The auto market is like a rollercoaster these days—just when you think you’ve got a handle on it, something unexpected happens. As we delve into the week ending August 10, 2024, you’ll find that while some trends are sticking to the script, others are throwing us for a loop. From
California has always been a trailblazer in setting trends, especially when it comes to embracing cutting-edge technology. This trendsetting nature is vividly reflected in the rise of electric vehicles (EVs), where Tesla, led by the ever-innovative Elon Musk, once stood as the uncontested leader. However, fresh data suggests that Tesla’s
The automotive industry is on the brink of a major transformation, with electric vehicles (EVs) gradually taking center stage. However, this shift is not without its challenges. One of the most pressing issues is the projected underutilization of North American auto factories by 2030. As automakers navigate the complexities of
Imagine this: You’re cruising in your shiny new 2024 Chevrolet Camaro, feeling on top of the world. The car is everything you’ve ever wanted—powerful, sleek, and a true head-turner. But then, the unthinkable happens: an accident. Thankfully, no one’s hurt, and the car gets repaired. But now, something’s changed. It’s
A seismic shift has occurred in China’s automotive market, a transformation so rapid and significant that it’s leaving the rest of the world in its wake. In July 2024, China reached a landmark achievement: more than half of all new cars sold were either electric vehicles (EVs) or hybrids. This
The auto market’s always buzzing with activity, and the week ending August 03, 2024, is no exception. In this update, we’re diving into the nitty-gritty of wholesale prices, car and truck segment performances, and the state of the used retail market. We’re not just rehashing the same old data; we’re
The automotive industry is abuzz with anticipation as Mercedes-Benz gears up to introduce its electric CLA crossover, poised to challenge the dominance of the Tesla Model Y. With production slated to begin in October 2025 in Rastatt, Germany, this new entry from Mercedes promises to be a game-changer in the
Imagine cruising down the highway, your car’s autopilot fully engaged, while you catch up on your favorite series. This futuristic scenario hinges on advanced autonomous vehicle technology. However, the US government is about to throw a wrench into the works by proposing a ban on Chinese software in these high-tech
What happens to the value of your car after an accident? Even if the repairs are top-notch, there’s often a hidden cost in the form of diminished value. Let’s explore the specifics of a 2023 Volkswagen Atlas Sport and uncover some insights that many websites overlook. 2023 Volkswagen Atlas Sport
Imagine cruising down the highway, enjoying the open road, and unbeknownst to you, your car is busy collecting data on your every move. Sounds like a sci-fi plot, right? Well, it’s not. This is happening right now, and what’s worse, this data is being sold to insurance companies for next
As July comes to a close, the auto market is showing signs of stabilization. The depreciation rates, which had seen significant declines in previous weeks, are now aligning more closely with typical rates for this time of year. Let’s dive into the specifics of the week ending July 27, 2024,
Electric vehicles (EVs) are steering the automotive industry into the future, and recent registration data paints a fascinating picture of this rapidly evolving market. While Tesla has long dominated the EV scene, the latest figures reveal some surprising trends. Here are four key insights from the most recent U.S. EV
Distracted driving might make for entertaining dashcam videos on social media, but it has increasingly become a deadly problem on America’s roads. A recent study by Bader Scott Injury Lawyers found that distracted driving kills thousands of people each year, with some states experiencing much higher numbers than others. In
Accidents happen, and when they do, they can leave a lasting mark on your vehicle’s value. Today, we’re diving into the specifics of how an accident affects the 2022 Ford Transit Connect’s resale value, offering insights that most websites overlook. 2022 Ford Transit Connect Diminished Value Case Study (PDF) What
Vehicle dependability is on the decline, as recent data reveals an uptick in issues after three years of ownership. This year, nearly two-thirds of the brands studied show increased problem levels, pushing the industry average up by 4 problems per 100 vehicles (PP100) to 190 PP100. The gap between initial
The automotive industry has seen notable shifts in 2024. While some automakers experienced significant growth, others faced challenges. This analysis delves into the sales performance of the top 10 automakers in the first half of 2024, highlighting key trends and market dynamics. Top 10 Automakers in 2024: Sales Analysis and
Hey there, auto enthusiasts! This week’s auto market update is packed with insights you won’t find elsewhere. We’re diving deep into the latest trends, focusing on wholesale prices, car and truck segments, and the factors driving these changes. So buckle up and let’s get started! This Week Last Week 2017-2019
Electric vehicles (EVs) have swiftly transitioned from a futuristic concept to a mainstream reality, increasingly dominating our roads. In just the second quarter of 2024, an impressive 700 new fast-charging stations have emerged, fueling the rapid expansion of the EV infrastructure at a remarkable pace. But will this surging growth
Have you ever wondered how an accident affects your car’s value, even after perfect repairs? Let’s dive into the world of diminished value, focusing on a real-world case study of the 2024 GMC Savana. You’ll uncover insights often overlooked and learn why an appraiser can be your best ally. 2024
Despite rising auction conversion rates, the days to turn on dealership lots are consistently increasing. In terms of valuations, the market continues to decline at a pace that surpasses pre-pandemic norms for this time of year. This Week Last Week 2017-2019 Average(Same Week) Car segments –0.54% –0.62% –0.39% Truck &
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