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Appraiser Blog

Manheim COVID-19 Operations Update

COVID-19 Operations Update as of March 25, 2020 Due to ongoing public health concerns and the safety of all involved, Manheim is making operational and policy changes to address the changing conditions in various locations. In the event that a Manheim auction or offsite location (i.e. dealership or storage location)

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AFC Dealer Changes Lending Terms March 2020

AFC Dealer Changes Lending Terms March 2020   Dealers logging in to the AFC website are being prompted to agree to new lending terms. Below is the message received. AFC account access is blocked until the terms are agreed on. “ Change Notices Attention! Changes to certain terms and conditions

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Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations

Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations Due to concerns regarding COVID-19, the Georgia Motor Vehicle Division (MVD) is extending all motor vehicle registrations that expire between March 16, 2020, and May 14, 2020. Those registrations are extended through May 15, 2020.  This extension applies to personal passenger

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US Auto Inventory & Day Supply for March 2020

US Auto Inventory & Day Supply for March 2020     Day Supply February Day Supply March  Inventory Units   American Honda  88 83                                      381,400 Hyundai Kia 72 62                                      256,300 Mazda N.A. 58 57                                         61,900 Mitsubishi Motors 77 55                                         33,000 Subaru America 35 37                                         73,400 Toyota

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TradeRev Closing Removed – Auctions will have Visible Timers

TradeRev Closing Removed – Auctions will have Visible Timers

Effective March 25, 2020, the closing category in the TradeRev car dealer buying app will be removed and replaced with visible timers same as regular auction sites like Ebay.

Below is an email sent to all Traderev dealers on March 24th announcing the change.

Traderev email on 03/24/2020

“The final farewell to the Closing period is here. Tomorrow, we’ll say goodbye to Closing and say hello to visible auction timers and a new web search bar. Check out more below.

No More Closing

A win’s a win. Starting tomorrow, there’ll no longer be a second round of bidding once the 45-minute auction is over.

Auction Countdowns

With a visible auction timer, you can see how much time is on every single trade, so you never miss out on a bid. We’ll also add an extra minute to the auction each time a bid is placed in the last 3 minutes. That way no one can swoop in on your trade with a last-minute bid.

Web Search

Find the trades that matter to you most. Simply enter vehicle details like the year, model or make and the exact matches will appear followed by other similar trades in a separate section.

To enable this update, you’ll automatically be logged out tomorrow. Simply sign back in and enjoy the new features.”

TradeRev is owned by KAR Global and located at 36 South Pennsylvania Street, 7th Floor Indianapolis, IN 46204.

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Classic Ford Mustang Price Decline Q1 2020

Classic Ford Mustang Price Decline Q1 2020 After seeing steady increases through the last decade, the price of classic or collector Ford Mustangs (Generations 1 and 2 as well as Shelbys) is on the decline. The COVID19 virus has adversely affected the classic and collector car market with a cash

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Atlanta’s #1 Car Appraisers

The Free Estimate Game:

Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?

Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!

Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.

Seven things to look for when choosing an appraisal company