Detroit Three Strike Creates Headwinds, but October Sees a Silver Lining October Auto Sales Surge Expected Despite Industry Challenge (PDF) Read moreWorst Cars 2015 – Cost of OwnershipThe U.S. automotive industry is navigating choppy waters, with the latest reports indicating that auto sales are poised to rise in October. However,
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) Read moreUSPAP Standard 8-3If 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
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. Read more2021 Honda Civic EX Loss
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. Read more2021 Honda
A Comprehensive Analysis of September’s Auto Sales (PDF) September’s auto sales exceeded expectations and defied market challenges, with significant gains in the third quarter. Labor Day weekend shopping, improved new-vehicle inventory, and robust demand for light trucks, and electric vehicles (EVs) contributed to the remarkable performance. Let’s delve into the
Auto Market Update Week Ending October 7, 2023 (PDF) The United Auto Workers (UAW) strike continues to cast a shadow over the automotive industry. In the latest developments, last week’s auction activity exhibited a noticeable slowdown. Buyers approached the market with caution as negotiations with major players like Ford, Stellantis,
Understanding Branded Titles: Navigating Types, Risks, and Rewards (PDF) When shopping for a used car, you might come across the term “branded title,” and wonder what it means and whether it’s a good deal. In this comprehensive guide, we’ll delve into the world of branded titles, exploring their meaning, types,
2019 Lexus NX 300 Diminished Value Case Study (PDF) In the world of luxury SUVs, the 2019 Lexus NX 300 is undoubtedly a standout choice, celebrated for its style, comfort, and an array of high-end features. However, what happens when your beloved Lexus encounters an unexpected mishap on the road?
The Removal of the Appraisal Clause: A Detriment to State Farm’s Auto Policyholders (PDF) State Farm, one of the largest insurance providers in the United States, recently implemented a significant change to its Alabama auto insurance policies by removing the appraisal clause provisions. This decision has sparked concerns and raised
Auto Market Update – September 2023: Navigating the UAW Strike and Market Resilience (PDF) In the heart of September 2023, the automotive market stands at a crossroads. The United Auto Workers (UAW) strike continues to loom large, impacting production, supply chains, and buyer sentiment. Yet, amidst this uncertainty, the market
Chinese Electric Car Makers: From Elon Musk’s Mockery to European Domination – Can They Break into the US Market? (PDF) In 2011, when Elon Musk was asked about the threat posed by the Chinese electric car manufacturer BYD to Tesla, he chuckled, dismissing them as inconsequential. Fast forward to today,
2023 Chevrolet Suburban Diminished Value Case Study (PDF) The Chevrolet Suburban, an iconic nameplate dating back to 1935, has established itself as a household name over 87 years, akin to the recognition of Coca-Cola. Now in its 12th generation, this colossal full-size SUV, built on a robust body-on-frame platform, continues
Collision Costs for EVs vs. Non-EVs: Are EV Repairs Really More Expensive? (PDF) Electric vehicles (EVs) have been making waves in the automotive industry, touted for their environmental benefits, lower operational costs, and cutting-edge technology. Read moreUSPAP Standard 8-3However, one aspect that often goes under the radar is the cost
Pre-Owned EVs and Tax Credits: Everything You Need to Know (PDF) Navigating the world of pre-owned electric vehicle (EV) sales has become a source of anxiety for car dealers across the United States. They are urgently seeking guidance from the U.S. Treasury Department to clarify the intricacies of what counts
Auto Market Update Week Ending September 23rd, 2023 (PDF) The automotive market has had an eventful week, dominated by the United Auto Workers (UAW) strike, which has left the industry with mixed signals. While overall depreciation rates are slowing down, the real story lies in the details. Check here for
2022 Hyundai Sonata Diminished Value Case Study (PDF) The 2022 Hyundai Sonata offers an enticing blend of style, value, and performance options. This family sedan boasts a diverse lineup, ranging from well-equipped entry-level trims to efficient hybrids and a sporty N Line model. While the N Line’s 290-horsepower turbo-four engine
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