When your vehicle is declared a total loss after an accident, the insurance company’s settlement offer might not always reflect your vehicle’s true market value. This is where a second opinion appraisal becomes crucial. At Diminished Value of Georgia, we specialize in helping drivers ensure that they are receiving a
An accident can change everything in an instant, especially when it comes to your car’s value. Even after repairs, your 2022 Acura RDX may not be worth what it once was. This decrease in value, known as diminished value, can significantly impact what you’ll get if you decide to sell
After an accident, even with perfect repairs, your car’s market value decreases. This financial loss, known as diminished value, can be claimed by insurance companies like Allstate. Filing a diminished value claim ensures you’re compensated for this loss. This guide walks you through the process, focusing on how to navigate
If you own a 2024 Lincoln Aviator and it has been in an accident, you may have noticed a disturbing trend – even after repairs, the value of your SUV has decreased. This decrease in value is referred to as diminished value, and it affects many car owners who have
The wholesale auto market saw some interesting twists in the week ending September 7th, 2024. The current trend is a departure from the usual seasonal patterns. While the used car market is cooling down, trucks and SUVs are displaying strong growth. It’s a delicate balance – cars are declining, but
When your car is involved in an accident, even after repairs, its market value often drops. This is what we refer to as diminished value—the difference in your vehicle’s worth before and after the collision. If you’re insured by USAA, navigating their diminished value claims process can be challenging. Here,
The 2023 Subaru Legacy is a popular midsize sedan that combines safety, performance, and reliability in an elegant package. It commands a high resale value due to its impressive safety features and exceptional design. After your Subaru Legacy has been in an accident, even if the damage is minor, the
The auto market, for the week ending August 24, 2024, has shown some subtle yet crucial movements that could easily go unnoticed if you’re not keeping an eye on the fine print. While the overall market is relatively stable, specific trends in truck and SUV segments are quietly shaping up
Accidents are a nightmare, no doubt about it. Whether it’s a minor fender bender or a more serious collision, the aftermath is often more than just a repair bill. If you own a 2022 Hyundai Ioniq 5 and it’s been in an accident, there’s another financial hit you need to
The push for electric vehicles (EVs) is no longer a niche initiative; it’s a national priority. The Biden administration has made it clear that the future of transportation lies in electrification, and to back that vision, the U.S. government is pumping $521 million into EV infrastructure. This investment is designed
Auto market updates are often filled with predictable patterns and familiar trends. But every so often, the numbers reveal shifts that catch even seasoned analysts by surprise. The week ending August 24, 2024, was one of those times. While many continued to grapple with the impact of high interest rates,
The automotive world is buzzing with the shift towards electric vehicles (EVs), promising a new era of cleaner, more efficient transportation. However, for dealerships, this shift isn’t just about selling the latest models. It’s about tackling new, and often unforeseen, challenges. One of the most significant issues now emerging is
New car models in 2024 are loaded with the latest tech, from advanced safety systems to high-end infotainment setups. On paper, these innovations seem like a dream come true for modern drivers—promising ease, convenience, and even a touch of luxury. But, when it comes down to real-world use, many buyers
Let’s start with the basics—what exactly is diminished value? Simply put, diminished value is the difference between your car’s market value before and after an accident. Even if your 2024 Audi Q3 is restored to showroom condition, the fact that it was involved in an accident can make it less
As Chinese electric vehicle (EV) makers face U.S. tariffs, Mexico emerges as a key player in their North American strategy. Could Mexico become the new entry point for Chinese cars into the U.S.? DOWNLOAD Chinese Cars in Mexico PDF The Rise of Chinese EVs in Mexico In recent years, Mexico
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,
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.
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