2024 Kia Niro Diminished Value Case Study
Accidents happen, and when they do, they can significantly impact the value of your car. If your 2024 Kia Niro was in an accident, you might be wondering about its diminished value. Let’s delve into how the diminished value is calculated and what it means for you. 2024 Kia Niro
Are Chinese Electric Cars a Threat to U.S. Automakers?
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within the American automotive industry, which has grown increasingly worried about
Auto Market Update Week Ending May 11, 2024
In this week’s update, we’re diving deep into the nuances of the auto market as of May 11, 2024. The pulse of the market is steady—unfaltering yet revealing subtleties that predict future shifts. Here, we go beyond the typical metrics to uncover the less-discussed details that shape the automotive landscape.
Increasing Auto Loan Approvals with AI and Alternative Data
Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole
US Dealer Groups Experience F&I Profit Decline in Q1 2024
In the first quarter of 2024, the finance and insurance (F&I) sector witnessed a noticeable dip in gross profit per vehicle across most major US auto dealership groups. This trend underscores the ongoing challenges within the automotive retail industry, particularly in an environment of persistently high interest rates. Let’s delve
2022 Ford EcoSport Diminished Value Case Study
Navigating the aftermath of a car accident can be overwhelming, from dealing with repairs to handling insurance claims. But there’s another crucial aspect many drivers overlook: the diminished value of their vehicle. Particularly for a nearly new model like the 2022 Ford EcoSport, understanding how much value your car has