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Costs of vehicle ownership, repairs surge in August

Insurance jumped 57% in four years 

Truth Headlam

Auto repair costs increased over the past year as consumers leaned into fixing their vehicles and overall costs of car ownership and inflation surged.  Repair costs jumped 15% year over year and 5% month over month in August, according to Navy Federal Credit Union’s Cost of Car Ownership (COCO) Index, released today. Since January 2020, […]

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