Hey there, auto enthusiasts and market watchers! We’ve got some juicy updates from the auto market for the week ending June 1, 2024. Buckle up, because there are some surprising trends and insights you won’t want to miss. Auto Market Update Week Ending June 01, 2024 (PDF) Weekly Depreciation Rates:
California is leading the charge (pun intended) with its ambitious plan to replace the gasoline tax with a mileage-based tax. As the state sees an increasing number of electric vehicles (EVs) and hybrids on the roads, traditional revenue streams are drying up. The new pilot program, set to begin in
2023 Mazda 3 Diminished Value Case Study: Comprehensive Analysis (PDF) Was Your 2023 Mazda 3 in an Accident? Using a detailed analysis, we can determine the diminished value of your 2023 Mazda 3. Here’s a breakdown of the essential figures: Diminished Value Calculator Before Accident Cash Value $25,925 After Accident
Few people pay for a new car entirely upfront, so financing or leasing is the go-to method for most. The agreed-upon length of time you have to pay off your lease or loan is called the term. Let’s dive into what these terms mean, how long they typically last, and
In recent years, the midsize sedan market has seen big changes. Once a popular choice for many drivers, midsize sedans are now losing ground. With several carmakers discontinuing their sedan models, the landscape is changing fast. Yet, amid this decline, the Toyota Camry remains strong, leading in sales. This article
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within the American automotive industry, which has grown increasingly worried about
In this week’s update, we’re diving deep into the nuances of the auto market as of May 11, 2024. The pulse of the market is steady—unfaltering yet revealing subtleties that predict future shifts. Here, we go beyond the typical metrics to uncover the less-discussed details that shape the automotive landscape.
In the first quarter of 2024, the finance and insurance (F&I) sector witnessed a noticeable dip in gross profit per vehicle across most major US auto dealership groups. This trend underscores the ongoing challenges within the automotive retail industry, particularly in an environment of persistently high interest rates. Let’s delve
China is making huge strides in the electric vehicle (EV) world, becoming a leader with its innovative and diverse range of electric car brands. While names like NIO and BYD might ring a bell, there’s a lot more happening in China’s EV scene. This article takes a closer look at
As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different
When handling Progressive Diminished Value Claims after an accident, there are numerous factors to consider. If you’ve ever been in a car accident and had your vehicle repaired, you might be aware that the post-repair value of your car isn’t the same as it was pre-accident. This reduction in value
One rainy evening, Sarah was driving home from work. The streets were flooded from a heavy downpour that hadn’t let up for hours. As she approached an intersection, the road ahead was covered in water. She remembered the common advice she’d heard so many times before: “Turn around, don’t drown.”
April 2024 has unfolded as an intriguing chapter in the narrative of the U.S. light-vehicle market. After 20 months of consecutive growth, this April observed a modest setback, with total new-vehicle sales slipping 3.9 percent to 1.32 million units compared to April of the previous year. This mixed bag—comprising growth
Last week painted a picture of subtle tranquility in the broader market, with a whisper-thin increase of just 0.01%. It’s like the gentle hum of a well-oiled engine running in the background. But beneath this calm surface, the currents of change are stirring, particularly in the realms of luxury vehicles,
In the heart of Detroit, a tale of two giants unfolds—one facing a rough patch, the other on a rising path. Ford Motor Co., a beacon of American automotive strength, recently faced a substantial setback. The company’s meticulous focus on enhancing vehicle quality led to delayed shipments and a noticeable
Under the stars of a clear California night, somewhere in the vastness of Tesla’s sprawling Fremont factory, the hum of machines blends with the hushed whispers of engineers. These are the sounds of innovation and adaptation—a company standing at the crossroads of financial challenge and technological promise. Just last week,
Imagine you just got a new 2024 Nissan Murano. It looks great and drives smoothly. Then, suddenly, someone hits your car. Accidents happen, but what matters just as much is what comes next—especially for your car’s value. Let’s dive into how the diminished value was calculated for your Murano 2024
Imagine a giant, draped in a heavy cloak, who strides confidently into the electric truck market, poised to conquer. Suddenly, a snag — a recall — catches the edge of the cloak, giving us a rare peek at the stature beneath. This is what happened with Tesla’s recent recall, inadvertently
Imagine driving your sleek, new 2023 BMW 3-Series, the engine humming smoothly as you navigate through the city streets. Then, suddenly, an unexpected accident alters not just the vehicle’s perfect exterior but also its market value. Such a scenario is more than just a setback; it’s a financial whirlwind. Today,
Once upon a time, in the not-so-distant past, the electric vehicle (E.V.) market was like a high-speed highway, with Tesla zooming ahead, leaving competitors in a cloud of eco-friendly dust. But recently, it seems like there’s been a collective foot easing off the pedal. What’s going on with the slowing
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