Appraiser Blog

Used cars sell for more at 49,000 miles than 50,001 miles

        When selling a used car, it’s all about the mileage! However, what you may not know is that a few thousand miles can make a big difference in the sales price. With 10,000 miles or less, the average sales price is somewhere in the range of $17,000 – $18,000.

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Truck Segments Decline more than Car Segments

Truck Segments Decline more than Car Segments: Volume-weighted, overall car values decreased by .52% last week, which is lower than the .69 depreciation rate seen over the previous eight weeks. Entry Level Cars, Prestige Luxury Cars and Entry Mid-Size Cars showed the highest decline by .76%, .73% and .71%, respectively.

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How China became the largest producer of cars in the world

These days, China is the largest producer of cars in the world, well above the United States, Japan and even Germany. But this hasn’t always been the case. Back in the 1970’s, the US lead the pack, producing approximately 8 million cars each year, followed by Japan at 6 million

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2014 Buick Enclave Case Study

Diminished Value for 2014 Buick Enclave   CODE SERIES MODEL INVOICE RETAIL: 4R14526 Convenience 4D Utility FWD ………………………………………………………36803.00 38740.00 4V14526 4D Utility AWD ………………………………………………………………………….38703.00 40740.00 4R14526 Leather 4D Utility FWD ………………………………………………………………40617.00 42755.00 4V14526 4D Utility AWD…………………………………………………………………………..42517.00 44755.00 4R14526 Premium 4D Utility FWD ……………………………………………………………43999.00 46315.00 4V14526 4D Utility AWD…………………………………………………………………………..45899.00 48315.00 OTHER

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2010 Audi S4

Diminished Value for 2010 Audi S4 Premium Plus 4D Sedan Qtro 3.0 MSRP: $47,300 VIN: WAUDGAFL3AA170000 Adj. State: Georgia Fin Adv: $32,850 UVC: 2010080107 Mileage: 26101 Equip Ret: $49,073 MPG: 18/28 Mileage Cat: E Tire Size: 245/40R18 Weight: 3847 Cylinders: 6 Base HP: 333 @ 7000 Fuel Type: Gas Transmission:

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2013 Toyota Prius Base 4D Hatchback

2013 Toyota Prius Base 4D Hatchback: MSRP: $24,200 VIN: JTDKN3DU7D5698009 Adj. State: National Fin Adv: $18,475 UVC: 2013900288 Mileage: 0 Equip Ret: $25,750 MPG: 51/48 Mileage Cat: B Tire Size: 215/45R17 Weight: 3204 Cylinders: 4 Base HP: 98 @ 5200 Fuel Type: Hybrid Transmission: A Taxable HP: 16.1 Wheelbase: 106.3

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2011 Toyota Prius 4D Hatchback

Diminished Value Calculator  : 2011 Toyota Prius 4D Hatchback   MSRP: $23,050 VIN: JTDKN3DU3B0283232 Adj. State: National Fin Adv: $15,250 UVC: 2011900288 Mileage: 0 Equip Ret: $25,541 MPG: 51/48 Mileage Cat: B Tire Size: 195/65R15 Weight: 3274 Cylinders: 4 Base HP: 98 @ 5200 Fuel Type: Hybrid Transmission: A Taxable HP:

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2011 Mercedes-Benz GL Class

Diminished Value Calculator  :2011 Mercedes-Benz GL Class GL450 4D Utility MSRP: $61,950 VIN: 4JGBF7BE8BA635002 Adj. State: National Fin Adv: $33,025 UVC: 2011560156 Mileage: 0 Equip Ret: $67,784 MPG: 13/17 Mileage Cat: E Tire Size: 275/55R19 Weight: 6944 Cylinders: 8 Base HP: 335 @ 6000 Fuel Type: Gas Transmission: A Taxable

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2010 Jaguar XF Premium 4D Sedan

2010 Jaguar XF Premium 4D Sedan   VIN:   SAJWA0GB0A UVC:   2010460048 VIN + UVC:   SAJWA0GBA048 MSRP:   $56,150 Finance Advance:   $29,975 Model Number:   9510 Price Includes:   AT AC LTH SR Adj. State:   Georgia Mileage:   62,414 Mileage Cat:   E Residual Months Value 12 $24,550 24 $21,025 30 $19,400 36 $17,775 42 $16,225

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List of Cars Most Likely to Get a Ticket

It’s long been said that red and silver cars are more likely to get stopped & ticketed by the police. Despite the fact that is simply just a rumor, it turns out the vehicle you drive can play a large part. Below is a list of cars most likely to

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Georgia Car Dealer Forms

35 Used Car Dealer Application Package (Rev 02-15) 35 Application for Change of Designee 35 Application for Temporary Site Permit (Rev 9-05) 35 Bond Form 35 Change of Location or Name 35 Complaint 35 Fee Schedule 35 Qualified Alien Status Form 35 Used Car Continuing Education Audit Form 99 Reference

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Cars And Trucks Experience Largest Price Decline

Auction Values – Market Insight.  This week we examine the continued effects the price of gas is having on smaller cars and entry-level cars, which are showing some of the largest declines of the year. Interestingly, even though diesel prices also remain low, they are not having a similar impact

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2012 HONDA CR-V EX-L DIMINISHED VALUE CLAIM

Vehicle Info For  2012 Honda CR-V EX-L 4D SUV FWD    2012 HONDA CR-V EX-L   MSRP: $27,245 VIN: 5J6RM3H72CL005700 Adj. State: National Fin Adv: $20,625 UVC: 2012360146 Mileage: 0 Equip Ret: $28,325 MPG: 23/31 Mileage Cat: B Tire Size: 225/65R17 Weight: 3408 Cylinders: 4 Base HP: 185 @ 7000

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NORTH CAROLINA GENERAL STATUTE 20-279.21(D1)

Diminished Value Law in North Carolina  NORTH CAROLINA GENERAL STATUTE 20-279.21(D1) [maxbutton id=”3″] § 20-279.21.  “Motor vehicle liability policy” defined. (a)        A “motor vehicle liability policy” as said term is used in this Article shall mean an owner’s or an operator’s policy of liability insurance, certified as provided in G.S.

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GuideOne Insurance Diminished Value Formula

GuideOne calculates your diminished value based on the formula listed below.  Your completed settlement recap is enclosed.   Diminished Value Formula   Given the problems with using estimates, or agreed costs to repair, as well as the inadequate reporting of mileage, our formula will use modifiers for each of these

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Diminished Value Missouri

Missouri-Diminished-Value The Missouri Department of Insurance has published a bulletin describing consumer’s rights and process when filing a claim. Below is the section describing diminished value: What is diminished value? “Diminished value is the difference in fair market value of the auto immediately before the accident and the auto immediately

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Smaller Cars Hit Hardest in Depreciation over the Last 3 Months

Market Insights – August 2015 It is clear where consumer demand is currently, with smaller car segments feeling the heaviest depreciation, while pickups, SUVs and crossovers are at the opposite end of the spectrum. Market Insights – August 2015 📄 Smaller Cars Hit Hardest in Depreciation over the Last 3 Months

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Trucks Remain Ahead While Most Car Values Declined

Car-Market-Insight-Report-July-2015📄 The Black Book editors saw data that showed a brief change in car retention in early July before car patterns quickly returned to a more “summer normal” rate of depreciation this past week. Additionally, the editors are tracking larger-than-normal depreciation among full-size vans driven largely by increasing supply, which

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