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Appraiser Blog

Traffic vs Accident Reduction 2020

Traffic vs Accident Reduction 2020 Less cars on road = a lot less accidents. Vehicle miles traveled nationwide was down 41% in April and projections show up to a 9.4% decrease in 2020. Due to reduced traffic on roads, accidents have dramatically fallen. For each 1% drop in traffic, there’s

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Sample Motion to Dismiss Georgia PDF

Sample Motion to Dismiss Georgia PDF   This motion is usually filed with the court when Both parties agreed to a settlement The plaintiff cannot appear at court The facts of the case changed since filing New evidence was in favor of defedant Dismiss and refile in State or Superior

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The Rise of Contactless Car Shopping in the Wake of Covid

The Rise of Contactless Car Shopping in the Wake of Covid Consumers are warming up to the idea of digital retailing as more car dealerships take the car-buying process online during the covid19 pandemic. And customers increasingly say they’d like to handle certain parts of the transaction virtually instead of

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Hyundai Sales Down 31% in March 2020

 Hyundai Sales Down 31% in March 2020 Despite sale increases in January and February 2020, March sales put the quarter in negative territory. One bright spot however is the fact that at -5.4%, Hyundai group’s decline is still half of the average US industry decline of 12% in Q1 2020.

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General Motors Rebates April 2020

General Motors Rebates April 2020 General Motors Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. Expires April 30. In lieu of rebates, cut-rate financing is available. Year Make Model  Cash Rebate up to  Special Financing  2020 Buick Regal Sportback  $                                 

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North Carolina – New Rules for Licensed Motor Vehicle Damage Appraisers

To:  All Licensed Motor Vehicle Damage Appraisers, Insurance Companies, and Interested Parties  From:  North Carolina Department of Insurance – Agent Services Division Date:  April 9, 2020 RE:  New Rules for Licensed Motor Vehicle Damage Appraisers During the Rules Review Commission’s meeting on March 19, 2020, the following new rules were

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Large Pickup Trucks Sales Least Effected by Covid

Large Pickup Trucks Sales Least Effected by Covid While most dealers in US are experiencing sale declines as high as 80% in in the second half of March 2020, large pickup truck sales remained flat in the South dropped only 29% in the northeast. Reasons for the low decline in

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US Car Dealer Rankings for 2019

US Car Dealer Rankings for 2019 Top 20 Car Dealers with the Most Increase in the Number of Stores – 2019.     Dealership group Number of dealerships – 2019 Number of dealerships – 2018 Store Increase  Percent Increase 1 Ciocca Dealerships 20 14 6 42.9% 2 Kahlig Auto Group

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Car Prices Drop 4% at Auction

Car Prices Drop 4% at Auction

Spring is usually the high season when it comes to car sales. Dealers, anticipating tax refund checks stock up on inventory.

The early March week to week price index was as high as 1.25% signaling the beginning of the Spring car season. This is a stark contrast the the late March/early April price index of -2.5% which is almost a 4% swing in prices.

4% might not seem that high on first glance, however if this trend continues, car prices are set to drop around 15% by mid-May.

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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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Auto Listing Sites Revenue

Auto Listing Sites Revenue Annual revenue in millions for some top four 3rd-party vehicle listing marketplaces. Top 4 Car Listing Companies by Revenue: Autotrader Cars.com CarGurus True Car Top 4 Car Listing Companies Yearly Revenue 2017 – 2019 ($Million)   2017 2018 +/- 2019 +/- Autotrader 1093 975 -12.1% 875

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Georgia School Bus Stop Arm Violation

eorgia School Bus Stop Arm Violation- Code §40-6-163. Unlawfully passing a school bus results in the highest point assessment on a Georgia Driver’s License. Duty of driver of vehicle meeting or overtaking school bus; reporting of violations
(a) Except as provided in subsection (b) of this Code section, the driver of a vehicle meeting or overtaking from either direction any school bus stopped on the highway shall stop before reaching such school bus when there are in operation on the school bus the visual signals as specified in Code Sections 40-8-111 and 40-8-115, and such driver shall not proceed until the school bus resumes motion or the visual signals are no longer actuated.(b) The driver of a vehicle upon a highway with separate roadways or a divided highway, including, but not limited to, a highway divided by a turn lane, need not stop upon meeting or passing a school bus which is on a different roadway or on another half of a divided highway, or upon a controlled access highway when the school bus is stopped in a loading zone which is a part of or adjacent to such highway and where pedestrians are not permitted to cross the roadway.
O.C.G.A. § 40-6-163

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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