U.S. used car and truck prices rise the most since 1969

WASHINGTON — U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation is slowing amid excess capacity in the economy as it gradually recovers from the COVID-19 recession.



a man in a police car parked in a parking lot


A 6.7% jump in the average prices of used cars and trucks again accounted for most of the increase in the CPI last month. That was the biggest gain since February 1969 and followed a 5.4% advance in August. The strong increases likely reflect a shortage of used motor vehicles amid an aversion to public transportation because of fears of contracting COVID-19.

New motor vehicle prices rose 0.3%. There were also increases in the costs of recreation. But prices for motor vehicle insurance, airline fares and apparel fell.

Though the benign report from the Labor Department on Tuesday will have no direct impact on

Read More Read more

Man killed when I-480 highway sign fell on truck identified as vice president of A. Ripepi & Sons Funeral Homes

CLEVELAND, Ohio — A 62-year-old man who died after an Interstate 480 highway sign fell on his pick-up truck was Daniel Ripepi, vice president of A. Ripepi & Sons Funeral Homes, his family confirmed.

Loading...

Load Error

Ripepi died in the crash that happened about 8:30 a.m. Thursday in the westbound lanes of I-480 at the State Road exit in Cleveland, according to the Ohio State Highway Patrol.

State Highway Patrol said a white 2015 Western Star dump truck with the bed raised struck the highway sign that extended over three lanes of traffic.

The sign collapsed and fell on Ripepi’s gray 2019 Ford F-150 in one of the highway’s middle lanes, State Highway Patrol said.

Troopers did not say if the dump truck driver suffered any injuries, if the driver stopped or if they face potential charges.

The crash is still under investigation.

A family member who answered the phone

Read More Read more