As 2024 approaches, the American auto industry is showing signs of an exciting transformation. This period marks a critical juncture, with the industry emerging from the challenges of the global pandemic and navigating the complexities of supply chain disruptions. In this article, we take a deep dive into the projections
In recent years, the alarming statistics of alcohol-related crashes have prompted US regulators to consider integrating advanced technology into vehicles to detect drunk drivers. This initiative aims to significantly reduce the number of fatalities and injuries on the road. In 2021, the US witnessed over 13,000 deaths due to alcohol-related
Imagine the unfortunate scenario where your 2020 Cadillac Escalade is involved in an accident. Post-collision, even with comprehensive repairs, your vehicle might experience a significant decrease in market value, known as diminished value. This is an often-overlooked aspect following a car accident. Understanding and calculating this loss is crucial for
The tail end of the year brings a season of cheer for the U.S. automotive sector, marked by a significant upturn in new vehicle sales. A recent analysis by industry experts J.D. Power and GlobalData paints a promising picture: a projected 13% increase in December sales compared to the same
The automotive market has been on a rollercoaster ride, but there are signs of stabilization as declines slowed last week, with all segments experiencing depreciation of less than 2% for the first time since the last week of October. Auto Market Update Week Ending Dec 16, 2023 (PDF) Overview of
In the ever-evolving landscape of the automotive industry, the resale value of a used car is a crucial factor that can significantly influence the purchasing decisions of consumers. As the used-car market continues to thrive, with prices soaring due to disruptions in new car supply chains caused by the pandemic,
The U.S. electric vehicle (EV) market has witnessed a transformation in recent months, marked by a plateau in overall market growth. While Tesla continues to dominate, some traditional luxury brands and newcomers are making notable strides. This evolution is reshaping the market dynamics and challenging conventional expectations. Traditional Brands Overtaking
In the fast-paced world of automotive adventures, the unforeseen collision of your 2019 Jeep Cherokee can wreak havoc not just on its physical state but also on its market value. Despite meticulous repairs, the aftermath may result in diminished value, potentially equating to a substantial loss—think $4,650 or more. In
Navigating the intricate world of automotive depreciation, where the value of vehicles often takes a considerable hit post-dealership departure, is an inescapable reality. Delving into the intricate details, our exploration relies on comprehensive data analyzed by iSeeCars, unraveling the enigma of which cars bear the brunt of depreciation most intensely.
Auto Market Update: Analyzing Wholesale Prices Trends In this week’s Auto Market Update, we delve into the dynamics of the automotive market, focusing on the wholesale prices for the week ending December 9th. The industry continues to witness substantial declines, although there are noteworthy signs of moderation in the overall
Navigating the Crossroads: Economic Signals Point to a Potential Auto Pricing Precipice As the year draws to a close, the U.S. auto industry finds itself at a crossroads, with economic signals suggesting a potential downturn in the pricing landscape. Despite a consistent selling rate throughout 2023, concerns are emerging among
The resounding question on the minds of stakeholders in the used truck market has been a constant echo: “Are things finally stabilizing in the used truck market?” After years of navigating the tumultuous seas of unpredictability, it appears that the ship might be finding its course for a smoother ride.
In the unpredictable realm of automotive accidents, the aftermath extends beyond the repair shop. Many car owners are unaware that their once-pristine vehicles could suffer from diminished value, potentially losing thousands of dollars in market value. This article delves into the specifics of diminished value, using a case study focused
The Fast Lane: Unveiling the Top 10 Fastest-Selling Used Cars in America In the ever-evolving landscape of the automotive industry, the dynamics of used car sales are experiencing a notable shift. Traditionally perceived as the go-to option for budget-conscious consumers, the used car market has transformed into a realm where
Auto Market Recap and Wholesale Price Trends – November 2023 In the wake of a resolved six-week auto workers’ strike, the auto market in November experienced a tumultuous ride, marked by significant wholesale price fluctuations. This recap delves into the intricate details of the market’s movements, highlighting the key segments
In the ever-evolving automotive landscape, electric vehicles (EVs) are at the forefront of a sustainable future. A recent survey has brought attention to the reliability challenges faced by EVs compared to their traditional internal combustion engine (ICE) counterparts. This article delves into the survey findings, illuminates the hurdles confronted by
Navigating the Changing Landscape of EV Tax Credits: White House Unveils Foreign Entity of Concern Rules As the electric vehicle (EV) industry continues to surge forward, the Biden administration has recently detailed crucial guidance that could significantly impact the eligibility of EVs for tax credits. The focus of the guidance
In the hustle and bustle of everyday life, an unexpected collision can turn an ordinary day into chaos. Whether you’re an off-road enthusiast or a city driver, accidents happen, and the aftermath can extend beyond visible repairs. Did you know that even after meticulous fixes, your 2022 Honda Passport may
Automotive Affordability Crisis: A Global Perspective The landscape of the automotive market is undergoing a significant transformation, with rising vehicle prices in the US and Europe leaving budget-conscious consumers with limited options for affordable cars. This phenomenon is exacerbated by the increasing prominence of premium-priced electric vehicles (EVs) entering the
Auto Market Update Week Ending November 25th, 2023 As we reflect on the week ending November 25th, 2023, which encompassed the Thanksgiving holiday, the auto market displayed notable trends despite the shortened work week. A consistent theme emerged as the market experienced significant declines, extending the trend from the preceding
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