How the Baltimore Bridge Accident Affects the Auto Industry
Explore the impact of the Baltimore Bridge accident on the auto industry, supply chain disruptions, and the path forward.
April 1, 2024
Appraiser Blog
Auto Market Update Week Ending March 23, 2024
As we unpack the intricacies of the auto market for the week ending March 23, 2024, we find ourselves at the intersection of past trends and future possibilities. This period has unveiled a tapestry of market dynamics, woven with subtle yet significant shifts that hint at the evolving landscape of
March 29, 2024
Car Sales Jump Up This March, Outpacing Last Year
When spring rolls around, we often think about growth and new beginnings. This year, it’s not just the flowers in bloom or the trees turning green—car sales are showing their own kind of springtime growth. It’s a refreshing change from last year, with the latest figures indicating a strong uptick
March 28, 2024
2024 Buick Encore GX Diminished Value Case Study
Life’s going smoothly, you’re driving around in your shiny 2024 Buick Encore GX, feeling good. But then, bam, an accident shakes things up. Before you know it, your car’s not just physically bruised; its wallet takes a hit too. Suddenly, your car’s worth less than before, and you’re left wondering,
March 26, 2024
Auto Industry Adjusts to EPA’s Relaxed Emission Regulations
The recent update in vehicle emissions rules by the U.S. Environmental Protection Agency (EPA) is a prime example of a regulatory body aligning itself more closely with industry capabilities and consumer behavior. The initial standards set by the EPA were challenging, to say the least, and the auto industry expressed
March 25, 2024
What Are the Greenest Cars of 2024
Imagine driving down a road bordered with trees, their leaves whispering secrets of a cleaner, greener world. In 2024, this dream edges closer to reality with cars designed not just to take us places but to lead us towards a more sustainable future. Among them, a surprising champion emerges—the Toyota
March 25, 2024
Auto Market Update Week Ending March 16, 2024
Spring is finally here, and just like the weather, things in the car world are starting to heat up, too. Let’s imagine we’re at a car auction. People are buzzing around, cars are being sold, and there’s a sense of excitement in the air. This is a lot like what’s
March 22, 2024
January Shows EVs Gaining Ground Slowly with a 15% Rise
In the dawn of the new year, amidst the quiet streets and the subtle hum of electric vehicles (EVs) cruising by, something interesting was happening in the U.S. The numbers were in, and they told a story of growth, albeit at a more subdued pace than before. January marked a
March 21, 2024
Trump’s New Tariff Plan: 100% on Mexico-Made Chinese Cars
Once in a modern era, in the bustling world of international politics and global trade, a dramatic announcement echoed from the United States, setting the stage for a tale of tariffs, trade, and tension. This wasn’t just any policy pronouncement; it was a bold move by former President Donald Trump,
March 20, 2024
2022 Toyota Prius Diminished Value Case Study
Imagine you own a 2022 Toyota Prius, valued at $23,500. Then, an accident happens. Post-repair, your car’s worth drops to $18,800. That’s a direct loss of $4,700 in value. This situation isn’t rare but often overlooked. Let’s delve into the concept of diminished value, focusing on the Toyota Prius, to
March 19, 2024
March 2024 Powersports and Classic Car Market Highlights
As winter’s chilly curtain draws to a close and the vibrant palette of spring begins to unfold, the realms of powersports and classic cars are igniting with a flurry of activity, prepping for a season brimming with promise and potential. March, with its blend of farewell to frost and a
March 18, 2024
Auto Market Update Week Ending March 09, 2024
As the first rays of the March sun thaw the remnants of winter’s chill, the automotive market, much like the resilient early spring blooms, is showing signs of vigorous life and renewal. Amidst this season of rejuvenation, the narrative of the week ending March 09, 2024, unfolds, revealing a tale
March 15, 2024
How Much Does Car Insurance Really Cost in 2024?
Car insurance is one of those things we all need but hope never to use. It’s like a safety net for your car, protecting you from financial headaches if something goes wrong. As we move into 2024, let’s take a straightforward look at what you can expect to pay for
March 14, 2024
Why F&I Gross Profit Per Vehicle Dropped in Q4 for Dealers
As the last leaves fell in the autumn of 2023, so did the F&I gross profit per vehicle for the majority of public dealership groups. It was a quarter that many in the automotive industry watched closely, as whispers of change turned into tangible outcomes. But what caused this shift
March 13, 2024
2023 Toyota Venza Diminished Value Case Study
Your 2023 Toyota Venza was involved in a collision, leading to not only physical damage but also an unexpected financial repercussion: diminished value. This case study explores the impact of an accident on your vehicle’s market value, even after repairs, spotlighting the often-overlooked concept of diminished value. 2023 Toyota Venza
March 12, 2024
Top 4 Essential Factors to Consider Before Buying an EV
So, you’re thinking about getting an electric vehicle (EV)? It’s a big step, sure, but also an exciting one. EVs are on the rise, offering a cleaner, more sustainable way to get around. Before you jump in, there are a few key things you should consider to make sure you’re
March 11, 2024
Auto Market Update Week Ending March 02, 2024
In the serene twilight of an early March evening, the auto market, much like the fleeting cherry blossoms of spring, showed subtle yet significant signs of change. Amidst this picturesque backdrop, let’s delve into a narrative not just about numbers and trends, but about a journey through the labyrinth of
March 8, 2024
US Energy Secretary Worried About China’s EV Market Dominance
As China’s influence in the global electric vehicle (EV) market continues to surge, US Energy Secretary Jennifer Granholm has raised significant concerns over the potential ramifications for American manufacturers. Granholm’s apprehensions stem from China’s adeptness at flooding the market with competitively priced EVs, a move that could potentially undercut the
March 7, 2024
How Rising Auto Loan Rates Are Affecting Car Buyers in 2024
Why Are Auto Loan Rates Going Up? Once upon a time, not too long ago, snagging a car loan with low interest was almost as easy as finding a coffee shop in a bustling city. But, like a plot twist in a classic tale, the landscape of auto financing began
March 6, 2024
2022 Volkswagen Jetta Diminished Value Case Study
Let’s dive straight into the heart of the matter: the diminished value of a 2022 Volkswagen Jetta after an accident. It’s a topic that many don’t think about until it directly affects them, but it’s crucial for any car owner to understand. After an accident, even with the best repairs,
March 5, 2024
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