From Peaks to Plateaus: Examining the Current State of Used Truck Prices In recent times, the used truck market has experienced significant fluctuations, driven by a myriad of factors, most notably the global pandemic. However, recent data from Price Digests suggests that the market may finally be stabilizing after two
Auto Market Update for the Week Ending November 4, 2023 Last week, the wholesale auto market saw higher-than-typical seasonal depreciation across various segments as the industry grappled with the impact of the recent labor strikes. The United Auto Workers (UAW) reached tentative agreements with major automakers, including Stellantis, Ford, and
UAW Strike Impact and High-Interest Rates: US Auto Sales in Decline The US automotive market has had an eventful year in 2023. Several significant factors, including the six-week UAW strike, high interest rates, elevated vehicle prices, and fluctuating inventory levels, have created a dynamic landscape for both automakers and consumers.
In the vast and diverse landscape of the United States, the choice of a vehicle can vary significantly from one state to another. Factors such as climate, terrain, size, and local culture play a crucial role in determining the most popular cars on the road. In 2023, we have compiled
2023 Volkswagen Atlas Diminished Value Case Study (PDF) When accidents happen, your 2023 Volkswagen Atlas may suffer diminished value, potentially losing a substantial amount in its market worth. In this case study, we will explore the concept of diminished value and how it affects your prized SUV. Was Your 2023
When it comes to filing a diminished value (DV) claim, many vehicle owners may question its viability if their car already has a branded title. Branded titles signify significant damage, which can substantially affect a vehicle’s value. So, can you file a DV claim if your car has a branded
Auto Market Update Week Ending October 28, 2023 After six weeks of negotiations, the United Auto Workers (UAW) has reached a significant breakthrough with automotive giants Ford, Stellantis, and General Motors. This development comes after a challenging period in the auto market, marked by notable declines, particularly in the Truck
Automotive Leasing Landscape Poised for a Year of Fluctuation in 2024 Should Leasing Rates Return to Pre-Recession Levels? (PDF) Retail leasing returns in the United States are poised for a roller-coaster ride, as we head into 2024. According to Experian, one of the leading consumer credit reporting companies, the upcoming
The Evaporation of Zero Percent Financing: What’s Behind the Decline and Its Impact on Auto Shoppers In the wake of the COVID-19 pandemic, the automotive industry experienced unprecedented turbulence. As dealers and automakers scrambled to navigate this uncertain landscape, they turned to a familiar incentive to entice buyers: zero percent
Diminished value is a critical consideration for Mustang owners, especially after an accident. It refers to the loss in your vehicle’s value, which occurs due to its accident history, after repairs. This decreased value affects the resale price, and when it’s time to part ways with your beloved Mustang, you
Mazda Riding a Wave to 500,000 Sales: The Resurgence of a Japanese Icon Mazda, the renowned Japanese automaker, is experiencing a remarkable resurgence, poised to achieve remarkable sales milestones in the coming years. This impressive transformation, initiated in 2016, is characterized by various strategic moves that have positioned Mazda for
Revving Up the Weekly Auto Market Review: Ending October 21, 2023 Auto Market Update Week Ending Oct 21, 2023 (PDF) In a period of prolonged uncertainty driven by the United Auto Workers (UAW) strike, the auto market finds itself in a holding pattern, with industry players adopting a cautious “wait-and-see”
Detroit Three Strike Creates Headwinds, but October Sees a Silver Lining October Auto Sales Surge Expected Despite Industry Challenge (PDF) The U.S. automotive industry is navigating choppy waters, with the latest reports indicating that auto sales are poised to rise in October. However, the overarching uncertainties stemming from the ongoing
2021 Kia Seltos Diminished Value Case Study (PDF) In this comprehensive 2021 Kia Seltos Diminished Value case study, we delve into the implications of accidents on this remarkable SUV’s market worth. The 2021 Kia Seltos, sharing a platform with the Hyundai Kona, offers exceptional handling and an array of high-tech
Why a Dealer Appraisal Wont Help in a Diminished Value Insurance Claim (PDF) If you’ve been involved in a car accident and your car has been repaired, you may be wondering how to recover your vehicle’s lost value. The legal term for this is “Diminished Value” or DV. While different
The Digital Frontier: Exploring the Online F&I Sales Landscape In the fast-evolving landscape of the automotive industry, the digital shift has been particularly pronounced in recent years. Dealerships and automotive companies have adapted to the changing times, and online sales have become a significant part of their operations. One aspect
Auto Market Insights – Week Ending October 14, 2023 Auto Market Update Week Ending Oct 14, 2023 (PDF) In a constantly shifting automotive landscape, the industry grapples with the ongoing United Auto Workers (UAW) strike, a backdrop to recent developments in the auction market. As we tread carefully through this
What is Diminished Value? Diminished value is the reduction in your vehicle’s resale value after it has been involved in an accident and repaired. This loss in value can affect what you might receive if you decide to sell or trade in the vehicle later on since consumers tend to
Tesla’s EV Dominance Dips: A Deeper Look at the U.S. Electric Vehicle Market Trends in 2023 Analyzing Tesla’s 2023 Electric Vehicle Market Share Decline (PDF) The electric vehicle (EV) revolution in the United States is undergoing a subtle transformation as the market experiences a shift in consumer preferences, and Tesla,
Maximizing Your Car’s Value: A 2020 Honda Odyssey Diminished Value Case Study (PDF) Accidents happen, and when they involve your 2020 Honda Odyssey, the aftermath can be disheartening. Even after meticulous repairs, your beloved minivan might face diminished value, potentially shedding over $6,260 from its market worth. In this article,
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