The recent update in vehicle emissions rules by the U.S. Environmental Protection Agency (EPA) is a prime example of a regulatory body aligning itself more closely with industry capabilities and consumer behavior. The initial standards set by the EPA were challenging, to say the least, and the auto industry expressed
Spring is finally here, and just like the weather, things in the car world are starting to heat up, too. Let’s imagine we’re at a car auction. People are buzzing around, cars are being sold, and there’s a sense of excitement in the air. This is a lot like what’s
In the dawn of the new year, amidst the quiet streets and the subtle hum of electric vehicles (EVs) cruising by, something interesting was happening in the U.S. The numbers were in, and they told a story of growth, albeit at a more subdued pace than before. January marked a
Once in a modern era, in the bustling world of international politics and global trade, a dramatic announcement echoed from the United States, setting the stage for a tale of tariffs, trade, and tension. This wasn’t just any policy pronouncement; it was a bold move by former President Donald Trump,
Imagine you own a 2022 Toyota Prius, valued at $23,500. Then, an accident happens. Post-repair, your car’s worth drops to $18,800. That’s a direct loss of $4,700 in value. This situation isn’t rare but often overlooked. Let’s delve into the concept of diminished value, focusing on the Toyota Prius, to
As winter’s chilly curtain draws to a close and the vibrant palette of spring begins to unfold, the realms of powersports and classic cars are igniting with a flurry of activity, prepping for a season brimming with promise and potential. March, with its blend of farewell to frost and a
As the first rays of the March sun thaw the remnants of winter’s chill, the automotive market, much like the resilient early spring blooms, is showing signs of vigorous life and renewal. Amidst this season of rejuvenation, the narrative of the week ending March 09, 2024, unfolds, revealing a tale
Car insurance is one of those things we all need but hope never to use. It’s like a safety net for your car, protecting you from financial headaches if something goes wrong. As we move into 2024, let’s take a straightforward look at what you can expect to pay for
As the last leaves fell in the autumn of 2023, so did the F&I gross profit per vehicle for the majority of public dealership groups. It was a quarter that many in the automotive industry watched closely, as whispers of change turned into tangible outcomes. But what caused this shift
Your 2023 Toyota Venza was involved in a collision, leading to not only physical damage but also an unexpected financial repercussion: diminished value. This case study explores the impact of an accident on your vehicle’s market value, even after repairs, spotlighting the often-overlooked concept of diminished value. 2023 Toyota Venza
So, you’re thinking about getting an electric vehicle (EV)? It’s a big step, sure, but also an exciting one. EVs are on the rise, offering a cleaner, more sustainable way to get around. Before you jump in, there are a few key things you should consider to make sure you’re
In the serene twilight of an early March evening, the auto market, much like the fleeting cherry blossoms of spring, showed subtle yet significant signs of change. Amidst this picturesque backdrop, let’s delve into a narrative not just about numbers and trends, but about a journey through the labyrinth of
As China’s influence in the global electric vehicle (EV) market continues to surge, US Energy Secretary Jennifer Granholm has raised significant concerns over the potential ramifications for American manufacturers. Granholm’s apprehensions stem from China’s adeptness at flooding the market with competitively priced EVs, a move that could potentially undercut the
Why Are Auto Loan Rates Going Up? Once upon a time, not too long ago, snagging a car loan with low interest was almost as easy as finding a coffee shop in a bustling city. But, like a plot twist in a classic tale, the landscape of auto financing began
Let’s dive straight into the heart of the matter: the diminished value of a 2022 Volkswagen Jetta after an accident. It’s a topic that many don’t think about until it directly affects them, but it’s crucial for any car owner to understand. After an accident, even with the best repairs,
Imagine the truck market as a vast, bustling highway, where every turn of the year brings new scenery. Recently, this highway has felt more like a roller-coaster—full of unexpected ups and downs. The past few years, with their global pandemics and economic twists, have left everyone asking: What’s next? Now,
Imagine, if you will, a vast ocean, its surface mirroring the ever-changing skies above. This ocean is not filled with water, but with cars and trucks, each wave representing the fluctuations of the automotive market. Just like sailors navigating through calm and stormy weather, dealers and investors keep a keen
Filing for diminished value after an accident can be tricky. Many people miss out on the money they deserve because they make simple mistakes. “Diminished value” (DV) means your car is worth less even after it’s fixed. But getting that money isn’t always easy. You might not know you can
Imagine a big meeting where car makers, environmental groups, and government folks are all sitting around a table. They’re there to talk about how to make cars that pollute less. The government, especially the EPA, wants cars to be cleaner than ever before. But the car companies are saying, “Hold
Imagine this: You’re cruising down the road in your 2021 Volvo XC90, the embodiment of luxury and safety when suddenly, the unexpected happens—a collision. While the physical damages may be repairable, there’s an often overlooked aftermath that could affect your wallet long after the repairs are done: diminished value. This
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
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