The auto market for the week ending May 18, 2024, is marked by a sense of stability with subtle yet significant shifts that paint a detailed picture of current trends. While overall prices remain steady, a closer look reveals interesting dynamics across various segments. Auto Market Update Week Ending May
The Biden administration’s recent decision to impose stiff new tariffs on Chinese electric vehicles (EVs) and critical minerals has sparked a wave of discussions. While some believe this move is necessary to bolster domestic production, others are concerned about the immediate economic impacts and the potential rise in EV prices.
Navigating the world of insurance claims can be overwhelming, especially when dealing with appraisal clause disputes. This blog post aims to clarify the different types of disputes that can arise, focusing on three key states: Georgia, North Carolina, and other states in general. We will also provide a flowchart to
Accidents happen, and when they do, they can significantly impact the value of your car. If your 2024 Kia Niro was in an accident, you might be wondering about its diminished value. Let’s delve into how the diminished value is calculated and what it means for you. 2024 Kia Niro
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within the American automotive industry, which has grown increasingly worried about
In this week’s update, we’re diving deep into the nuances of the auto market as of May 11, 2024. The pulse of the market is steady—unfaltering yet revealing subtleties that predict future shifts. Here, we go beyond the typical metrics to uncover the less-discussed details that shape the automotive landscape.
Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole
In the first quarter of 2024, the finance and insurance (F&I) sector witnessed a noticeable dip in gross profit per vehicle across most major US auto dealership groups. This trend underscores the ongoing challenges within the automotive retail industry, particularly in an environment of persistently high interest rates. Let’s delve
Navigating the aftermath of a car accident can be overwhelming, from dealing with repairs to handling insurance claims. But there’s another crucial aspect many drivers overlook: the diminished value of their vehicle. Particularly for a nearly new model like the 2022 Ford EcoSport, understanding how much value your car has
China is making huge strides in the electric vehicle (EV) world, becoming a leader with its innovative and diverse range of electric car brands. While names like NIO and BYD might ring a bell, there’s a lot more happening in China’s EV scene. This article takes a closer look at
As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different
When handling Progressive Diminished Value Claims after an accident, there are numerous factors to consider. If you’ve ever been in a car accident and had your vehicle repaired, you might be aware that the post-repair value of your car isn’t the same as it was pre-accident. This reduction in value
One rainy evening, Sarah was driving home from work. The streets were flooded from a heavy downpour that hadn’t let up for hours. As she approached an intersection, the road ahead was covered in water. She remembered the common advice she’d heard so many times before: “Turn around, don’t drown.”
Imagine this: You’re cruising in your 2022 Lexus GX, enjoying the ride, when suddenly, bam! An accident. Now, as you deal with the aftermath, questions arise. What’s the impact on your GX’s value? How do you even figure that out? Don’t worry, we’re here to unravel the mystery behind the
April 2024 has unfolded as an intriguing chapter in the narrative of the U.S. light-vehicle market. After 20 months of consecutive growth, this April observed a modest setback, with total new-vehicle sales slipping 3.9 percent to 1.32 million units compared to April of the previous year. This mixed bag—comprising growth
Last week painted a picture of subtle tranquility in the broader market, with a whisper-thin increase of just 0.01%. It’s like the gentle hum of a well-oiled engine running in the background. But beneath this calm surface, the currents of change are stirring, particularly in the realms of luxury vehicles,
In the heart of Detroit, a tale of two giants unfolds—one facing a rough patch, the other on a rising path. Ford Motor Co., a beacon of American automotive strength, recently faced a substantial setback. The company’s meticulous focus on enhancing vehicle quality led to delayed shipments and a noticeable
Under the stars of a clear California night, somewhere in the vastness of Tesla’s sprawling Fremont factory, the hum of machines blends with the hushed whispers of engineers. These are the sounds of innovation and adaptation—a company standing at the crossroads of financial challenge and technological promise. Just last week,
Imagine you just got a new 2024 Nissan Murano. It looks great and drives smoothly. Then, suddenly, someone hits your car. Accidents happen, but what matters just as much is what comes next—especially for your car’s value. Let’s dive into how the diminished value was calculated for your Murano 2024
Imagine the year 2024, and the automotive world is abuzz with the latest developments in alternative fuel technologies. You’re standing at a crossroads—one path leads to a sleek electric vehicle (EV) charging at a modern station, while the other winds towards a hydrogen fuel cell vehicle being refueled in minutes.
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
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