Imagine this: You’re cruising in your 2022 Lexus GX, enjoying the ride, when suddenly, bam! An accident. Now, as you deal with the aftermath, questions arise. What’s the impact on your GX’s value? How do you even figure that out? Don’t worry, we’re here to unravel the mystery behind the
April 2024 has unfolded as an intriguing chapter in the narrative of the U.S. light-vehicle market. After 20 months of consecutive growth, this April observed a modest setback, with total new-vehicle sales slipping 3.9 percent to 1.32 million units compared to April of the previous year. This mixed bag—comprising growth
Last week painted a picture of subtle tranquility in the broader market, with a whisper-thin increase of just 0.01%. It’s like the gentle hum of a well-oiled engine running in the background. But beneath this calm surface, the currents of change are stirring, particularly in the realms of luxury vehicles,
In the heart of Detroit, a tale of two giants unfolds—one facing a rough patch, the other on a rising path. Ford Motor Co., a beacon of American automotive strength, recently faced a substantial setback. The company’s meticulous focus on enhancing vehicle quality led to delayed shipments and a noticeable
Under the stars of a clear California night, somewhere in the vastness of Tesla’s sprawling Fremont factory, the hum of machines blends with the hushed whispers of engineers. These are the sounds of innovation and adaptation—a company standing at the crossroads of financial challenge and technological promise. Just last week,
Imagine you just got a new 2024 Nissan Murano. It looks great and drives smoothly. Then, suddenly, someone hits your car. Accidents happen, but what matters just as much is what comes next—especially for your car’s value. Let’s dive into how the diminished value was calculated for your Murano 2024
Imagine the year 2024, and the automotive world is abuzz with the latest developments in alternative fuel technologies. You’re standing at a crossroads—one path leads to a sleek electric vehicle (EV) charging at a modern station, while the other winds towards a hydrogen fuel cell vehicle being refueled in minutes.
In the second week of April 2024, the auto market showed signs of a spring slowdown, reflecting a cautious approach from buyers and a nuanced shift in market dynamics. The overall market inched up slightly by +0.05%, while Trucks and SUVs experienced a minor decline of -0.02%. This week paints
Imagine a giant, draped in a heavy cloak, who strides confidently into the electric truck market, poised to conquer. Suddenly, a snag — a recall — catches the edge of the cloak, giving us a rare peek at the stature beneath. This is what happened with Tesla’s recent recall, inadvertently
Once upon a time, opting for a used car felt like grabbing a winning ticket—affordable, practical, and just a tad worn. However, as the calendar flipped to the early months of 2024, buyers stepping into the market encountered a new scene: a daunting average interest rate of 11.7% on used
Imagine driving your sleek, new 2023 BMW 3-Series, the engine humming smoothly as you navigate through the city streets. Then, suddenly, an unexpected accident alters not just the vehicle’s perfect exterior but also its market value. Such a scenario is more than just a setback; it’s a financial whirlwind. Today,
Once upon a time, in the not-so-distant past, the electric vehicle (E.V.) market was like a high-speed highway, with Tesla zooming ahead, leaving competitors in a cloud of eco-friendly dust. But recently, it seems like there’s been a collective foot easing off the pedal. What’s going on with the slowing
Imagine you’re standing at a crossroads in a bustling city. To your left, luxury cars gleam under the showroom lights, but as you turn right, you notice older models quietly increasing in value. This week, the auto market tells a similar story of diverging paths, where growth continues but with
Once heralded as the dawn of a new era in transportation, hydrogen fuel cell vehicles (FCEVs) seemed poised to take the roads by storm. However, the brisk wind of enthusiasm has seemingly cooled, as recent data paints a starkly different picture. The beginning of 2024 wasn’t just chilly in terms
Imagine walking into a car dealership on a sunny Saturday morning, ready to finally make the switch to an electric vehicle (EV). As you discuss the price, the dealer smiles and says, “Let’s apply for your EV tax credit right now and reduce the price immediately.” This isn’t a dream
Imagine you’re driving your shiny 2022 Buick Enclave, the epitome of comfort and style on four wheels. One unfortunate day, amidst the bustling city traffic, a sudden screech, and an unavoidable thud change everything. Post-repair, your once pristine Buick doesn’t just bear the invisible scars of the incident; it also
Picture this: streets lined with cars that don’t make much noise and don’t spew smoke. These cars are part of why you might end up with a few extra dollars in your pocket at the end of the month, even if you don’t own one. Yes, we’re talking about electric
Once upon a recent week, the auto market, a vast expanse of shimmering metal and polished paint, buzzed with the gentle hum of transactions and exchanges. As dealers and buyers danced their delicate dance of negotiation and purchase, the numbers whispered the tale of an ever-evolving saga. The week ending
In the vast world of auto financing, consumers with lower credit scores often find themselves navigating a confusing labyrinth. Recent findings by Open Lending spotlight a crucial roadblock: the lack of clear information and trust in the auto loan process. This journey, fraught with increased monthly payments and a high
As the first quarter of the year wraps up, the auto industry finds itself at a fascinating crossroads. While overall new light-vehicle market sales have revved up by 5.6%, there’s an unexpected twist in the narrative: the giants of the road, our beloved pickup trucks, have seemingly veered off the
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.
Seven things to look for when choosing an appraisal company
Wondering how much your vehicle lost in Value? Click the button to know more.
Diminished Value of Georgia is powered by Appraisal Engine Inc™ | All Rights Reserved.
