Car prices have been a hot topic over the past few years, with both new and used vehicles experiencing sharp increases due to supply chain issues and shifting demand. But what does 2025 hold for buyers? Will prices finally drop, or will affordability remain out of reach for many shoppers?
Auto Market Update – December 14, 2024 As we near the end of 2024, the automotive market continues to show steady depreciation patterns across key segments. This week, wholesale vehicle depreciation was slightly higher than the previous week, indicating market stabilization after consistent declines in recent months. Auction sales and
Electric vehicles (EVs) have experienced a significant rise in adoption due to their environmental benefits and advancements in technology. According to Gartner Inc., it is forecasted that there will be 85 million EVs on the road by 2025, with 45 million sales by 2030, and almost 65 million sales by
Auto Market Update – December 10, 2024 The first week of December saw a significant increase in market depreciation rates following the brief stabilization observed during Thanksgiving week. Vehicles across various age groups experienced declines, with 2-to-6-year-old vehicles showing a depreciation of 0.37%, compared to 0.31% the prior week. Cars
Buying a car out of state can be a great way to save money or access a broader selection of vehicles. However, not all states are created equal when it comes to taxes, fees, and ease of purchase. Here’s a comprehensive guide to the best and worst states to buy
Auto Market Update – November 26, 2024 As we near the end of November, the auto market reflects typical late-year patterns, with depreciation trends stabilizing and a focus on high-demand segments. This week’s highlights include an in-depth look at price trends across segments, the used retail market, and an analysis
Black Friday is one of the best times to shop for a car, with dealerships promising huge discounts and irresistible offers. But are all those deals as great as they seem? Unfortunately, some promotions are more about marketing gimmicks than real savings. This guide is specifically designed for car buyers
Car dealers not only make profits from selling cars, they also make a profit from their finance departments also called F&I. Dealership F&I departments generate income by selling installement contracts at a premium. For example, Ally Financial offers 4% APR to car buyers with a 730 credit score or higher.
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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