A new form of sticker shock has hit American car buyers like Darin Davis.

In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled.

“It takes the fun out of owning a new car when you’re paying so much money,” said Davis, adding that if he’d known such a massive increase was coming, he might have opted for a less expensive model. But by then it was too late.

In one of the cruel twists of an inflation-weary U.S. economy, car pric

 » Read More