Auto Market Update Week Ending April 20, 2024
In the second week of April 2024, the auto market showed signs of a spring slowdown, reflecting a cautious approach from buyers and a nuanced shift in market dynamics. The overall market inched up slightly by +0.05%, while Trucks and SUVs experienced a minor decline of -0.02%. This week paints
Cybertruck Recall Hints Tesla Market Status
Imagine a giant, draped in a heavy cloak, who strides confidently into the electric truck market, poised to conquer. Suddenly, a snag — a recall — catches the edge of the cloak, giving us a rare peek at the stature beneath. This is what happened with Tesla’s recent recall, inadvertently
The Rise of Used-Vehicle Interest Rates to 11.7% in Q1 2024
Once upon a time, opting for a used car felt like grabbing a winning ticket—affordable, practical, and just a tad worn. However, as the calendar flipped to the early months of 2024, buyers stepping into the market encountered a new scene: a daunting average interest rate of 11.7% on used
2023 BMW 3-Series Diminished Value Case Study
Imagine driving your sleek, new 2023 BMW 3-Series, the engine humming smoothly as you navigate through the city streets. Then, suddenly, an unexpected accident alters not just the vehicle’s perfect exterior but also its market value. Such a scenario is more than just a setback; it’s a financial whirlwind. Today,
Tesla Sales Are Dropping as E.V. Competition Heats Up
Once upon a time, in the not-so-distant past, the electric vehicle (E.V.) market was like a high-speed highway, with Tesla zooming ahead, leaving competitors in a cloud of eco-friendly dust. But recently, it seems like there’s been a collective foot easing off the pedal. What’s going on with the slowing
Auto Market Update Week Ending April 13, 2024
Imagine you’re standing at a crossroads in a bustling city. To your left, luxury cars gleam under the showroom lights, but as you turn right, you notice older models quietly increasing in value. This week, the auto market tells a similar story of diverging paths, where growth continues but with
