In this week’s update, we’re diving deep into the nuances of the auto market as of May 11, 2024. The pulse of the market is steady—unfaltering yet revealing subtleties that predict future shifts. Here, we go beyond the typical metrics to uncover the less-discussed details that shape the automotive landscape. Auto Market Update Week Ending […] The post Auto Market Update Week Ending May 11, 2024 first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole story? Enter the new heroes […] The post Increasing Auto Loan Approvals with AI and Alternative Data first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

In the first quarter of 2024, the finance and insurance (F&I) sector witnessed a noticeable dip in gross profit per vehicle across most major US auto dealership groups. This trend underscores the ongoing challenges within the automotive retail industry, particularly in an environment of persistently high interest rates. Let’s delve into the details and explore […] The post US Dealer Groups Experience F&I Profit Decline in Q1 2024 first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

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 lost following an accident is […] The post 2022 Ford EcoSport Diminished Value Case Study first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

China is making huge strides in the electric vehicle (EV) world, becoming a leader with its innovative and diverse range of electric car brands. While names like NIO and BYD might ring a bell, there’s a lot more happening in China’s EV scene. This article takes a closer look at the top 13 Chinese electric […] The post List of the Top 13 Chinese Electric Car Brands first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different sort of change—one that could […] The post Auto Market Update Week Ending May 04, 2024 first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

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 is known as diminished value, […] The post Progressive Diminished Value Claims: Complete Guide first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

One rainy evening, Sarah was driving home from work. The streets were flooded from a heavy downpour that hadn’t let up for hours. As she approached an intersection, the road ahead was covered in water. She remembered the common advice she’d heard so many times before: “Turn around, don’t drown.” This time, she decided to […] The post Why You Should Never Drive Into Floodwaters first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

Imagine this: You’re cruising in your 2022 Lexus GX, enjoying the ride, when suddenly, bam! An accident. Now, as you deal with the aftermath, questions arise. What’s the impact on your GX’s value? How do you even figure that out? Don’t worry, we’re here to unravel the mystery behind the 2022 Lexus GX Diminished Value […] The post 2022 Lexus GX Diminished Value Case Study first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more

Last week painted a picture of subtle tranquility in the broader market, with a whisper-thin increase of just 0.01%. It’s like the gentle hum of a well-oiled engine running in the background. But beneath this calm surface, the currents of change are stirring, particularly in the realms of luxury vehicles, Full-Size Vans, and electric vehicles […] The post Auto Market Update Week Ending April 27, 2024 first appeared on Diminished Value Georgia, Car Appraisals for Insurance Claims ..read more