Appraiser Blog

Daily Car News Bulletin for July 27, 2016 Tesla Model 3 Revenu Expectation Tesla Motors CEO Elon Musk said that the new Model 3 could generate up to $20 billion in revenue per year and an annual gross profit of $5 billion. Another capital raise could be needed to fund

Daily Car News Bulletin for July 26, 2016   Hyundai Q2 Profit Drops 2.6% Hyundai Motor posted its 10th straight profit drop in Q2 as demand for its sedans in the U.S. is shrinking. From April to June net income slipped 2.6 percent to $1.46 billion from a year ago. Hyundai

Daily Car News Bulletin for July 22, 2016   GM Plans to Recall Additional 4.3 Million Vehicles for Takata Airbags General Motors said it may be forced by U.S. regulators to recall additional 4.3 million vehicles for potentially defective Takata airbag inflators and it would cost the U.S. automaker another

Daily Car News Bulletin for July 20, 2016   BMW’s 2017 Diesel Cars Delayed EPA’s has delayed the production certification of all 2017 BMW diesel vehicles and would not say now long this would take. “In light of recent events, agencies are taking longer to certify diesel models for the U.S.,

Daily Car News Bulletin for July 19, 2016   Takata Scandal Continues According to an ongoing audit, Takata routinely manipulated results of airbag inflator tests reported to Honda Motor. Takata engineers removed some test results to artificially reduce variability in airbag inflator performance, said a former Insurance Institute for Highway

Daily Car News Bulletin for July 18, 2016   National Fuel Economy and Emission Standards Mazda is leading the race toward the U.S. government’s more stringent fuel economy targets. But NHTSA made a request for Automakers to meet the 54.5 mpg corporate average fuel economy targets for the 2025 model

Daily Car News Bulletin for July 15, 2016   FCA Invests $1.05 Billion in Ohio Plant Fiat Chrysler will invest $1.05 billion in assembly plants in Ohio and Illinois to increase Jeep production output as part of a strategy to revamp its North American car manufacturing over the next year

Daily Car News Bulletin for July 14, 2016   Volkswagen Scandal Continues California’s chief regulator has rejected a Volkswagen proposal to fix 16,000 3.0-liter diesel Volkswagen, Audi and Porsche vehicles in the state equipped with devices designed to cheat emissions tests. Regulators said, “VW’s and Audi’s submissions are incomplete, substantially deficient,

Daily Car News Bulletin for July 13, 2016   Tesla Has No Plans to Disable Autopilot Tesla’s CEO Elon Musk said the company has no plans to disable its autopilot feature after a fatal accident in which the driver of a Model S car was using the technology. In fact,

Daily Car News Bulletin for July 12, 2016   Tesla Disclosures of Fatal Crash The Securities and Exchange Commission investigating Tesla Motors for a possible breach of securities law coming from the company’s decision not to inform investors of a May 7 fatal crash involving an automated driving system. The

Daily Car News Bulletin for July 8, 2016   Honda Stops Production of Compact CR-Z Honda Motor is stopping the production of the compact CR-Z hybrid, whose performance struggled compared to the competition. Output for the U.S. market has already ended as Honda engineering Accord Hybrid. The CR-Z first made the first appearance

Daily Car News Bulletin for July 7, 2016 U.S. Auto Sale Forcast by S&P S&P Global Ratings estimating auto sales for U.S. to 17.5 million vehicles from 17.8 million this year, saying the slowing of demand comes from individual buyers and the effect on the nation’s economy from U.K. voters’

Vehicle Values and Depreciation Rates – July 2016   Beginning of July Movements – Overall car values decreased 0.54% last week. That’s the highest overall weekly depreciation rate since the first week of 2016. – Compact  Midsize Car segments received the highest weekly depreciation rates at -0.83%. – Midsize Car segments