Auto Market Update – November 26, 2024 As we near the end of November, the auto market reflects typical late-year patterns, with depreciation trends stabilizing and a focus on high-demand segments. This week’s highlights include an in-depth look at price trends across segments, the used retail market, and an analysis
Chinese electric vehicles (EVs) are finally making waves in the U.S. market, and they’re bringing more than just competitive prices. With automakers like BYD, SAIC, and Geely leading the charge, there’s growing interest—and concern—over how these brands will perform in a market dominated by Tesla, GM, and Ford. However, entering
Accidents can significantly impact your vehicle’s worth, especially when it comes to the Subaru WRX diminished value. Even after top-notch repairs, the fact that your car has an accident history can lower its market value since buyers will probably not be willing to pay the same amount for a car
As we move further into November, the automotive market continues to experience the seasonal fluctuations and trends that shape vehicle pricing and inventory dynamics. This week, we’re diving into the latest wholesale price movements, truck and SUV segment activity, and retail inventory patterns, alongside a look at Tesla’s groundbreaking innovations
When dealing with a State Farm total loss claim, understanding the process is crucial to ensure you receive fair compensation. State Farm uses specific guidelines to evaluate whether a vehicle qualifies as a total loss and how claims are handled. As experienced appraisers, we specialize in helping policyholders navigate the
Black Friday is one of the best times to shop for a car, with dealerships promising huge discounts and irresistible offers. But are all those deals as great as they seem? Unfortunately, some promotions are more about marketing gimmicks than real savings. This guide is specifically designed for car buyers
An accident can change more than just your driving routine—it can significantly impact your Genesis GV70’s worth. Even with flawless repairs, its diminished value may surprise you. But how much has your Genesis GV70 really lost? Was Your 2024 Genesis GV70 in an Accident? Using a detailed analysis and our patent
The 2024 Toyota BZ4X new car cost reflects its value as a cutting-edge electric SUV designed for modern drivers. Combining sleek design, advanced technology, and competitive pricing, it’s a strong contender in the growing EV market. This guide provides an in-depth look at the vehicle’s cost, equipment, and key features,
November 2024 Auto Market Update – Insights from November 12th, 2024 This November, wholesale prices in the automotive market have shown stability, with transaction rates beginning to balance. However, a sharper depreciation was noted in the car segment, particularly in budget-friendly categories like compact and full-size cars. Meanwhile, truck and
When leasing a car, many drivers aren’t fully aware of the financial protection built into their lease agreement, especially when it comes to accidents or total loss situations. A key feature included in most leases is GAP insurance, which offers crucial coverage that protects lessees from potential financial burdens if
If your 2023 Mini Cooper has been in an accident, you may be wondering just how much its value has dropped. Even after the best repairs, an accident can leave a lasting impact on your vehicle’s worth. Insurance companies often underestimate this loss, but our detailed, data-driven approach tells a
Practical 7 Steps Guide: How to Spot if a Car Was in an Accident Here’s a simple, hands-on guide to help you spot signs of a past accident. Follow these quick steps like a true appraiser: 1. Examine Paint and Panels 2. Check for Uneven Gaps 3. Inspect Headlights and
Introduction November 2024 brings a range of significant developments within the auto market. As we progress through the fourth quarter, seasonal trends and broader economic factors are affecting wholesale prices, retail dynamics, and auction activities. Here’s a breakdown of the key changes shaping the automotive landscape this month. Quick Stats
When an accident happens, insurance payouts often follow. But can you choose to repair your own car using this money? The quick answer is no. Generally, repairs need to be performed by an approved body shop to ensure quality and safety standards. While it may seem tempting to save on
How to Check if a Car Was in an Accident: Essential Guide for Used Car Buyers Buying a used car can be a great decision, but one question every buyer should ask is, “How do I check if a car was in an accident?” Whether the vehicle has been well
Did your Cadillac XT6 recently go through an accident? You’re not alone in facing the hidden financial impact that even the best repairs can’t erase. Insurance companies often won’t explain how much your vehicle’s value has dropped, leaving you with a payout that falls short of covering the true loss.
October 2024 Auto Market Update—Week Ending October 29th Introduction In the final week of October, the auto market continued to adjust as wholesale prices softened across both car and truck segments. With seasonal demand stabilizing, certain segments saw sharper price declines, influenced by broader inventory levels and steady auction activity.
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