We are in a sweet spot here. New cars sales going through the roof? Guess what they need? You got it ..car insurance. New car sales data, look as this as a lagging indicator for insurance companies. And guess what?...People file less claims with new cars..Do you want your rates to rise with minor damage? I'm buying more MCY for my 401k.
As Voltaire would have Candide say..."this is the best of all possible worlds"..especially for an insurance company that has little exposure to property claims in natural disasters.
Buenas suertas a todos!