We live in strange times. Oregon has experienced devastating fires in recent years, which have burned a significant portion of its forests. These fires spread into towns and cities, destroying entire subdivisions. Thousands of homes and automobiles were damaged or destroyed. A shortage of contractors and materials has delayed the rebuilding of the homes. Insurance companies are often understaffed, which can hinder their ability to handle claims effectively. The cost of materials skyrocketed, making it difficult to predict the final settlement. The State of Oregon has extended the time insurers must pay due to this crisis.
With so many automobiles destroyed, the demand for new and used cars and trucks rose to all-time highs. With a rush to hire contractors, the need for pickup trucks drove prices upward and depleted the supply. Parts to repair used vehicles are scarce and sometimes take months to order and ship. For the first time in the history of automobiles, cars are appreciating rather than depreciating.
