Despite rising auction conversion rates, the days to turn on dealership lots are consistently increasing. In terms of valuations, the market continues to decline at a pace that surpasses pre-pandemic norms for this time of year. This Week Last Week 2017-2019 Average(Same Week) Car segments –0.54% –0.62% –0.39% Truck &
Electric vehicles (EVs) are steadily gaining traction in the automotive market, thanks in part to various incentives aimed at promoting their adoption. But how do these incentives impact the resale prices of EVs? Let’s explore the effects of increased incentives on EV resale values and what this means for consumers
When it comes to car accident repairs, location plays a surprisingly significant role. While many people focus on insurance rates, repair costs can vary dramatically from state to state. Recent research by the Dolman Law Group reveals that drivers in some states enjoy much lower repair bills than others. So,
2023 Buick Envision Diminished Value Case Study (PDF) What is Diminished Value? Diminished value is essentially the difference in your car’s market value before and after an accident. Even if your Buick Envision is repaired to the highest standards, the fact that it was in an accident will often lower
Understanding vehicle depreciation is crucial for anyone involved in buying, owning, or selling vehicles. Depreciation impacts a car’s value over time, affecting insurance rates, resale prices, and overall costs of ownership. In 2024, several market trends are influencing vehicle depreciation, shedding light on how different factors play a role in
Searching for The Best Insurance in Georgia? Looking for the best car insurance for you can feel like hunting for a needle in a haystack. There are so many options. For sure you’re having a hard time trying to know which one offers the best for you. You don’t need
Wholesale Prices: Week Ending July 6, 2024 June is already gone! First things first, we hope you had an awesome 4th of July! But now it is time to get back into business. Download the Auto Market Update July 2024 – Week 1 PDF Zooming in the Decline There was
Electric vehicles (EVs) have been revolutionizing the automotive industry, offering eco-friendly alternatives to traditional gasoline-powered cars. Recently, a notable shift has occurred: for the first time since February 2023, the average price of an EV has fallen below Tesla’s average. This intriguing trend has significant implications for the market, consumers,
Had an accident with your 2024 Chevrolet Trax? It’s frustrating, right? Besides dealing with repairs, you’ve got to think about how much your car’s value has dropped. But don’t worry, we’re here to help you figure that out. 2024 Chevrolet Trax Diminished Value Case Study (PDF) What is Diminished Value?
Introduction In the vast landscape of the US automotive market, the competition between small cars and larger vehicles is both fierce and fascinating. With the rise of SUVs and trucks, one might assume that small cars would struggle to find their place. However, these compact vehicles continue to carve out
The automotive market is a dynamic and ever-changing landscape. This update for the week ending June 29, 2024, delves into unique and often overlooked aspects of the auto market, including wholesale price trends and depreciation rates. Auto Market Update Week Ending June 29, 2024 (PDF) Wholesale Prices: Week Ending June
Introduction When purchasing a car on finance, many buyers focus primarily on the sticker price and monthly payments. However, the terms of the loan, especially its duration, play a crucial role in determining whether a buyer might face negative equity. The recent Consumer Financial Protection Bureau (CFPB) report provides valuable
Ram and Porsche have risen to the top in the 2024 J.D. Power U.S. Initial Quality Study, marking significant milestones for these brands. Let’s dive into the details of the study and explore what sets these automotive leaders apart. Top Quality Automotive Brands of 2024: Expert Analysis (PDF) 2024 Automotive
Accidents happen, but understanding the financial aftermath can be a complex task. If your 2023 Kia Rio has been in an accident, determining its diminished value is crucial for claiming fair compensation. Let’s dive into a detailed analysis of how this process works, why you need a professional appraiser, and
When it comes to choosing a car that proudly boasts its American roots, the American-Made Index (AMI) is the go-to source for consumers. In 2024, the list of top vehicles showcases a mix of electric, hybrid, and traditional models. This year’s index not only highlights the leaders but also underscores
The auto market’s recent performance has been quite the rollercoaster, hasn’t it? Let’s dive into some intriguing data and insights that you won’t find on most other sites. We’re talking about the nitty-gritty details that really make a difference. Auto Market Update Week Ending June 22, 2024 (PDF) Wholesale Prices,
Electric vehicles (EVs) are having a moment in the U.S., and factory incentives are playing a huge role. Despite Tesla’s notable decline in market share, other automakers are stepping up, thanks to some hefty incentives that are making EVs more affordable than ever. Let’s dive into the details and see
Accidents are stressful and often leave you wondering about the state of your vehicle. Determining whether your car is totaled can be a daunting task. As a professional car appraisal company, we have encountered many cases where vehicles are beyond repair. In this guide, we will explore the signs that
Has your 2023 Hyundai Venue recently been in an accident? You might be curious about how this impacts your vehicle’s value. This article uncovers the concept of diminished value, a critical yet often overlooked factor. We’ll delve into why understanding your car’s diminished value is important, the various factors that
The EV market is heating up, but it’s not Tesla that’s driving the excitement. Surprisingly, while Tesla’s sales are stumbling, other carmakers are seeing their electric vehicle sales soar. Let’s break down why non-Tesla EVs are booming and what this means for the industry’s future. Why Non-Tesla EV Sales Are
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