several car makers are introducing a smaller class of vehicles called the B-segment, which was previously only available overseas in markets like Europe and Asia. These pint-sized cars strike a chord with buyers by tempting them with low prices and fuel efficiency. However, thrifty consumers may not think of the consequences that can result from combining those sought-after, money-saving features with expensive soon-to-be mandatory safety equipment. The fly in the ointment here is the fact that these cars are prime candidates for totaling out.

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.