Why EVs Are So Expensive? (PDF) Electric cars are still too expensive, despite being “supposed to be cheaper”. The cost of EVs has gone up for some and down for others. We’ll discuss some factors that influence EV pricing below. The base price for the 2022 Chevy Bolt is
Ford Has Cut Its Plans For Developing Autonomous Cars (PDF) According to Ford’s recent earnings report, the company will be pulling out of its artificial intelligence venture called Argo AI. In order to turn around the company’s losses, Ford is focusing on advanced driver-assistance systems instead of AI. It
Winter Car Care: Tips For Salt on Your Car (PDF) With winter approaching, especially after snow storms, your car can end up getting plagued with salt, damaging your vehicle. With that in mind, we’ve put together some tips that can be useful to alleviate this problem. The first thing
GM Sold Over 80,000 More Cars Than Toyota This Year (PDF) General Motors is fighting back against its rival Toyota, with 80,000 more cars sold than Toyota in 2022. They’re on their way to reclaiming the top spot as the best-selling automaker in the U.S. GM sold 555,580 cars
BMW Plans To Invest $1.7 bn In EVs In The US (PDF) BMW will invest $1.7 billion in the production of electric vehicles in the United States. The company outlined a $1 billion plan, which includes building a new manufacturing plant for the BMW Spartanburg US facility and $700
The 10 Least Reliable Cars Of 2022 (PDF) Reliability should be near the top of your list when looking for a vehicle. Without dependability, other factors don’t matter nearly as much. If you end up with an unreliable car, then it could cost you both time and money in
Is My Car Still Under Warranty? (PDF) Being aware if your vehicle is still under warranty can be helpful; maybe you’ll need to get it repaired and want to know what the cost might be. Contacting a dealer for the brand of car or the manufacturer themselves is one
Top 10 Best Selling Cars Of 2022 So Far (PDF) This year’s best-selling vehicle list is mostly unchanged from last year’s because we all love the cars that made this list. As supply-chain issues continue to affect dealer inventories, it’s difficult to find new vehicles to buy. It can
Hydrogen Fuel Cell Car Sales Decline In Q3 2022 (PDF) Hydrogen fuel cell cars, the alternative to electric cars, haven’t shown any growth in sales. Without much of a chance for significant growth, they might not be the solution they claim to be. In the third quarter of 2022,
Understanding Diminished Value Diminished value is the loss in your vehicle’s market value after an accident. Even with excellent repairs, a car with a history of damage is typically worth less than one that’s never been in an accident. Buyers tend to view accident history as a potential risk, which
Can I Trust Carfax? (PDF) If you want to buy a used car and don’t know how to detect the warning signs, Carfax can help. Carfax reports any accidents or damage history, as well as all repairs. All this information is at your fingertips when you search for cars on
Automotive Market Update for October 2022(PDF) The market keeps declining considering the time of the year. Last week, the 8-to-16-year-old cars depreciated by 0.63%, while the 2-to-8-year-old vehicles declined by 0.76%. Overall, the car segment decreased 0.89%. For reference, last week cars decreased 1.11%. Three segments reported declines more than
US Dealer Groups Show Solid F&I Profit for Q2 2022 (PDF) Five out of the 6 largest publicly traded auto dealer groups average $2,000 in F&I profit in Q2 of 2022 The major publicly traded dealership groups all posted double-digit increases in same-store finance-and-insurance gross profit per vehicle during the
Due to Consumer Complaints the FTC Changes GAP Insurance Rules FTC Rule 463 Section 5 GAP Insurance (PDF) Buying a vehicle is an expensive and tricky process, many consumers rely on financing to complete their purchases. The car dealer’s finance office is the main point of sale of financing as
The Market Experiences Significant Declines Large market declines continued last week, exceeding the levels that are expected for this time of year. Luxury segments continued to experience severe depreciation last week. The Prestige Luxury Car segment reported the largest decline at -2%, following the prior week’s already large decline of
It’s no secret car prices are going up, but the extent of this increase is more visible as we look at wholesale price charts on popular mass-produced vehicles.
In our study we observed the wholesale price variance of 5 vehicles:
2011 Honda Accord
2012 Toyota Camry
2014 Ford F150
2014 Hyundai Sonata
2013 Toyota Sienna
What’s a Monroney Window Sticker? The Monroney sticker, window sticker or MSRP Sticker is a window label or sticker required in the US to be shown in all NEW cars that includes the listing of details about the car. The window sticker was named after Almer Monroney, a US Senator
New Car Dealer Groups – Day Supply Q1 and Q2 2022 (PDF) Low New Car Inventory lingers for a second quarter in a row. Days’ supply of new vehicles at the US’s six major dealership groups remains low due to production delays, parts shortages and unseasonably high demand. Penske Auto
Initial Quality Study. Problems Per 100 Vehicles List Buick tops the list with the least amount of problems per vehicle. 1 Buick 139 2 Dodge 143 3 Chevrolet 147 4 Genesis 156 5 Kia 156 6 Lexus 157 7 GMC 162 8 Cadillac 163 9 BMW 165 10 Ford 167
Auto Industry Related Headlines for July 2022 With the exception of the Compact and Full-Size Van segments, all segments reported softening last week, leading up to the July 4th holiday weekend. In recent weeks, the sales rates at the auctions have been trending downward and dealer sentiment is that leads
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
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