Appraiser Blog

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

Daily Car News Bulletin for July 5, 2016 Mitsubishi Joins Renault-Nissan Alliance  Nissan Motor and Renault SA are already expecting a 28 percent increase in joint cost savings to $6.11 billion by 2018, and already thinking of bringing Mitsubishi Motors into the alliance to further boost profits. Senio vice president

Daily Car News Bulletin for July 1, 2016   Tesla Model S Crash NHTSA investigates fatal crash of 2015 Tesla Model S in Autopilot mode. NHTSA spokesman said the agency’s preliminary evaluation would examine the design and performance of the Model S’ automated driving system and whether a defects exists. A police

Daily Car News Bulletin for June 30, 2016 Warning for Acura and Honda Owners U.S. officials warned owners of some 2001-2003 Acura and Honda vehicles that include Takata airbags to stop driving their cars when additional research showed that the vehicles have as much as a 50 percent chance of

Daily Car News Bulletin for June 28, 2016 Lincoln Trying to Stay Ahead Lincoln said today that it will provide free pickup and delivery of service vehicles to new owners starting with 2017 models. The company will pick up a customer’s car, leave a Lincoln of equal or greater value to use

Daily Car News Bulletin for June 27, 2016   GM and Ford Alliance The Chevrolet Camaro will share a transmission with the Ford Mustang, production starts in 2017. The partnership between General Motors and Ford was once unimaginable, but cost cutting, engineer shortages, and increasing regulations made it inevitable.The 2017

Daily Car News Bulletin for June 24, 2016   Brexit Reaction Sales and production are being hit in Europe’s second-biggest auto market after Germany after UK’s surprising vote to exit the European Union. Many conditions for supplying the European market will now have to be re-negotiated. Ford has three plants in the UK,

Daily Car News Bulletin for June 23, 2016   FCA Software Update Fiat Chrysler has sent the dealers new software update called “Auto Park” that intends to prevent the vehicles from moving when the driver’s side door is open and the shifter is not in park. FCA Dealerships will begin