Fast forward three years from the COVID-19 pandemic, which drastically impacted new vehicle production, and we find ourselves in a market that’s anything but straightforward. With high interest rates, significant negative equity, and rising new vehicle incentives all playing a role, the wholesale auto market is showing signs of both
The auto market’s always buzzing with activity, and the week ending August 03, 2024, is no exception. In this update, we’re diving into the nitty-gritty of wholesale prices, car and truck segment performances, and the state of the used retail market. We’re not just rehashing the same old data; we’re
As July comes to a close, the auto market is showing signs of stabilization. The depreciation rates, which had seen significant declines in previous weeks, are now aligning more closely with typical rates for this time of year. Let’s dive into the specifics of the week ending July 27, 2024,
Despite rising auction conversion rates, the days to turn on dealership lots are consistently increasing. In terms of valuations, the market continues to decline at a pace that surpasses pre-pandemic norms for this time of year. This Week Last Week 2017-2019 Average(Same Week) Car segments –0.54% –0.62% –0.39% Truck &
The auto market’s recent performance has been quite the rollercoaster, hasn’t it? Let’s dive into some intriguing data and insights that you won’t find on most other sites. We’re talking about the nitty-gritty details that really make a difference. Auto Market Update Week Ending June 22, 2024 (PDF) Wholesale Prices,
The auto market saw some significant movements last week, with an accelerated depreciation rate across all segments, marking the most substantial decline since mid-December 2023. Notably, the midsize car and midsize crossover/SUV segments experienced the largest declines. Let’s dive into the specifics. Auto Market Update Week Ending June 08, 2024
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
Once upon a time, in a bustling market filled with the hum of eager buyers and the competitive calls of sellers, a week stood out, marked by a subtle yet significant shift. It was the week ending March 30th, 2024, a period that would be remembered for its nuanced changes
In the serene twilight of an early March evening, the auto market, much like the fleeting cherry blossoms of spring, showed subtle yet significant signs of change. Amidst this picturesque backdrop, let’s delve into a narrative not just about numbers and trends, but about a journey through the labyrinth of
Imagine, if you will, a vast ocean, its surface mirroring the ever-changing skies above. This ocean is not filled with water, but with cars and trucks, each wave representing the fluctuations of the automotive market. Just like sailors navigating through calm and stormy weather, dealers and investors keep a keen
A quick recap of Auto industry-related headlines for June 2021 Wholesale prices remain strong, however, there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling. Cars segments at +0.75% are the lowest weekly gain in seventeen weeks and
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.
Diminished Value of Georgia is powered by Appraisal Engine Inc™ | All Rights Reserved.
