Global Auto Market Share Leaders in 2024 The 2024 automotive landscape saw fierce competition as brands raced to adapt to EV mandates, supply chain shifts, and changing consumer preferences. Here are the top 10 brands by global market share: Rank Brand Market Share Key Driver 1 Toyota 10.8% Hybrid dominance,
Imagine this: You’ve just repaired your 2022 Chevrolet Spark after an accident, and it looks as good as new. But when you try to sell or trade it in, dealers offer thousands less—simply because of its accident history. This loss, known as diminished value, is a hidden financial blow many car
Introduction In the automotive appraisal and resale industry, Condition Reports (CR) play a crucial role in determining a vehicle’s market value. While CR is widely used in auction settings, its impact on Diminished Value (DV) calculations is often overlooked. Understanding how CR ratings correlate with market pricing is essential for
Legal Terminology Training Manual This training manual provides definitions and explanations of common legal terms used in litigation, personal injury cases, and dispute resolution. Understanding these terms is essential for legal professionals, clients, and anyone involved in legal proceedings. Key Legal Terms and Definitions Alternative Dispute Resolution (ADR) Assumption of
What Is USPAP and Why Does It Matter? The Uniform Standards of Professional Appraisal Practice (USPAP) is the federally recognized benchmark for property valuations in the U.S. Governed by the Appraisal Foundation, USPAP ensures appraisals are: Non-compliant appraisals—often using shortcuts like generic formulas or unverified data—risk claim denials, lawsuits, and
If your 2023 Chrysler 300 has been in an accident, you may be facing more than just repair costs—you could be dealing with diminished value. Even after top-quality repairs, your car is no longer worth what it was before the accident. But how much value did it actually lose? More
Wholesale Price Trends Market depreciation slowed, aligning with seasonal norms, but challenges linger for older models: Category This Week Last Week 2017–2019 Average Car Segments -0.25% -0.43% -0.29% Truck & SUV Segments -0.16% -0.29% -0.34% Whole Market -0.19% -0.33% -0.32% Car Trends Newer models stabilize, but older vehicles face steep
If you’re considering taking legal action, small claims court is often the easiest and most affordable way to resolve a dispute. Each state has a maximum lawsuit limit, which determines how much money you can sue for in small claims court. Some states allow claims as high as $25,000, while
The Untold Story of Mabry v. State Farm — And Why It Still Haunts Insurers in 2025 Prologue – The Crash That Changed Everything Atlanta, 1998 John Mabry, a 34-year-old accountant and father of two, never imagined a fender-bender would thrust him into a legal war against a corporate titan.
Even after repairs, an accident can significantly impact your vehicle’s market value. If your 2024 Nissan Titan was involved in a collision, it has likely suffered diminished value—the difference between what it was worth before the accident and what it’s worth now. In this article, you’ll learn how diminished value
Wholesale Price Trends This Week Last Week of January 2017–2019 Average in Same Week Car Segments -0.44% -0.36% -0.35% Truck & SUVs Segments -0.39% -0.32% -0.36% Whole Market -0.41% -0.34% -0.36% Inventory & Retail Trends New Vehicles: Used Vehicles: 3 Trending News of the Week Legislative & Insurance Updates Georgia-Specific
When your car has been involved in an accident and sent to the shop for repairs, you expect it to be restored to its original condition. However, even after repairs, one crucial aspect often goes unnoticed: repair-related diminished value (DV). This is the loss in your vehicle’s market value due
GM’s Decision to Cancel the Next-Gen Camaro General Motors officially halted development of the seventh-generation Chevrolet Camaro in early 2025, despite earlier rumors of a revival. The sixth-generation model, discontinued in 2024 after declining sales and shifting market priorities, leaves a void in the muscle car segment. GM Authority reported
Your Volkswagen ID.4 may look as good as new after an accident, but its resale value tells a different story. Even with top-quality repairs, buyers and dealerships see accident history as a red flag—leading to a significant loss in market value. This article breaks down exactly how much your 2024
Wholesale Price Trends This Week Last Week 2017–2019 Average in Same Week Car Segments -0.30% -0.39% -0.35% Truck & SUVs Segments -0.38% -0.32% -0.36% Whole Market -0.36% -0.34% -0.36% The U.S. wholesale market remains stable but faces pressure from tariffs and shifting demand. Here’s the latest breakdown: Inventory & Retail
The Trump administration’s newly proposed tariffs on imports from Canada and Mexico have sparked widespread concerns, particularly within the automotive and energy sectors. These tariffs, set to impose a 25% tax on imported goods, could lead to increased prices for gas, cars, and essential consumer products. In this article, we’ll
Georgia’s EV Boom Meets Tesla’s Battery Revolution Georgia has emerged as a national leader in EV adoption, fueled by Hyundai’s $7.6 billion Metaplant near Savannah and Tesla’s dominance in the luxury EV market 16. However, Tesla’s shift to advanced lithium-iron phosphate (LFP) batteries in 2025—praised for longevity and fire resistance—has unintended
Even after repairs, your Audi A4 is worth less than before the accident. This loss is called diminished value, and it affects your car’s resale price. Insurance companies often minimize or ignore it, but with the right approach, you can recover what you’re owed. This article breaks down how diminished
1. The Reality Check: Autonomous Vehicles Shift Gears The autonomous vehicle (AV) industry is pivoting from grand visions of driverless utopias to practical, incremental advancements. Companies like Ford and GM are scaling back robotaxi ambitions, focusing instead on enhancing advanced driver-assistance systems (ADAS) and securing regulatory approvals for limited autonomy.
Car ownership is a cornerstone of modern life, offering convenience and freedom. However, the costs associated with owning a vehicle can vary dramatically depending on where you live. From insurance premiums and gas prices to registration fees and maintenance costs, the state you reside in plays a pivotal role in
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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