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
Auto Market Update – December 14, 2024 As we near the end of 2024, the automotive market continues to show steady depreciation patterns across key segments. This week, wholesale vehicle depreciation was slightly higher than the previous week, indicating market stabilization after consistent declines in recent months. Auction sales and
Reliability matters when buying a new car. No one wants to spend their weekends at the mechanic or break the bank on unexpected repairs. For 2024, certain brands missed the mark, leaving customers frustrated and wallets lighter. We’ve compiled a list of the 12 least reliable car brands of 2024,
Auto Market Update – December 10, 2024 The first week of December saw a significant increase in market depreciation rates following the brief stabilization observed during Thanksgiving week. Vehicles across various age groups experienced declines, with 2-to-6-year-old vehicles showing a depreciation of 0.37%, compared to 0.31% the prior week. Cars
Buying a car out of state can be a great way to save money or access a broader selection of vehicles. However, not all states are created equal when it comes to taxes, fees, and ease of purchase. Here’s a comprehensive guide to the best and worst states to buy
Auto Market Update – Week of December 3, 2024 Introduction The first week of December brings steady market dynamics, with moderate depreciation trends, stable auction activity, and efficient inventory turnover. This week also highlights significant industry news, from legendary car collections being sold to Pope Francis’s first electric popemobile and
How Audi’s Bold Rebranding is Shaping the Future of Luxury EVs The Significance of Rebranding Audi’s recent rebranding signals a bold step into the future, embracing the electric vehicle (EV) era while redefining its identity to resonate with modern, tech-savvy consumers. By revamping its image and targeting younger drivers, Audi
Auto Market Update – November 26, 2024 As we near the end of November, the auto market reflects typical late-year patterns, with depreciation trends stabilizing and a focus on high-demand segments. This week’s highlights include an in-depth look at price trends across segments, the used retail market, and an analysis
Chinese electric vehicles (EVs) are finally making waves in the U.S. market, and they’re bringing more than just competitive prices. With automakers like BYD, SAIC, and Geely leading the charge, there’s growing interest—and concern—over how these brands will perform in a market dominated by Tesla, GM, and Ford. However, entering
As we move further into November, the automotive market continues to experience the seasonal fluctuations and trends that shape vehicle pricing and inventory dynamics. This week, we’re diving into the latest wholesale price movements, truck and SUV segment activity, and retail inventory patterns, alongside a look at Tesla’s groundbreaking innovations
Black Friday is one of the best times to shop for a car, with dealerships promising huge discounts and irresistible offers. But are all those deals as great as they seem? Unfortunately, some promotions are more about marketing gimmicks than real savings. This guide is specifically designed for car buyers
November 2024 Auto Market Update – Insights from November 12th, 2024 This November, wholesale prices in the automotive market have shown stability, with transaction rates beginning to balance. However, a sharper depreciation was noted in the car segment, particularly in budget-friendly categories like compact and full-size cars. Meanwhile, truck and
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.
