As the frost of winter begins to thaw and the promise of spring looms on the horizon, the automotive market is showing intriguing signs of life. In this week’s Auto Market Update, we delve into the shifting tides of the car and truck segments, where the stirrings of market stabilization
In the complex world of auto insurance, understanding the tactics insurance companies use to lowball your diminished value claim is crucial. At Diminished Value of Georgia, we’ve seen firsthand how these strategies can significantly affect your compensation This article explores these tactics and offers insights on how to counter them
A Story of Resilience and Recovery Once upon a time, in the bustling auto markets of the United States, a dramatic shift was unfolding. The year 2023 emerged as a beacon of hope after the tumultuous waves of COVID-19 and the crippling microchip shortage. As these challenges moved into the
Welcome to the complex and often misunderstood world of diminished value claims, especially when it involves a high-value vehicle like the 2023 Chevrolet Corvette. At Diminished Value of Georgia, we’re all about helping you understand and deal with the drop in your car’s value after an accident. 2023 Chevrolet Corvette
As we navigate through the evolving era of eco-friendly transportation, hydrogen vehicles emerge not just as a mere alternative, but as a pioneering force in 2024. With the backdrop of new regulatory landscapes and shifting investment patterns, the sector of hydrogen-fueled transport is not just surviving; it’s thriving with innovation
As the calendar page turns to 2024, the auto market tiptoes into the new year, much like a cautious explorer stepping into uncharted territory. Gone are the days of frenetic auction scenes that characterized the past, replaced now by a more measured tempo as January unfolds its first chapter. This
Table of contents The landscape of electric vehicles (EVs) in the United States is a fascinating blend of history, technology, market dynamics, and consumer attitudes. Let’s dive into this electrifying topic. 2024 Electric Vehicle Report – U.S. Sales and Registrations (PDF) The Evolution and Growth of Electric Vehicles in the
Imagine a world where every car on the road is a beacon of environmental sustainability. As we usher in 2024, this vision nudges closer to reality. But it’s not without its challenges. The past five years have seen legacy automakers, those giants of the automotive industry, boldly pledge to combat
Have you ever been involved in a car accident with your 2022 Chevrolet Bolt EV? If so, you’re likely familiar with the immediate concerns of safety and repairs. However, there’s an often-overlooked aspect that can significantly impact your finances: the diminished value of your vehicle. Picture this scenario: a regular
In 2023, car dealerships across the country faced a tough reality. Despite working hard to sell cars and keep their businesses running, their pretax profits dropped almost 20% in just nine months. This was a big change from the past, especially after dealing with all the ups and downs in
As 2023 came to a close, the auto industry witnessed fluctuations that could only be likened to a rollercoaster ride post-Thanksgiving. The wholesale market, in particular, experienced significant weekly declines, signaling a shift in the auto market landscape. Despite the presence of robust auctions and a bountiful inventory, sellers found
Tesla began 2023 much like a seasoned racer caught off-guard by an unexpected twist in the track. Elon Musk, the dynamic yet divisive figurehead, faced the challenge of steering the company through a year that would be marked by intense price wars and the excitement surrounding the Cybertruck release. Simultaneously,
For owners of the 2021 Ford Mustang Mach-E, understanding the concept of diminished value is crucial, especially after an accident. This article focuses on the 2021 Ford Mustang Mach-E Diminished Value, offering insights into how collisions can substantially lower the market value of this otherwise high-performing and luxurious electric vehicle
A Closer Look at Wholesale Prices During the Festive Season As we approach the end of December, the automotive auction scene has notably quieted, a common trend during the holiday season. Dealers are now poised for what’s colloquially known as the ’13th month’ – that crucial final week of the
As 2024 approaches, the American auto industry is showing signs of an exciting transformation. This period marks a critical juncture, with the industry emerging from the challenges of the global pandemic and navigating the complexities of supply chain disruptions. In this article, we take a deep dive into the projections
In recent years, the alarming statistics of alcohol-related crashes have prompted US regulators to consider integrating advanced technology into vehicles to detect drunk drivers. This initiative aims to significantly reduce the number of fatalities and injuries on the road. In 2021, the US witnessed over 13,000 deaths due to alcohol-related
Imagine the unfortunate scenario where your 2020 Cadillac Escalade is involved in an accident. Post-collision, even with comprehensive repairs, your vehicle might experience a significant decrease in market value, known as diminished value. This is an often-overlooked aspect following a car accident. Understanding and calculating this loss is crucial for
The tail end of the year brings a season of cheer for the U.S. automotive sector, marked by a significant upturn in new vehicle sales. A recent analysis by industry experts J.D. Power and GlobalData paints a promising picture: a projected 13% increase in December sales compared to the same
The automotive market has been on a rollercoaster ride, but there are signs of stabilization as declines slowed last week, with all segments experiencing depreciation of less than 2% for the first time since the last week of October. Auto Market Update Week Ending Dec 16, 2023 (PDF) Overview of
In the ever-evolving landscape of the automotive industry, the resale value of a used car is a crucial factor that can significantly influence the purchasing decisions of consumers. As the used-car market continues to thrive, with prices soaring due to disruptions in new car supply chains caused by the pandemic,
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
Wondering how much your vehicle lost in Value? Click the button to know more.
Diminished Value of Georgia is powered by Appraisal Engine Inc™ | All Rights Reserved.
