Auto Market Update Week Ending Jan 07, 2023 (PDF) After completing 2022, we can begin evaluating the year’s performance: Overall, the market declined 22.9%, with cars falling 22.7% and trucks falling 23%. There was only one segment that continued to appreciate last year, the Full-Size Van, which increased by
GM Regains Top Spot in U.S. Auto Sales (PDF) The United States auto sales market in 2022 was dominated by General Motors, which outperformed rival Toyota Motor as it was able to meet strong demand for cars and trucks while facing supply shortages. After General Motors reported a 2.5%
2019 Ford F-150 Loss in Value Case Study (PDF) The 2019 Ford F-150 is a trendy choice for Americans. With a number of trim levels, powertrains, and features to choose from, it’s configured to meet every need and taste. Its aluminum-body construction helps make the truck lighter and easier to
Tesla Stock Ended 2022 With Its Biggest Annual Decline Ever (PDF) Tesla closed the worst year in the company’s history, losing more than $700 billion in market valuation amid investor concerns about production disruptions, demand concerns, and Elon Musk’s focus on Twitter. Almost 65% of Tesla’s shares have fallen since
Vinfast VF 8 Disappoints With Low Driving Range (PDF) Vinfast, a Vietnamese automaker, delivered its first 999 fully electric vehicles to the U.S. in late December, but the EPA range is much shorter than that advertised. In contrast to the 260 miles advertised on the Vinfast website, the newly
Auto Market Update Week Ending December 31st, 2022 (PDF) In a positive development, the overall conversion rate at the auctions improved slightly over last year. With depreciation exceeding the typical yearly rate, values are still well above pre-COVID levels. For comparison, the previous week, cars decreased by -0.49% on
2021 Nissan Rogue Loss in Value Case Study (PDF) The Rogue is Nissan’s best-selling vehicle and offers more attractive styling, new interior tech, and improved performance. In the past, the Rogue has done well against segment leaders such as the Honda CR-V, Mazda CX-5, and Volkswagen Tiguan but wasn’t
Top 10 Automakers That Most Issued Recalls in 2022 (PDF) Do you know which car manufacturers suffered the most recalls in 2022? A list from the U.S. Department of Transportation tells us exactly what happened. A total of 67 recalls were issued by Ford in 2022, making them number
New Gas Cars To Be Banned From U.S West Coast By 2035 (PDF) By 2035, the West Coast of the U.S. will end the sale of new gasoline cars. Washington and Oregon recently enacted rules requiring new vehicles to be mostly emission-free by 2035, allowing plug-in hybrids that also
Auto Market Update Week Ending Dec 23rd, 2022 (PDF) Although the market continues to decline, recent declines have been more in line with normal seasonal depreciation. In spite of this, auction sales continue to be less than ideal, with sellers holding firm and buyers being extra cautious as the
Winter Car Care: How to Prep Your Car For The Cold (PDF) As winter approaches, your car will also need concessions, just like your pets will when Jack Frost visits. In addition to our tips for winterizing your vehicle, we provided some additional advice. Two categories of winterization tasks
2019 Toyota Camry SE Loss In Value Case Study (PDF) The 2019 Toyota Camry is a compelling family-sedan option with lots to offer in the right circumstances. Offering one of the most fuel-efficient engines and an eco-friendly hybrid version, this car appeals to people looking for a car that is
Auto Market Specialty Insights December 2022 (PDF) This month, the only segment to see an increase is snowmobiles. As we head into winter, all other segments are decreasing in value—most by 3.0% or more. The ATVs have taken the largest drop with a decline of 4.4%. Cruisers and Street
GM’s Self-Driving Car Under Safety Investigation Due to Unexpected Braking (PDF) GM’s self-driving vehicle unit Cruise has been the subject of a formal investigation by U.S. automotive safety officials. A filing with the National Highway Traffic Safety Administration reveals the agency has received complaints about self-driving vehicles, retrofitted Chevrolet
Are Evs More Reliable Than Gasoline And Hybrid Cars? (PDF) When we think about EVs, we tend to doubt their reliability more than gasoline cars, due to their recent time in the auto market. Therefore, among all the different models, the Nissan Leaf and Tesla Model 3 are the
Auto Market Update Week Ending December 17th, 2022 (PDF) Prices continue to decline while sales rates remain low. However, we saw a smaller price decline than last week. Volume-weighted, the overall Car segment decreased by -0.83%, while last week, cars decreased by -0.86%. Two of the nine-car segments reported
2021 Honda Civic EX Loss In Value Case Study (PDF) The Honda Civic has always been the favorite choice of those who like cars with spacious interiors and unique designs. The 2021 Civic EX edition has the best of both worlds to increase driving enjoyment. This model of the Honda
Production Of New Honda Fuel Cell EVs To Start In 2024 (PDF) Honda announced that starting in 2024, it will produce an all-new hydrogen fuel cell electric vehicle (FCEV). Based on the recently launched Honda CR-V, the new zero-emissions vehicle will contribute to Honda’s goal to make battery electric
How To Buy a Car The Right Way In 2022 (PDF) Car shoppers don’t enjoy the process of searching for a vehicle at all. They typically feel like they’re getting ripped off by higher prices and smaller inventory, but it doesn’t have to be this way! Before the pandemic
Auto Market Update Week Ending December 10th, 2022 (PDF) Sales rates are lower than they should be, and this is worrisome to shoppers who are afraid they’re buying products that will take too long to sell. With values going down every week, many buyers hesitate to buy anything new.
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.
