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
Accidents happen, and when they do, they can really hit you in the wallet, especially if you own a vehicle like the 2022 GMC Canyon Denali. When a car gets damaged and repaired, its market value usually takes a hit. This decrease in value is known as diminished value. In
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
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
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
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
Wondering how much your vehicle lost in Value? Click the button to know more.
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