As the sun sets on another week in the world of automotive commerce, it leaves behind a trail of subtle yet significant changes. The recent trends in vehicle depreciation, a topic often overlooked in mainstream discussions, are painting a fascinating picture of the market’s evolution. This week, we delve deeper
A Fresh Start: Looking Back at 2023 Let’s start with a simple picture. Imagine sitting with a cup of coffee, reading about car sales in 2023. It was a big year for cars in Europe and the USA. In the EU, new car registrations went up by almost 14%. In
As the frost of winter begins to thaw and the promise of spring looms on the horizon, the automotive market is showing intriguing signs of life. In this week’s Auto Market Update, we delve into the shifting tides of the car and truck segments, where the stirrings of market stabilization
In the complex world of auto insurance, understanding the tactics insurance companies use to lowball your diminished value claim is crucial. At Diminished Value of Georgia, we’ve seen firsthand how these strategies can significantly affect your compensation This article explores these tactics and offers insights on how to counter them
A Story of Resilience and Recovery Once upon a time, in the bustling auto markets of the United States, a dramatic shift was unfolding. The year 2023 emerged as a beacon of hope after the tumultuous waves of COVID-19 and the crippling microchip shortage. As these challenges moved into the
Welcome to the complex and often misunderstood world of diminished value claims, especially when it involves a high-value vehicle like the 2023 Chevrolet Corvette. At Diminished Value of Georgia, we’re all about helping you understand and deal with the drop in your car’s value after an accident. 2023 Chevrolet Corvette
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
A Closer Look at Wholesale Prices During the Festive Season As we approach the end of December, the automotive auction scene has notably quieted, a common trend during the holiday season. Dealers are now poised for what’s colloquially known as the ’13th month’ – that crucial final week of the
The tail end of the year brings a season of cheer for the U.S. automotive sector, marked by a significant upturn in new vehicle sales. A recent analysis by industry experts J.D. Power and GlobalData paints a promising picture: a projected 13% increase in December sales compared to the same
The automotive market has been on a rollercoaster ride, but there are signs of stabilization as declines slowed last week, with all segments experiencing depreciation of less than 2% for the first time since the last week of October. Auto Market Update Week Ending Dec 16, 2023 (PDF) Overview of
In the ever-evolving landscape of the automotive industry, the resale value of a used car is a crucial factor that can significantly influence the purchasing decisions of consumers. As the used-car market continues to thrive, with prices soaring due to disruptions in new car supply chains caused by the pandemic,
Navigating the intricate world of automotive depreciation, where the value of vehicles often takes a considerable hit post-dealership departure, is an inescapable reality. Delving into the intricate details, our exploration relies on comprehensive data analyzed by iSeeCars, unraveling the enigma of which cars bear the brunt of depreciation most intensely.
Navigating the Crossroads: Economic Signals Point to a Potential Auto Pricing Precipice As the year draws to a close, the U.S. auto industry finds itself at a crossroads, with economic signals suggesting a potential downturn in the pricing landscape. Despite a consistent selling rate throughout 2023, concerns are emerging among
Auto Market Recap and Wholesale Price Trends – November 2023 In the wake of a resolved six-week auto workers’ strike, the auto market in November experienced a tumultuous ride, marked by significant wholesale price fluctuations. This recap delves into the intricate details of the market’s movements, highlighting the key segments
Automotive Affordability Crisis: A Global Perspective The landscape of the automotive market is undergoing a significant transformation, with rising vehicle prices in the US and Europe leaving budget-conscious consumers with limited options for affordable cars. This phenomenon is exacerbated by the increasing prominence of premium-priced electric vehicles (EVs) entering the
Electric vehicles (EVs) are undeniably making waves in the automotive industry, transforming the landscape of transportation and challenging the dominance of traditional gasoline cars. In this article, we delve into the intricacies of the EV market share in the U.S., exploring the data, dissecting the nuances, and shedding light on
2021 Lexus ES Diminished Value Case Study (PDF) Welcome to our exploration of the 2021 Lexus ES 350—a luxury sedan admired for its comfort and advanced features. In the event of an accident, we uncover a crucial aspect often overlooked: diminished value. Join us as we dive into the specifics
Auto Market Update Week Ending November 18, 2023 In the latest edition of our Auto Market Update for the week ending November 18, 2023, the automotive industry witnessed significant declines across various segments, setting new records for the largest single-week decreases. The pressing question now echoes throughout the industry: where
Have you ever wondered if your investment in a luxury car, specifically the 2020 Acura MDX, could be impacted by an unfortunate accident? In this case study, we delve into the aftermath of an accident involving the 2020 Acura MDX and explore the concept of diminished value. Whether you’re a
Leasing a Used Car: A Comprehensive Guide Leasing a used car can be an enticing option, offering the allure of a lower monthly payment compared to a brand-new model. This practice has become more prevalent, with dealerships increasingly providing lease options for Certified Pre-owned (CPO) vehicles. However, navigating this avenue
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