Global Auto Market Share Leaders in 2024 The 2024 automotive landscape saw fierce competition as brands raced to adapt to EV mandates, supply chain shifts, and changing consumer preferences. Here are the top 10 brands by global market share: Rank Brand Market Share Key Driver 1 Toyota 10.8% Hybrid dominance,
Introduction In the automotive appraisal and resale industry, Condition Reports (CR) play a crucial role in determining a vehicle’s market value. While CR is widely used in auction settings, its impact on Diminished Value (DV) calculations is often overlooked. Understanding how CR ratings correlate with market pricing is essential for
What Is USPAP and Why Does It Matter? The Uniform Standards of Professional Appraisal Practice (USPAP) is the federally recognized benchmark for property valuations in the U.S. Governed by the Appraisal Foundation, USPAP ensures appraisals are: Non-compliant appraisals—often using shortcuts like generic formulas or unverified data—risk claim denials, lawsuits, and
Wholesale Price Trends Market depreciation slowed, aligning with seasonal norms, but challenges linger for older models: Category This Week Last Week 2017–2019 Average Car Segments -0.25% -0.43% -0.29% Truck & SUV Segments -0.16% -0.29% -0.34% Whole Market -0.19% -0.33% -0.32% Car Trends Newer models stabilize, but older vehicles face steep
The Untold Story of Mabry v. State Farm — And Why It Still Haunts Insurers in 2025 Prologue – The Crash That Changed Everything Atlanta, 1998 John Mabry, a 34-year-old accountant and father of two, never imagined a fender-bender would thrust him into a legal war against a corporate titan.
Wholesale Price Trends This Week Last Week of January 2017–2019 Average in Same Week Car Segments -0.44% -0.36% -0.35% Truck & SUVs Segments -0.39% -0.32% -0.36% Whole Market -0.41% -0.34% -0.36% Inventory & Retail Trends New Vehicles: Used Vehicles: 3 Trending News of the Week Legislative & Insurance Updates Georgia-Specific
GM’s Decision to Cancel the Next-Gen Camaro General Motors officially halted development of the seventh-generation Chevrolet Camaro in early 2025, despite earlier rumors of a revival. The sixth-generation model, discontinued in 2024 after declining sales and shifting market priorities, leaves a void in the muscle car segment. GM Authority reported
Wholesale Price Trends This Week Last Week 2017–2019 Average in Same Week Car Segments -0.30% -0.39% -0.35% Truck & SUVs Segments -0.38% -0.32% -0.36% Whole Market -0.36% -0.34% -0.36% The U.S. wholesale market remains stable but faces pressure from tariffs and shifting demand. Here’s the latest breakdown: Inventory & Retail
Georgia’s EV Boom Meets Tesla’s Battery Revolution Georgia has emerged as a national leader in EV adoption, fueled by Hyundai’s $7.6 billion Metaplant near Savannah and Tesla’s dominance in the luxury EV market 16. However, Tesla’s shift to advanced lithium-iron phosphate (LFP) batteries in 2025—praised for longevity and fire resistance—has unintended
1. The Reality Check: Autonomous Vehicles Shift Gears The autonomous vehicle (AV) industry is pivoting from grand visions of driverless utopias to practical, incremental advancements. Companies like Ford and GM are scaling back robotaxi ambitions, focusing instead on enhancing advanced driver-assistance systems (ADAS) and securing regulatory approvals for limited autonomy.
Georgia Tort Reform & Diminished Value: How 2025 Changes Could Cost You Thousands If you’ve been in a car accident, you know repairs don’t magically restore your car’s value. That loss—called diminished value—is money you’re owed. But Georgia’s 2025 tort reform proposals could slash your payout, letting insurers off the
Auto Market Update – January 28, 2025 Crash or Cash? The 2025 auto market is full of twists—wholesale prices stabilize, minivans plummet, and Georgia’s EV inventory surges. But here’s what really matters: If you’ve had a recent accident, your car’s value is bleeding money—even if it’s repaired. In this week’s Auto Market Update, we dissecto the latest
2024 US Auto Sales Overview: Trends & Insights The US auto market in 2024 saw pickup trucks and SUVs reign supreme, while electric vehicles (EVs) continued their steady climb. Despite economic uncertainties, Americans bought over 15 million vehicles, with familiar brands like Ford, Toyota, and Chevrolet leading the charge. Here’s
Auto Market Update – January 18, 2025 Wholesale Price Trends This Week Last Week 2017–2019 Average in Same Week Car Segments -0.58% -0.75% -0.49% Truck & SUVs Segments -0.56% -0.83% -0.39% Whole Market -0.57% -0.81% -0.43% Car Segments Truck & SUV Segments Inventory and Retail Trends The Used Retail Active
Auto Market Update – January 17, 2025 As we step into 2025, the automotive market is experiencing notable developments across various segments. Here’s a comprehensive overview of the latest trends and industry news. Wholesale Price Trends In the final week of 2024, wholesale vehicle prices exhibited stability across both car
When you think of Foxconn, the first thing that likely comes to mind is their role as the world’s largest contract electronics manufacturer—the company behind the production of Apple’s iPhones. But Foxconn, officially known as Hon Hai Precision Industry Co., is expanding into the electric vehicle (EV) market. With plans
Auto Market Update – January 13, 2025 As we step into 2025, the automotive market is experiencing notable developments across various segments. Here’s a comprehensive overview of the latest trends and industry news. Wholesale Price Trends In the final week of 2024, wholesale vehicle prices exhibited stability across both car
Recalls are nothing new in the automotive space, but as cars become more complex, the number of recalls will increase accordingly. The top ten worst offenders recalled more than 25 million vehicles in total, according to data from the National Highway Traffic Safety Administration (NHTSA). Tesla recalled the most vehicles,
As the automotive landscape changes, 2025 will bid farewell to several beloved car models. Their retirement signifies not just the end of production, but also trends like the rise of electric vehicles and shifting consumer preferences towards SUVs. Each discontinued car has left its mark through performance, design, and affordability.
The new Toyota EV strategy is making waves in the global automotive market, but its focus is strikingly different depending on the region. While U.S. buyers see limited electric vehicle options and production delays, China benefits from Toyota’s bold moves with the affordable bZ3X—a feature-packed electric SUV starting at just
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.
