Golfein Claims Management is a company that helps lessors recover the loss in value (Diminished Value) sustained by leased vehicles in operation. This, in theory, is a legitimate goal, however, the methods used by Goldfein are often misleading and bordering on unethical. This post is to expose the potential bad
After analyzing more than 650,000 vehicle transactions for cars from the 1981-2002 model years sold in 2017, w list was compiled of the top 10 cars vehicle owners are holding on to for more than 15 years. It is no surprise that 8 Toyota vehicles occupy the top 10 spots. Top
This week’s Market Insights report shows both car and truck segments decreasing more in value than usual. Although car segments saw an overall larger depreciation, two truck segments saw larger price declines as a percentage than any of the car segments. The report also spotlights the latest Retention Index, as
In the US drivers may be behind the wheel of more than 325,000 previously flooded vehicles. List of US States with the most flooded vehicles still on the roads. Texas 51,000 Louisiana 29,000 Pennsylvania 20,000 Florida 19,000 Kentucky 16,000 Illinois 16,000 South Carolina 13,000 Virginia 13,000 North Carolina 13,000 Michigan
Luxury Cars and SUVs Experience Higher Depreciation Rate Market Insights report offers insight into last week’s vehicle retention trends, where a handful of truck segments showed strong retention versus that of cars. What’s more, the report illustrates segment retention strength, with Compact Crossover SUVs showing significant price strength against the
2018 SUV Truck Vehicle List US Market Below is a list of Trucks and SUVs being offered in the US market for the 2018 model year. Vehicle with highest base price: 2018 Bentley Bentayga – $236,000 Vehicle with the most horsepower: 2018 Lamborghini Urus – 650HP Vehicle fastest 0 to 60: 2018
Automotive Market Report – Sept 2017 Compact SUVs increased their value noticeably, giving the truck segment an overall boost in retention value last week. The car segment depreciated by a standard amount with only one vehicle category, Mid-Size Cars, increasing in value by 0.13%. Active buying continued last week as
State by State Driver’s License Requirements for the Polaris Slingshot. Is the Polaris Slingshot considered an autocycle in your state? Do you need a motorcycle license to enjoy a side-by-side driving experience? List of states and classification of the Polaris Slingshot. State Classification of Slingshot License Needed Alabama Autocycle Drivers
Standardizes sale lights for Auctions in the US – Adesa. Car Auction Sale Lights ADESA is standardizing the sale lights and their definition at your auction –as well as all 61 U.S. locations– June 5, 2017. ADESA is transitioning to a green, yellow, red and blue lighting system, which
Fiat will reduce their prices for 2017, with base prices for some models down more than 20 percent from 2016. Fiat 500 2016 trim base Price 2017 trim base price Pop $16,995 Pop $14,995 Easy $17,745 Lounge $18,395 Sport $17,900 Abarth $19,995 Turbo $19,700 Lounge $20,395 Abarth $22,575
For many people that worked as fixed operations workers at franchised new-vehicle dealerships, 2015 consisted of less pay and shorter hours. The National Automobile Dealers Association created a 2016 dealership workforce study, that offers insight into service department employees’ compensation, job tenure, as well as work schedules. The following data
From 2011, Nissan has risen from 19th to 5th place in the Customer Service Index of big-name brands — what makes such a large increase possible? Dealerships can’t always resolve the issues brought to their service departments. However, at Nissan and Infiniti, factory specialists step in and take the wheel.
German brands observe lower car sales volume As Mercedes and BMW release new midsize cars, they both share a similar problem. During the auto show here last week, Mercedes showed its E-class coupe, while BMW displayed its 5-series sedan. According to executives, both companies want to display more crossovers
Used Pickup Trucks to Avoid Chevrolet GMC Silverado Colorado Avalanche Sierra Canyon Year 2000 Problem Car Problem Car 2001 Problem Car Problem Car 2002 Problem Car Engine Problem Car 2003 Problem Car Engine Problem Car 2004 Problem Car Engine Engine Problem Car Engine 2005 Problem Car Engine Engine Problem
Auto Market Performance Q1 2017 Best Market Performance in Nine Months Volume-weighted, overall car values decreased by 0.35% last week. This is better than the average depreciation rate of 0.43% seen in the previous four weeks. In car segments, Premium Sporty Car, Prestige Luxury Car, Sporty Car, and Near Luxury
Daily Car News Bulletin for October 24, 2016 Honda Clarity Fuel Cell Gets 366 Mile Range The Honda Clarity Fuel Cell sedan received the best EPA-rated driving range of 366 miles. The driving range gives the sedan the best range of any electric vehicle without a combustion engine in the
Daily Car News Bulletin for October 20, 2016 Nissan takes control of Mitsubishi Mitsubishi Motors joined the Renault-Nissan alliance and appointed Carlos Ghosn as chairman, forecasting nearly half a billion dollars in savings as soon as next year. Combined savings of $473.2 million in the next fiscal year comes
Daily Car News Bulletin for October 19, 2016 Jeep Recalls 182,743 Wranglers in U.S. Fiat Chrysler Automobiles is recalling 182,743 Jeep Wranglers in the U.S. to fix potentially faulty wiring that during a crash may disconnect from the SUVs’ impact sensors. If that happens, both frontal airbags and the
Daily Car News Bulletin for October 18, 2016 Audi Delays Projects to Cut Costs Audi will delay technology projects to cut costs as it struggles after Volkswagen Group’s emissions scandal. Audi and Volkswagen will scale back its conventional car program to fund a strategic shift to green vehicles and digital
Daily Car News Bulletin for October 17, 2016 New Honda CR-V Honda has a few things to show off with the New 2017 CR-V, the fifth generation of the crossover. A 1.5-liter turbocharged engine (in all models except the base LX) makes 190 hp and 179 pounds-feet of torque.
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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