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
Almost 3 million vehicles to be cut from production in 2022 for lack of microchips (PDF) Slowly the worldwide shortage of microchips is decreasing, and automakers square measure being forced to eliminate fewer and fewer vehicles from their weekly production schedules. But the numbers of chip-related mill cut square measure
The Lexus RX dominates and retains the lead off the top premium crossover vehicles sold in the US in 2021 and 2022. Lexus has redesigned the RX for the 2023 model year to stay ahead in the midsize premium crossover segment it has long dominated. Below is a list
June 2022 Automotive Market Update: The overall market continued to increase last week, but the rate of gains slowed. All Luxury segments returned to negative territory last week with the Full-Size Luxury Crossover/SUV and Premium Sporty Cars reporting the largest declines. Used Retail Listing Volume has increased above the 1.00
The auto market continues to follow a new path of seasonality with the overall market having another week of increases last week. Traditionally, by this time of year, we would have started to see the spring market bump reverse and turn cars back into depreciating assets, but not this year,
The 2023 Toyota bZ4X electric crossover will go on sale this month at U.S. dealerships, it’s roughly the size of a 2022 RAV4. 2023 Toyota bZ4X quick specs and data: Doors: 5 Seats: 5 USB Ports: 5 0-60 MPH: 6.5 Seconds Power: 201 HP from ONE 150KW Motor (FWD Version),
Used Car Prices and Inventory April 2022 (pdf) Used Cars: Retail Prices Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing. Transparent pricing upfront makes the car buying process more enjoyable for customers and allows Black Book to accurately
A quick recap of industry-related headlines for April 2022: The overall market is still reporting declines, but the Car segments moved into positive territory last week. Older model years (8-to-16-year-olds) also had another week of outperforming newer model years. We are also starting to see the higher gas prices affecting
List of the top 10 car dealership groups in the US by total units sold (PDF) AutoNation Inc. Total Units Sold in 2021 (New and Used ): 637,884 Lithia Motors Inc. Total Units Sold in 2021 (New and Used ): 618,585 Penske Automotive Group Inc Total Units Sold in 2021
Auto Market Recap Q1 2022 (PDF) Will there be a spring market? Although there is uncertainty about how strong the spring market will be this year, here’s what we saw in Q1 2022: With a continued lack of new inventory for rental companies, high fuel prices, and tax season, we
U.S. Automotive Social Intelligence Update 2022 Results(PDF) The U.S. Automotive Social Intelligence Update delivers insights highlighting what consumers are saying in their social media conversations about vehicle makes and models. These tables highlight the total volume of social media discussions, as well as the sentiment (positive or negative) of those
U.S. Auto Manufacturer Loyalty Rates by Make 2021 CY PY CY PY CY PY CY PY make make mfg mfg make make mfg mfg loyalty loyalty loyalty loyalty loyalty
March 2022 Auto Industry Related Headlines: With fuel prices rising, the Sub-Compact Car segment moved into positive territory and Compact Cars slowed the rate of decline last week. On a volume-weighted basis, the overall Car segment decreased -0.52%. For reference, the previous week, cars decreased by -0.81%. The volume-weighted, overall
Poll Would you purchase a vehicle that’s been involved in an accident (PDF) Poll/ Survey Results Respondents: 2,870 Question: Would buy a wrecked and repaired Vehicle? Answer: Yes 12% Yes, but with a very large discount 51% Yes, only if it had minor damage 7% No, Never 25% Unsure, Undecided
Myths And Misconceptions In The Automotive Sector (PDF) The automotive industry is filled with many myths and misconceptions that you need to dispel. These myths have to do with the business side of things, along with the maintenance side as well. Overall, this means that the myths and misconceptions can
Top 10 Vehicles By Warranty Repair Cost The table below lists service and warranty costs compiled from actual service records. The report measures money spent by owners and manufacturers of vehicles from model years 2018-21 after 12 months on the road, covering more than 16 million vehicles across 351 models
Below are the top 10 Motor Vehicle Accident Settlements in the State of Georgia for the 2021 calendar year. The cases are in descending order of monetary value: $30,000,000 – Emanuel Co., GA Attorneys Alan Hamilton (Shiver Hamilton, LLC) $19,500,000 – Gwinnett Co., GA Attorney Chris Glover (Beasley Allen) $14,000,000
Top 10 Luxury Vehicle Registrations 2021 vs 2020 Tesla increased sales by 75% from 2020 to 2021 and is on the brink of overtaking BMW as the #1 luxury brand volume automaker in the US. The table below shows new vehicle registration in the US in 2021 compared to 2020.
Top Vehicles Appraised in 2021 Below is a list of the top 10 vehicles appraised by Diminished Value of Georgia in 2021. 7,742 cars appraised: Rank Vehicle Appraisals Percentage 1 Ford F150 405 5.23% 2 Nissan Altima 373 4.82% 3 Honda Accord 260 3.36% 4 BMW 3-Series 249 3.22% 5
The Correct Tire Pressure According to Vehicle Type Many people are not certain whether their tires are at optimum pressure, and this is more alarming than it may sound. Running your car with the wrong tire pressure can lead to life-threatening situations while on the road. Your tires are what
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
Wondering how much your vehicle lost in Value? Click the button to know more.
Diminished Value of Georgia is powered by Appraisal Engine Inc™ | All Rights Reserved.
