The wholesale auto market saw some interesting twists in the week ending September 7th, 2024. The current trend is a departure from the usual seasonal patterns. While the used car market is cooling down, trucks and SUVs are displaying strong growth. It’s a delicate balance – cars are declining, but
When your car is involved in an accident, even after repairs, its market value often drops. This is what we refer to as diminished value—the difference in your vehicle’s worth before and after the collision. If you’re insured by USAA, navigating their diminished value claims process can be challenging. Here,
Curious about the cheapest car of 2024? It seems that even the most basic vehicles cost a small fortune these days, making it tough for budget-conscious buyers. Enter the Changzhou ChangLi S1-Pro—the world’s cheapest car of 2024. At just a fraction of the cost of traditional cars, could this micro-electric
The 2023 Subaru Legacy is a popular midsize sedan that combines safety, performance, and reliability in an elegant package. It commands a high resale value due to its impressive safety features and exceptional design. After your Subaru Legacy has been in an accident, even if the damage is minor, the
The auto market, for the week ending August 24, 2024, has shown some subtle yet crucial movements that could easily go unnoticed if you’re not keeping an eye on the fine print. While the overall market is relatively stable, specific trends in truck and SUV segments are quietly shaping up
I still remember the day I handed over the keys to my old Toyota Camry, a car that had seen me through countless commutes, road trips, and even a few impromptu adventures. It was reliable to a fault, never once leaving me stranded on the side of the road. As
Accidents are a nightmare, no doubt about it. Whether it’s a minor fender bender or a more serious collision, the aftermath is often more than just a repair bill. If you own a 2022 Hyundai Ioniq 5 and it’s been in an accident, there’s another financial hit you need to
When it comes to American-made sports cars, few names capture the imagination quite like Panoz LLC. This small but mighty manufacturer from Georgia has carved out a niche in the world of high-performance vehicles, blending innovation, craftsmanship, and a touch of racing heritage into every car they build. But what
The push for electric vehicles (EVs) is no longer a niche initiative; it’s a national priority. The Biden administration has made it clear that the future of transportation lies in electrification, and to back that vision, the U.S. government is pumping $521 million into EV infrastructure. This investment is designed
The automotive world is buzzing with the shift towards electric vehicles (EVs), promising a new era of cleaner, more efficient transportation. However, for dealerships, this shift isn’t just about selling the latest models. It’s about tackling new, and often unforeseen, challenges. One of the most significant issues now emerging is
New car models in 2024 are loaded with the latest tech, from advanced safety systems to high-end infotainment setups. On paper, these innovations seem like a dream come true for modern drivers—promising ease, convenience, and even a touch of luxury. But, when it comes down to real-world use, many buyers
As Chinese electric vehicle (EV) makers face U.S. tariffs, Mexico emerges as a key player in their North American strategy. Could Mexico become the new entry point for Chinese cars into the U.S.? DOWNLOAD Chinese Cars in Mexico PDF The Rise of Chinese EVs in Mexico In recent years, Mexico
Fast forward three years from the COVID-19 pandemic, which drastically impacted new vehicle production, and we find ourselves in a market that’s anything but straightforward. With high interest rates, significant negative equity, and rising new vehicle incentives all playing a role, the wholesale auto market is showing signs of both
In 2024, the automotive world is witnessing a seismic shift, and Nissan dealerships are at the epicenter of this turbulence. If you’re wondering why nearly 40% of Nissan dealerships across the United States are finding themselves in the red, you’re not alone. The challenges they’re facing are not just about
When you’re shelling out big bucks for a new car, you want it to last. Let’s face it: no one enjoys the idea of forking over thousands of dollars for a vehicle that’s going to start showing signs of wear after just a few years. Fortunately, today’s cars are more
Accidents happen. Even when you meticulously care for your 2023 Tesla Model X, one unfortunate event can significantly impact its value. But how much of a hit does it take? Enter the concept of diminished value—an often misunderstood and under-discussed aspect of car ownership that can have a substantial financial
The used car market has been nothing short of a rollercoaster over the past few years. If you’ve been tracking it, you know just how wild things got during the pandemic. Prices for used vehicles soared to unprecedented heights, driven by a perfect storm of factors like supply chain disruptions,
The auto market is like a rollercoaster these days—just when you think you’ve got a handle on it, something unexpected happens. As we delve into the week ending August 10, 2024, you’ll find that while some trends are sticking to the script, others are throwing us for a loop. From
California has always been a trailblazer in setting trends, especially when it comes to embracing cutting-edge technology. This trendsetting nature is vividly reflected in the rise of electric vehicles (EVs), where Tesla, led by the ever-innovative Elon Musk, once stood as the uncontested leader. However, fresh data suggests that Tesla’s
The automotive industry is on the brink of a major transformation, with electric vehicles (EVs) gradually taking center stage. However, this shift is not without its challenges. One of the most pressing issues is the projected underutilization of North American auto factories by 2030. As automakers navigate the complexities of
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