May Auto Industry Sales Report – 2016 Automaker May 2016 May 2015 % change 5 months 2016 5 months 2015 % change BMW 29,017 31,003 –6.4% 124,581 136,447 –8.7% Mini 4,565 5,833 –21.2% 20,230 24,086 –16.0% Rolls-Royce* 97 98 –1.0% 501 490 2.2% BMW of N.A. 33,709 36,934 –8.7% 145,312
Top 25 Dealership Groups Based in the U.S – 2016 2015 rank Dealership group name Total new retail units Total used units Total units Total number of dealerships Group revenue all departments* 2014 rank 1 AutoNation Inc.† 339,080 227,290 644,164 254 20,862,000,000 1 2 Penske Automotive Group Inc.†‡ 233,524
Visual Examination– The body should appear even, with no irregular spacing between the body joints. All doors and the trunk lid, should open and close with ease. Check for rust. Check the tires and also look for signs of brake fluid leaking on the inside of the tires. You may
Accessing the cloud through a wireless internet connection in a car, has automakers thinking out of the box. Potential features go far beyond present uses of in-car Internet access. With the expanded data storage available, a car could become a highly customized personal assistant connected to the owner’s home, smartphone
The term “curbstoning” comes from the practice of parking automotive “inventory” along the curb, although many curbstoners also use vacant lots and unmonitored parking lots as temporary places of business. Curbstoners are car “flippers” – people who regularly buy cheap cars, fix them up to look decent, and sell them
2017 Honda Ridgeline 2017 Honda Ridgeline Honda is returning to the midsize pickup market with a slim looking 2nd-generation Ridgeline. Honda plans to reach annual volumes of around 50,000 cars, estimating that 20 percent of Honda owners also have a truck in their garage. But if Honda does not meet
U.S. Certified Auto Sales – Q1 2016 Feb. Feb. 2 mos. 2 mos. 2016 2015 2016 2015 BMW 8,649 9,203 16,861 17,949 Mini 1,046 785 1,901 1,636 BMW GROUP 9,695 9,988 18,762 19,585 Chrysler 3,191
When appraising vehicles there are a few key characteristics we look for when seeking a larger diminished value claim. For the best results, appraised cars should have at least 4 out of the 6 following criteria met: 1. Mileage under 75,000 miles 2. The vehicle is less than 6 years
U.S. Auto Sales Per Franchise – 2016 U.S. car and light-truck sales per franchise March Feb. Make Car Truck total total Toyota/Scion 77 77 154 133 Nissan 80 60 140 112 Lexus 58 70 128 97 Honda
U.S. Car and Light-truck Inventories – 2016 Days Days supply supply Inventory 1-Apr 1-Mar Units 2016 2016 BMW car (I) 35,500 55 80 BMW trk. (D/I) 12,500 27 34 Total BMW (D/I) 48,000 43 59 Total Mini (I) 11,500
Retail vs. Fleet Sales April 2016 Retail vs. Fleet Sales April 2016 RETAIL April 2016 retail sales April 2016 % retail April 2015 retail sales April 2015 % retail April change General Motors 200,700 77% 194,300 72% 3.3% Toyota Motor 188,900 89% 182,100 90% 3.7% Ford–Lincoln 157,300 68% 152,400
U.S. Auto Sales Competition First Place Contenders U.S. Sales Jan.-April 2016 Change from Jan.-April 2015 Ford 836,645 +6.7% Toyota 656,219 -0.5% Chevrolet 656,172 -1.2% Toyota and Chevy are fighting for second place where Ford dominates the first place. Luxury Brand Competitors U.S. Sales Jan.-April 2016 Change from Jan.-April 2015 Mercedes-Benz
Vehicle Sales April 2016 April 2016 Vehicle Sale Percentage Winners 1. Alfa Romeo 57.9% 2. Scion 54.1% 3. Volvo 33.1% 4. Lincoln 20.2% 5. Mitsubishi 17.7% Losers 1. Bentley -54.5% 2. Cadillac -28.9% 3. Fiat -18.9% 4. Chrysler -17.5% 5. Mini -12.4% Top 10 Vehicles Sales By Model April
Full-Size Pickup Price Growth Growth in average transaction prices for full-size pickups far outpaces the industry overall. Average transaction price with annual increase listed below. Full-size pickups 2011 $33,511 2.90% 2012 $34,839 4.00% 2013 $36,199 3.90% 2014 $38,622 6.70% 2015 $40,537 5.00% All light vehicles 2011
Vehicle Mileage: A – Actual N – Not Actual X – Exceeds Mechanical Limits E – Exempt Loss Type: B – BURN C – COLLISION D – DONATION E – FLEET H – HAIL I – WIND K – CATASTROPHE L – RENTAL M – OTHER COMPREHENSIVE N – FRANCHISE
Diesel Price Changes – April 2016 Price Change, Better than Last Year. This past month, we saw diesel fuel prices change direction. The average price per gallon has moved back above the $2.00 mark. The national average now stands at $2.12 per gallon, that is still $.70 better that last
Four-Year-Old Vehicles Values – Car vs. Crossover Given the decrease in value with compact car, the spread between the compact can and compact crossover segments have increased by over 30% from $3,387 to $4,460 in the last 12 months, the difference of $1,073.
Sub-Compact and Compact Car Values – May 2016 Overall car values decreased by 0.37% May 8 – May 15. This is worse than the average depreciation rate of 0.23% seen in the previous 8 weeks. Sub-Compact Car and Compact Car experienced a large drop in the value of 0.73% and 0.72%. Overall truck
25 Cars Worth Waiting For In The Future, 2016-2020 2017 Chevrolet Camaro ZL1 The ZL1 will arrive later this year at a price north of $60,000. 2017 Bugatti Chiron 2.4 million euros. 2018 Jeep Wrangler Late next year, with stickers starting around $25,000. 2017 Porsche 911 R At least
Medium Duty Trucks Market Change and Trend – 2016 Medium-Duty Market In the Medium Duty market, the rate of decline continues to slow. The 2005-2012 model years came down on average, $114 or 0.6%. In February, that average decline for this group was $178 or 1.0%. The 2013 & 2014
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
