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Image source: Getty Images If you have an older, high-mileage vehicle, it may not have much resale value. Some expenses you could save on if you're donating your car: Auto insurance and tag fees: The average cost of insurance in a medium-cost state for a six-month, liability-only policy is $102 per month, according to Progressive.
As you may know, I have been a DXC board member since 2020, having previously served as chairman of the Nominating and Corporate Governance Committee and as a member of the Compensation Committee. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% year to year.
It was a lower coupon originations largely from 2020 and 2021 vintages. And the most unsure part of the market has been the resale market just due to the availability of inventory. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
And can you help us maybe draw a distinction between what you're seeing today versus what you saw in other previous times when buyers kind of went on strike, like maybe the back half of calendar 2020, for example. Somewhat a necessity given the supply chain, somewhat out of -- that's where the demand was given the tight resale market.
The factors that contributed to lower home sales, including the persistent lack of housing stock fueled by chronic underbuilding; the hangover for ultra-low mortgage rates in 2020 and 2021, and an affordability crisis impacting many first-time homebuyers can only be addressed through a concerted public-private cooperation. trillion for 2024.
Tight inventory levels in the resale and new home market propelled demand for available new homes, and we offered a combination of attractive pricing and compelling mortgage rate programs to capture that demand. With respect to the supply chain, the second quarter had the least supply chain disruption since 2020.
And since 2020, even though we have not made an acquisition, we have shown a robust trajectory of growth, driven by semiconductor growing at an 18% CAGR over the past three years. Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year.
Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be found in the press release we issued this morning and in our quarterly report on Form 10-Q for the quarter ended September 30, 2020, that we expect to file with the SEC later today. Finally, the U.S.
And we look at the retention rate we're getting with consumers, particularly from those high acquisition periods in 2020 and 2021. Obviously, some of the product resale affected mix this year. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The height was in 2020 at 4.8 On one hand, the buydowns are probably putting you guys in such a strong competitive advantage versus the resale market. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has a disclosure policy.
Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory. Our commentary is the same as it has been since the start of COVID in early 2020. Now, turning to Slide 7.
fashion resale player. From 2017 to early 2020, Josh and the team led a transformation to establish Etsy's demand-centric business model which drove a reinvigorated growth and a stair step in profitability. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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