The Used Car Price Inflation of 2021 Our company appraises hundreds of vehicles a month and we’ve noticed a steady rise in vehicle values. The same car is worth more today than it was a year ago. Below is a pricing analysis of the top 5 vehicles we’ve appraised so
Recap of Auto industry-related headlines over the last week: Wholesale prices continued their decline last week, for the fourteenth week in a row. Average retail listing prices of available inventory have been essentially flat over the last two months, but overall pricing began to show signs of softening over the last three weeks. Full-Size Truck retail prices have
Article: The Collision Shop Sales Slump of 2020 (PDF) The Collision Shop and Car Dealer Service Department Financial Report for The First Half of 2020 Reveals The Following: 126 Million Repair orders written $51 Billion in Sales, compared to $64 Billion in Sales in 2019 A decline in all segments
Auction data reflects a brief pandemic-induced fall, then a sharp increase in prices this summer and autumn. Cars are supposed to depreciate over time, this pandemic has made an exception to this rule. Supply / Demand Imbalance Weak Supply and Shortages Factories shut down 6 to 8 weeks, no new
The Rise of Contactless Car Shopping in the Wake of Covid Consumers are warming up to the idea of digital retailing as more car dealerships take the car-buying process online during the covid19 pandemic. And customers increasingly say they’d like to handle certain parts of the transaction virtually instead of
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
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