Auto market Archives - Appraisal Engine Inc https://appraisalengine.com/tag/auto-market/ Vehicle Appraisal Experts - Total Loss and Diminished Value Tue, 07 Oct 2025 13:35:17 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://appraisalengine.com/wp-content/uploads/cropped-AE-Icon-PNG-32x32.png Auto market Archives - Appraisal Engine Inc https://appraisalengine.com/tag/auto-market/ 32 32 Full Coverage with a High Deductible on Low-Value Cars https://appraisalengine.com/appraiser-blog/full-coverage-high-deductible-low-value-cars/?utm_source=rss&utm_medium=rss&utm_campaign=full-coverage-high-deductible-low-value-cars Mon, 06 Oct 2025 12:36:54 +0000 https://appraisalengine.com/?p=26343 Paying for high deductible full coverage on an older car usually fails the math. With high deductible full coverage, the payout can be wiped out by the deductible. Understanding Full Coverage and High Deductibles “Full coverage” typically includes: A deductible is the amount you pay out-of-pocket before your insurance kicks in. A high deductible (e.g., […]

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]]> How Fair Market Value is Calculated in Insurance Claims https://appraisalengine.com/appraiser-blog/fair-market-value-calculated-in-insurance-claims/?utm_source=rss&utm_medium=rss&utm_campaign=fair-market-value-calculated-in-insurance-claims Tue, 04 Feb 2025 23:00:00 +0000 https://appraisalengine.com/?p=25817 Have you ever wondered how insurance companies determine the fair market value of your property after a loss? Understanding this process is crucial, as it directly affects your insurance claim and potential claim payouts. While most explanations scratch the surface, we’re diving deeper into the methods and factors that make up an accurate valuation, including […]

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]]> How to Request a Car Insurance Policy Cancellation https://appraisalengine.com/appraiser-blog/auto-insurance-policy-cancellation-guide/?utm_source=rss&utm_medium=rss&utm_campaign=auto-insurance-policy-cancellation-guide Wed, 15 Jan 2025 23:00:00 +0000 https://appraisalengine.com/?p=25756 Canceling a car insurance policy may seem like a daunting task, but it’s straightforward if you follow the proper steps. A cancellation letter is often required by auto insurance companies, as it serves as proof of your request and ensures clarity regarding the effective cancellation date. In this guide, we’ll outline the process of writing […]

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]]> Understanding Vehicle Conditions for Accurate Appraisals https://appraisalengine.com/appraiser-blog/vehicle-conditions-for-appraisals/?utm_source=rss&utm_medium=rss&utm_campaign=vehicle-conditions-for-appraisals Thu, 26 Dec 2024 22:30:00 +0000 https://appraisalengine.com/?p=25639 DOWNLOAD: “Understanding Vehicle Conditions for Accurate Appraisals”.PDF When assessing the value of a car, the condition is one of the most important factors. The process of determining a vehicle’s worth involves understanding its overall state, from the exterior to the mechanical components. Below is a detailed breakdown of the categories typically used to evaluate a […]

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]]> Navigating the Risks and Rewards of the Sharing Economy https://appraisalengine.com/appraiser-blog/navigating-the-risks-and-rewards-of-the-sharing-economy/?utm_source=rss&utm_medium=rss&utm_campaign=navigating-the-risks-and-rewards-of-the-sharing-economy Thu, 26 Dec 2024 12:08:41 +0000 https://appraisalengine.com/?p=25623 The sharing economy has transformed how we access goods and services, disrupting traditional industries and creating opportunities for innovation, savings, and environmental impact. From booking a ride on Uber to renting a cozy apartment on Airbnb, peer-to-peer platforms have redefined convenience and resource-sharing. But with great innovation comes great complexity. The sharing economy brings its […]

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]]> SUV Accidents and Diminished Value: A Comprehensive Guide https://appraisalengine.com/appraiser-blog/suv-accidents-diminished-value/?utm_source=rss&utm_medium=rss&utm_campaign=suv-accidents-diminished-value Tue, 26 Nov 2024 16:14:50 +0000 https://appraisalengine.com/?p=25555 SUVs are beloved for their versatility, size, and family-friendly features. But after an accident, even if your SUV is repaired to perfection, it might lose value—a phenomenon known as diminished value (DV). For SUV owners, this can mean a substantial financial hit when it’s time to sell or trade in the vehicle. So, why are […]

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]]> Fair Market Value for EVs: What Changes After an Accident? https://appraisalengine.com/appraiser-blog/fair-market-value-evs-what-changes-after-accident/?utm_source=rss&utm_medium=rss&utm_campaign=fair-market-value-evs-what-changes-after-accident Wed, 13 Nov 2024 17:57:13 +0000 https://appraisalengine.com/?p=25519 Electric vehicles (EVs) are rapidly growing in popularity, thanks to their environmental benefits, advanced technology, and impressive performance. But with new technology comes new challenges—especially when it comes to understanding fair market value (FMV) after an accident. While FMV is a key concept in determining compensation for any vehicle, EVs have unique factors that can […]

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]]> Why EVs Lose Value Faster Than Gasoline-Powered Cars https://appraisalengine.com/appraiser-blog/why-evs-loss-of-value-faster-than-gas-cars/?utm_source=rss&utm_medium=rss&utm_campaign=why-evs-loss-of-value-faster-than-gas-cars Thu, 24 Oct 2024 17:52:44 +0000 https://appraisalengine.com/?p=25443 Electric vehicles (EVs) are the future. Governments are backing them, automakers are investing billions into their development, and people are trading in their old gas cars to get behind the wheel of these sleek, eco-friendly machines. But, here’s the kicker: EVs lose value faster than gas-powered cars, often much faster than most buyers expect. Surprising, […]

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]]> How Decreased Used Car Prices Contributed to Lower Inflation https://appraisalengine.com/appraiser-blog/how-decreased-used-car-prices-contributed-to-lower-inflation/?utm_source=rss&utm_medium=rss&utm_campaign=how-decreased-used-car-prices-contributed-to-lower-inflation Thu, 13 Jul 2023 17:00:51 +0000 https://appraisalengine.com/?p=21887 How Decreased Used Car Prices Contributed to Lower Inflation (PDF) Over the past two years, the United States has grappled with the persistent concern of inflation, a phenomenon characterized by the gradual increase in prices of goods and services. However, recent data brings a ray of hope as inflation rates have shown a decline, with […]

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]]> Auto Inventory Surge: More Choices and Better Prices https://appraisalengine.com/appraiser-blog/auto-inventory-surge-more-choices-and-better-prices/?utm_source=rss&utm_medium=rss&utm_campaign=auto-inventory-surge-more-choices-and-better-prices Thu, 25 May 2023 17:00:53 +0000 https://appraisalengine.com/?p=21717 Auto Inventory Surge: More Choices and Better Prices (PDF) The US auto market is experiencing a gradual upward trend in new vehicle sales, despite the presence of growing inventories and falling prices. The immediate future of the industry remains uncertain, as it is unclear whether the increasing supply of vehicles or affordability concerns will shape […]

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