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
When dealing with a State Farm diminished value claim after an accident, there’s a lot to consider. Repairs, rental cars, and navigating conversations with insurance adjusters can overwhelmingly dominate your time and energy. Yet, amidst this chaos, one crucial aspect often gets overlooked: the diminished value claim. This oversight is
Auto Market Update: A Closer Look at the Week Ending February 17, 2024 In the heart of February 2024, amidst the hustle and bustle of daily life, an undercurrent of change subtly moves through the auto market. It’s a realm where numbers tell tales of resilience, trends whisper of the
Abstract In response to the limitations of traditional vehicle valuation methods, Appraisal Engine Inc., under the guidance of Tony Rached, has developed the Scarcity Factor (SF), a sophisticated model designed to dynamically adjust vehicle prices based on market scarcity. This innovation, which is currently under a patent-pending application, is the
In the complex world of insurance claims, disputes over the value of a loss are not uncommon. When policyholders and insurers find themselves at an impasse, the appraisal clause is a critical component of the insurance policy designed to resolve such disagreements. This provision allows for an unbiased review by
2020 Mazda CX-9 Diminished Value Case Study (PDF) Let’s imagine you’re driving your 2020 Mazda CX-9, enjoying a beautiful evening. This car isn’t just any car; it’s your pride and joy. Suddenly, a small accident happens. At first, it seems like no big deal. But there’s something most people don’t
Once a niche corner of the automotive world, electric vehicles (EVs) have surged into the spotlight, transforming from a rare curiosity into a burgeoning market force. This transition has not been without its challenges, as used EV prices have proven to be as unpredictable as they are revolutionary. In the
Hello and welcome back to our weekly dive into the auto market, with a special look at the week ending February 10, 2024. It’s like stepping outside to find that winter might just be giving us a break a little earlier this year. The market’s showing signs of life in
Once upon a time, in the bustling city of Atlanta, a car owner named Alex faced a dilemma that many of us might find all too familiar. After purchasing his dream car, a sleek, modern sedan that gleamed under the Georgia sun, disaster struck. A careless driver ran a red
Understanding the collision repair process is crucial for anyone who finds themselves needing to restore a vehicle to its pre-accident condition. As appraisers, we bring a unique perspective to what constitutes a thorough and trustworthy collision repair process. Our experience allows us to identify the hallmarks of quality repairs, guiding
Picture this: a regular day turned chaotic as your Volvo XC60 meets an unexpected collision. Amid the scramble of insurance calls and repair shop visits, a crucial aspect often slips through the cracks – the diminished value of your vehicle. Even after meticulous repairs, your car might never recoup its
As the festive fervor of 2023 faded into the rearview mirror, the U.S. light-vehicle market found itself navigating through a January chill. Despite a backdrop of improving inventory, enticing discounts, and robust fleet deliveries, the anticipated surge in sales cooled off, much like the winter air. This period, usually quiet
The auto market’s performance in the week ending February 3rd, 2024, brings a sense of stability that has been missing over the past few years. After a period marked by significant volatility, the latest figures suggest a gradual return to more predictable patterns. This update looks into the specific trends
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
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