AutoSuccess

SEPTEMBER 6, 2024

The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs. cars or roughly two vehicles, according to Money Geek. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.

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Auto Service World

NOVEMBER 30, 2024

When purchasing a used car, a thorough vehicle history report is essential to uncover potential issues that might not be visible during a standard inspection. A vehicle thats been in a severe accident may not be worth the risk, especially if the repairs were subpar or if the car was considered a total loss by the insurance company.

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AutoSuccess

MARCH 14, 2025

22% of dealers noted that the cost of vehicle insurance for consumers is holding back their business. 22% of dealers noted that the cost of vehicle insurance for consumers is holding back their business. Independent dealers, more than franchised dealers, felt that the cost of insurance was holding back business.

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Auto Service World

FEBRUARY 15, 2025

Here’s why timing matters: Fluctuating metal prices (especially for scrap metal) regularly alter the weight-based value of your car. Recent developments continue to reshape the used car market landscape. Seasonal changes also impact junk car values.

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Autoblog: Maintainence

JUNE 22, 2023

Filed under: Car Buying , Used Car Buying , Gas Prices , Insurance , Maintenance , Ownership , Safety Continue reading Here's $12,000. Buy a car for college Here's $12,000. Buy a car for college originally appeared on Autoblog on Thu, 22 Jun 2023 10:00:00 EDT. Please see our terms for use of feeds.

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Car Insurance Used Cars 52

Jalopnik

MAY 29, 2024

Cars just aren’t worth repairing anymore. One in every five cars seen by an insurance adjuster is estimated to cost too much to be repaired and returned to drivable condition.

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autoevolution

SEPTEMBER 13, 2024

The model is going to end up on the used car parts market in pieces. Well, not literally, because the insurance company surely paid out, and the owner of the pickup truck went and bought another vehicle, maybe o. One year later, it is a write-off. The poor pickup truck has no chance of ever getting back on the road again.

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Dent Mechanic Group

JULY 10, 2024

It’s essential to document the damage by taking photographs from multiple angles, as this will be useful when filing a car insurance claim or seeking repair estimates. Schedule Repairs Promptly Once you’ve selected a repair shop and received approval from your insurance company, schedule repairs promptly.

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Auto Remarketing

SEPTEMBER 1, 2024

Meanwhile, Todd Caputo, president of Todd Caputo Consulting, sees a multifront storm potentially impacting the used-car industry, too, and not just in the Southeast. However, it could take weeks — if not months — for insurance companies to process claims and issue payments. Don’t forget the parts,” Caputo said.

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Dent Mechanic Group

JANUARY 5, 2024

They can also provide detailed assessments for insurance claims. Insurance Claims for Hail Damage If you find hail damage, document it with photos and contact your insurance company. Timely filing of claims is essential for a smooth insurance process. Hail damage is not always immediately visible to the naked eye.

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AutoSuccess

AUGUST 12, 2024

Additionally, a rise in used EV sales continues to make headlines. Over 7% of new car sales in 2023 were battery EVs (BEVs), which will lead to an increase of used EV inventory in the coming years. However, this shift also brings new considerations for dealerships, particularly in the F&I space.

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AutoSuccess

JANUARY 24, 2024

After pouring countless amounts of energy into the never-pretty process of getting used cars through the shop faster and on the lot for sale — then what? It’s common knowledge that the real rewards and internal gains only come when the car finds its new owner. Gray, an American insurance salesman and motivational speaker.

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AutoSuccess

APRIL 29, 2024

The Inventory Dashboard displays key KPIs for used car and aged inventory, enabling quick in-month adjustments to keep margins intact. The Lead Handling Dashboard gives users access to all of the lead KPIs in one centralized location in order to make quick and informed decisions for increased conversion rates.

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GCSSB

JUNE 29, 2021

However, car inspections allow you to slow down the effect of vehicle depreciation and, by consequence, retain higher value for your car. Inspection reports provide proof to used car dealerships that your car has been cared for and serviced over the years. This also works for company cars too.

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Ride Mission

MAY 3, 2023

However, that can be a scary adventure because, most of the time, you never really know what you are getting yourself into, which is why it is so important to make sure you go through a reputable car dealership when purchasing a used car. But that is not all.

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Auto Remarketing

JULY 16, 2024

Marking down cars will increase vehicle detail page views and equal sales One of the most general beliefs in the auto industry is that reducing a vehicle’s price will automatically attract more views to its vehicle detail page (VDP) and directly translate into sales. However, real-world data paints a different picture.

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Meister Werks European & Import

SEPTEMBER 12, 2024

When purchasing a used car from either the dealership or used car lot, they may offer you a warranty for an additional fee. Most used cars are ‘As Is’ with no warranty. Companies, such as CarMax , use a third party company called Assurance. Other dealers use different companies as well.

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The Mechanic Doctor

JUNE 16, 2023

Family Budget Buying a used hybrid can be a cost-effective choice for your family’s budget. Used hybrids are generally priced lower than their new counterparts, saving you money on the purchase price. Additionally, used hybrids often have lower insurance costs, as they may be cheaper to repair or replace in case of an accident.

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Auto Service World

MARCH 14, 2025

Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. Shops must navigate the delicate balance between insurer expectations and maintaining repair quality.

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Auto Remarketing

JANUARY 16, 2024

In an industry where efficiency is paramount and margins are tight, the fleet remarketing process represents a critical juncture for automotive and insurance professionals. Leading used car buyers in the US have adopted AI car inspection solutions in assessing potential trades and triaging them to the right funnel.

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Auto Service World

JANUARY 18, 2025

Insurance Implications Insurance premiums for EVs can be higher due to their higher purchase price, rapid tech development, and specialized repair needs. According to Bankrate, they are 18 to 30% pricier to insure than ICE vehicles. Leasing avoids depreciation risks, but if you buy used gas cars, they retain better value.

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Auto Service World

FEBRUARY 21, 2025

The report covered various topics, including car buying outlooks, views on electric vehicles and hybrids, insurance affordability, repair costs and attitudes toward AI driving technology and data collection. A majority of drivers (55 per cent) shopped around for car insurance in the past 12 months, up from 38 per cent a year ago.

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