2024 Automotive Climate Pledges: Are Automakers Staying True?
Imagine a world where every car on the road is a beacon of environmental sustainability. As we usher in 2024, this vision nudges closer to reality. But it’s not without its challenges. The past five years have seen legacy automakers, those giants of the automotive industry, boldly pledge to combat
2022 Chevrolet Bolt EV Diminished Value Case Study
Have you ever been involved in a car accident with your 2022 Chevrolet Bolt EV? If so, you’re likely familiar with the immediate concerns of safety and repairs. However, there’s an often-overlooked aspect that can significantly impact your finances: the diminished value of your vehicle. Picture this scenario: a regular
Understanding Auto Dealership Profit Decline in 2023
In 2023, car dealerships across the country faced a tough reality. Despite working hard to sell cars and keep their businesses running, their pretax profits dropped almost 20% in just nine months. This was a big change from the past, especially after dealing with all the ups and downs in
Auto Market Update December 2023: Trends & Data
As 2023 came to a close, the auto industry witnessed fluctuations that could only be likened to a rollercoaster ride post-Thanksgiving. The wholesale market, in particular, experienced significant weekly declines, signaling a shift in the auto market landscape. Despite the presence of robust auctions and a bountiful inventory, sellers found
How Tesla Overcame 2023’s Challenges: A Closer Look
Tesla began 2023 much like a seasoned racer caught off-guard by an unexpected twist in the track. Elon Musk, the dynamic yet divisive figurehead, faced the challenge of steering the company through a year that would be marked by intense price wars and the excitement surrounding the Cybertruck release. Simultaneously,
2021 Ford Mustang Mach-E Diminished Value Case Study
For owners of the 2021 Ford Mustang Mach-E, understanding the concept of diminished value is crucial, especially after an accident. This article focuses on the 2021 Ford Mustang Mach-E Diminished Value, offering insights into how collisions can substantially lower the market value of this otherwise high-performing and luxurious electric vehicle
