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
In the vast and diverse landscape of the United States, the choice of a vehicle can vary significantly from one state to another. Factors such as climate, terrain, size, and local culture play a crucial role in determining the most popular cars on the road. In 2023, we have compiled
Diminished value is a critical consideration for Mustang owners, especially after an accident. It refers to the loss in your vehicle’s value, which occurs due to its accident history, after repairs. This decreased value affects the resale price, and when it’s time to part ways with your beloved Mustang, you
2021 Kia Seltos Diminished Value Case Study (PDF) In this comprehensive 2021 Kia Seltos Diminished Value case study, we delve into the implications of accidents on this remarkable SUV’s market worth. The 2021 Kia Seltos, sharing a platform with the Hyundai Kona, offers exceptional handling and an array of high-tech
Why a Dealer Appraisal Wont Help in a Diminished Value Insurance Claim (PDF) If you’ve been involved in a car accident and your car has been repaired, you may be wondering how to recover your vehicle’s lost value. The legal term for this is “Diminished Value” or DV. While different
The Digital Frontier: Exploring the Online F&I Sales Landscape In the fast-evolving landscape of the automotive industry, the digital shift has been particularly pronounced in recent years. Dealerships and automotive companies have adapted to the changing times, and online sales have become a significant part of their operations. One aspect
What is Diminished Value? Diminished value is the reduction in your vehicle’s resale value after it has been involved in an accident and repaired. This loss in value can affect what you might receive if you decide to sell or trade in the vehicle later on since consumers tend to
Tesla’s EV Dominance Dips: A Deeper Look at the U.S. Electric Vehicle Market Trends in 2023 Analyzing Tesla’s 2023 Electric Vehicle Market Share Decline (PDF) The electric vehicle (EV) revolution in the United States is undergoing a subtle transformation as the market experiences a shift in consumer preferences, and Tesla,
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