Auto market updates are often filled with predictable patterns and familiar trends. But every so often, the numbers reveal shifts that catch even seasoned analysts by surprise. The week ending August 24, 2024, was one of those times. While many continued to grapple with the impact of high interest rates,
The automotive world is buzzing with the shift towards electric vehicles (EVs), promising a new era of cleaner, more efficient transportation. However, for dealerships, this shift isn’t just about selling the latest models. It’s about tackling new, and often unforeseen, challenges. One of the most significant issues now emerging is
New car models in 2024 are loaded with the latest tech, from advanced safety systems to high-end infotainment setups. On paper, these innovations seem like a dream come true for modern drivers—promising ease, convenience, and even a touch of luxury. But, when it comes down to real-world use, many buyers
Let’s start with the basics—what exactly is diminished value? Simply put, diminished value is the difference between your car’s market value before and after an accident. Even if your 2024 Audi Q3 is restored to showroom condition, the fact that it was involved in an accident can make it less
As Chinese electric vehicle (EV) makers face U.S. tariffs, Mexico emerges as a key player in their North American strategy. Could Mexico become the new entry point for Chinese cars into the U.S.? DOWNLOAD Chinese Cars in Mexico PDF The Rise of Chinese EVs in Mexico In recent years, Mexico
Fast forward three years from the COVID-19 pandemic, which drastically impacted new vehicle production, and we find ourselves in a market that’s anything but straightforward. With high interest rates, significant negative equity, and rising new vehicle incentives all playing a role, the wholesale auto market is showing signs of both
In 2024, the automotive world is witnessing a seismic shift, and Nissan dealerships are at the epicenter of this turbulence. If you’re wondering why nearly 40% of Nissan dealerships across the United States are finding themselves in the red, you’re not alone. The challenges they’re facing are not just about
When you’re shelling out big bucks for a new car, you want it to last. Let’s face it: no one enjoys the idea of forking over thousands of dollars for a vehicle that’s going to start showing signs of wear after just a few years. Fortunately, today’s cars are more
Accidents happen. Even when you meticulously care for your 2023 Tesla Model X, one unfortunate event can significantly impact its value. But how much of a hit does it take? Enter the concept of diminished value—an often misunderstood and under-discussed aspect of car ownership that can have a substantial financial
The used car market has been nothing short of a rollercoaster over the past few years. If you’ve been tracking it, you know just how wild things got during the pandemic. Prices for used vehicles soared to unprecedented heights, driven by a perfect storm of factors like supply chain disruptions,
The auto market is like a rollercoaster these days—just when you think you’ve got a handle on it, something unexpected happens. As we delve into the week ending August 10, 2024, you’ll find that while some trends are sticking to the script, others are throwing us for a loop. From
California has always been a trailblazer in setting trends, especially when it comes to embracing cutting-edge technology. This trendsetting nature is vividly reflected in the rise of electric vehicles (EVs), where Tesla, led by the ever-innovative Elon Musk, once stood as the uncontested leader. However, fresh data suggests that Tesla’s
The automotive industry is on the brink of a major transformation, with electric vehicles (EVs) gradually taking center stage. However, this shift is not without its challenges. One of the most pressing issues is the projected underutilization of North American auto factories by 2030. As automakers navigate the complexities of
Imagine this: You’re cruising in your shiny new 2024 Chevrolet Camaro, feeling on top of the world. The car is everything you’ve ever wanted—powerful, sleek, and a true head-turner. But then, the unthinkable happens: an accident. Thankfully, no one’s hurt, and the car gets repaired. But now, something’s changed. It’s
A seismic shift has occurred in China’s automotive market, a transformation so rapid and significant that it’s leaving the rest of the world in its wake. In July 2024, China reached a landmark achievement: more than half of all new cars sold were either electric vehicles (EVs) or hybrids. This
The auto market’s always buzzing with activity, and the week ending August 03, 2024, is no exception. In this update, we’re diving into the nitty-gritty of wholesale prices, car and truck segment performances, and the state of the used retail market. We’re not just rehashing the same old data; we’re
The automotive industry is abuzz with anticipation as Mercedes-Benz gears up to introduce its electric CLA crossover, poised to challenge the dominance of the Tesla Model Y. With production slated to begin in October 2025 in Rastatt, Germany, this new entry from Mercedes promises to be a game-changer in the
Imagine cruising down the highway, your car’s autopilot fully engaged, while you catch up on your favorite series. This futuristic scenario hinges on advanced autonomous vehicle technology. However, the US government is about to throw a wrench into the works by proposing a ban on Chinese software in these high-tech
What happens to the value of your car after an accident? Even if the repairs are top-notch, there’s often a hidden cost in the form of diminished value. Let’s explore the specifics of a 2023 Volkswagen Atlas Sport and uncover some insights that many websites overlook. 2023 Volkswagen Atlas Sport
Imagine cruising down the highway, enjoying the open road, and unbeknownst to you, your car is busy collecting data on your every move. Sounds like a sci-fi plot, right? Well, it’s not. This is happening right now, and what’s worse, this data is being sold to insurance companies for next
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