2022 Chevrolet Bolt EV Diminished Value Case Study
Have you ever been involved in a car accident with your 2022 Chevrolet Bolt EV? If so, you’re likely familiar with the immediate concerns of safety and repairs. However, there’s an often-overlooked aspect that can significantly impact your finances: the diminished value of your vehicle. Picture this scenario: a regular
Understanding Auto Dealership Profit Decline in 2023
In 2023, car dealerships across the country faced a tough reality. Despite working hard to sell cars and keep their businesses running, their pretax profits dropped almost 20% in just nine months. This was a big change from the past, especially after dealing with all the ups and downs in
Auto Market Update December 2023: Trends & Data
As 2023 came to a close, the auto industry witnessed fluctuations that could only be likened to a rollercoaster ride post-Thanksgiving. The wholesale market, in particular, experienced significant weekly declines, signaling a shift in the auto market landscape. Despite the presence of robust auctions and a bountiful inventory, sellers found
How Tesla Overcame 2023’s Challenges: A Closer Look
Tesla began 2023 much like a seasoned racer caught off-guard by an unexpected twist in the track. Elon Musk, the dynamic yet divisive figurehead, faced the challenge of steering the company through a year that would be marked by intense price wars and the excitement surrounding the Cybertruck release. Simultaneously,
2021 Ford Mustang Mach-E Diminished Value Case Study
For owners of the 2021 Ford Mustang Mach-E, understanding the concept of diminished value is crucial, especially after an accident. This article focuses on the 2021 Ford Mustang Mach-E Diminished Value, offering insights into how collisions can substantially lower the market value of this otherwise high-performing and luxurious electric vehicle
Auto Market Update Week Ending Dec 23, 2023
A Closer Look at Wholesale Prices During the Festive Season As we approach the end of December, the automotive auction scene has notably quieted, a common trend during the holiday season. Dealers are now poised for what’s colloquially known as the ’13th month’ – that crucial final week of the
