CarExpert
JANUARY 11, 2024
“The MSRP declines in EVs over the course of 2023, driven primarily by Tesla, have driven the fair market value of our EVs lower as compared to last year, such that as salvage creates a larger loss and therefore greater burden,” said Mr Scherr. While Hertz is moving away from EVs, Americans are buying them in record numbers.
Shawn Ryder
JANUARY 17, 2025
Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.
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Shawn Ryder
JANUARY 24, 2025
In the ever-evolving landscape of automotive sales, one question that seems to linger is, “Is this a strange dealer discount on a new vehicle?” Understanding Dealer Discounts Dealer discounts refer to the price reductions that automotive dealerships offer to encourage sales.
Shawn Ryder
JANUARY 18, 2025
Utilize tools like Kelley Blue Book (KBB) or Edmunds to determine fair market values. Highlight Vehicle History Providing a comprehensive vehicle history report can add value and justify pricing. For more information on leveraging vehicle documentation, check out our post on local SEO for automotive dealerships.
Shawn Ryder
JANUARY 22, 2025
Market Value and Pricing Anomalies A car that has remained unsold for several months may indicate potential pricing issues. The automotive market is contingent upon supply and demand; if a vehicle is still sitting in the listings, it could suggest that the asking price does not align with what buyers are willing to pay.
Shawn Ryder
JANUARY 19, 2025
In this post, we will explore the nuances of price matching in the automotive market and provide insights on how to make an informed decision. Navigating this decision can be complex, as there are several factors to consider, each affecting the ultimate cost, satisfaction, and experience of the car-buying journey.
Shawn Ryder
JANUARY 20, 2025
Research Market Values: Understand the fair market value for similar vehicles without damage to support your negotiation. For more insights, explore our article on local SEO for automotive dealerships that discusses how to enhance your vehicle’s perceived value through effective marketing strategies.
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