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
As July comes to a close, the auto market is showing signs of stabilization. The depreciation rates, which had seen significant declines in previous weeks, are now aligning more closely with typical rates for this time of year. Let’s dive into the specifics of the week ending July 27, 2024,
Electric vehicles (EVs) are steering the automotive industry into the future, and recent registration data paints a fascinating picture of this rapidly evolving market. While Tesla has long dominated the EV scene, the latest figures reveal some surprising trends. Here are four key insights from the most recent U.S. EV
Distracted driving might make for entertaining dashcam videos on social media, but it has increasingly become a deadly problem on America’s roads. A recent study by Bader Scott Injury Lawyers found that distracted driving kills thousands of people each year, with some states experiencing much higher numbers than others. In
Accidents happen, and when they do, they can leave a lasting mark on your vehicle’s value. Today, we’re diving into the specifics of how an accident affects the 2022 Ford Transit Connect’s resale value, offering insights that most websites overlook. 2022 Ford Transit Connect Diminished Value Case Study (PDF) What
Vehicle dependability is on the decline, as recent data reveals an uptick in issues after three years of ownership. This year, nearly two-thirds of the brands studied show increased problem levels, pushing the industry average up by 4 problems per 100 vehicles (PP100) to 190 PP100. The gap between initial
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