Picture a vibrant used-car dealership in the heart of Atlanta, where vehicles of all make and models line the lot, each a silent testament to the ever-evolving market dynamics. As 2024 unfolds, the used-car market is undergoing a significant transformation. After several years of atypical conditions, signs of normalization are
Imagine cruising down the streets in your shiny, new 2022 Hyundai Santa Cruz, the envy of your neighbors and friends. But one unfortunate day, it’s involved in an accident. Thankfully, you’re unharmed, and the vehicle is expertly repaired, looking as good as new. However, when the time comes to sell,
Imagine a world where buying a car is as enjoyable as the first drive in your new vehicle. For years, car buyers have navigated a sea of uncertainty and stress, but as we enter 2023, a wave of change is sweeping across the automotive landscape. Cox Automotive’s Car Buyer Journey
As the sun sets on another week in the world of automotive commerce, it leaves behind a trail of subtle yet significant changes. The recent trends in vehicle depreciation, a topic often overlooked in mainstream discussions, are painting a fascinating picture of the market’s evolution. This week, we delve deeper
Electric Cars in Cold Weather: Navigating and Overcoming the Challenges Imagine a typical winter morning in Atlanta but with a twist. You, an electric vehicle (EV) owner, step out to find your car struggling against the cold. This isn’t just a hypothetical scenario; it’s a reality faced by many EV
Imagine a journey back to 1990 – a time when the automotive landscape in the United States was quite different from today. Picture the roads less congested, the variety of vehicles more limited, and the concept of electric cars almost a distant dream. Fast forward to 2022, and you’ll find
Accidents happen, and they can affect more than just the look of your car. If your 2020 BMW 4-Series was in a crash, its value might have dropped, even after repairs. This loss in value is called diminished value, and it’s an important factor many car owners don’t know about.
A Fresh Start: Looking Back at 2023 Let’s start with a simple picture. Imagine sitting with a cup of coffee, reading about car sales in 2023. It was a big year for cars in Europe and the USA. In the EU, new car registrations went up by almost 14%. In
As the frost of winter begins to thaw and the promise of spring looms on the horizon, the automotive market is showing intriguing signs of life. In this week’s Auto Market Update, we delve into the shifting tides of the car and truck segments, where the stirrings of market stabilization
In the complex world of auto insurance, understanding the tactics insurance companies use to lowball your diminished value claim is crucial. At Diminished Value of Georgia, we’ve seen firsthand how these strategies can significantly affect your compensation This article explores these tactics and offers insights on how to counter them
A Story of Resilience and Recovery Once upon a time, in the bustling auto markets of the United States, a dramatic shift was unfolding. The year 2023 emerged as a beacon of hope after the tumultuous waves of COVID-19 and the crippling microchip shortage. As these challenges moved into the
Welcome to the complex and often misunderstood world of diminished value claims, especially when it involves a high-value vehicle like the 2023 Chevrolet Corvette. At Diminished Value of Georgia, we’re all about helping you understand and deal with the drop in your car’s value after an accident. 2023 Chevrolet Corvette
As we navigate through the evolving era of eco-friendly transportation, hydrogen vehicles emerge not just as a mere alternative, but as a pioneering force in 2024. With the backdrop of new regulatory landscapes and shifting investment patterns, the sector of hydrogen-fueled transport is not just surviving; it’s thriving with innovation
As the calendar page turns to 2024, the auto market tiptoes into the new year, much like a cautious explorer stepping into uncharted territory. Gone are the days of frenetic auction scenes that characterized the past, replaced now by a more measured tempo as January unfolds its first chapter. This
Table of contents The landscape of electric vehicles (EVs) in the United States is a fascinating blend of history, technology, market dynamics, and consumer attitudes. Let’s dive into this electrifying topic. 2024 Electric Vehicle Report – U.S. Sales and Registrations (PDF) The Evolution and Growth of Electric Vehicles in the
Imagine a world where every car on the road is a beacon of environmental sustainability. As we usher in 2024, this vision nudges closer to reality. But it’s not without its challenges. The past five years have seen legacy automakers, those giants of the automotive industry, boldly pledge to combat
Have you ever been involved in a car accident with your 2022 Chevrolet Bolt EV? If so, you’re likely familiar with the immediate concerns of safety and repairs. However, there’s an often-overlooked aspect that can significantly impact your finances: the diminished value of your vehicle. Picture this scenario: a regular
In 2023, car dealerships across the country faced a tough reality. Despite working hard to sell cars and keep their businesses running, their pretax profits dropped almost 20% in just nine months. This was a big change from the past, especially after dealing with all the ups and downs in
As 2023 came to a close, the auto industry witnessed fluctuations that could only be likened to a rollercoaster ride post-Thanksgiving. The wholesale market, in particular, experienced significant weekly declines, signaling a shift in the auto market landscape. Despite the presence of robust auctions and a bountiful inventory, sellers found
Tesla began 2023 much like a seasoned racer caught off-guard by an unexpected twist in the track. Elon Musk, the dynamic yet divisive figurehead, faced the challenge of steering the company through a year that would be marked by intense price wars and the excitement surrounding the Cybertruck release. Simultaneously,
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
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