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The brighter the car color, the brighter it’s future value.

 

According to an iSeeCars.com analysis of 2.1 million used vehicles, yellow vehicles depreciated an average of just 27 percent in value after three years, and orange cars depreciated 30.6 percent.

These school bus-inspired colors led the class, as they had the lowest depreciation rates among the 13 colors included in the analysis.Yellow and orange were followed closely by another color that can be both rare and bright: green, at 30.9-percent depreciation.

The average cars depreciates 33.1 percent after three years, according to the iSeeCars study.

“Yellow cars are relatively less common, which could drive up demand and help maintain their value,” iSeeCars chief executive officer Phong Ly said in the analysis.

“Our analysis shows that yellow vehicles have the lowest depreciation of any color for lower-volume cars like convertibles,” he said. “Interestingly, yellow is also the color with the least depreciation for popular body styles like SUVs and pickup [...]

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5 ways to spot finer points of potentially weather-damaged vehicles

AUSTIN, Texas — An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles.

“Apart from the basics, there are other telltale signs that dealers and private parties should pay attention to when it comes to signs of hurricane-related damage,” said Tomchay, whose auction is located 70 miles northeast of Atlanta. “Information is power, so arm yourself with as much knowledge as possible to avoid getting burned on the bottom line.”

“Be sure to closely inspect a car’s exterior in proper lighting, preferably in sunlight and from various angles,” he said. “If you’re still unsure, solicit an inspection from a qualified body repair shop.”

Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five [...]

Credit Acceptance is Served Subpoena

 

From Mississippi AG

   

The subprime auto lender Credit Acceptance Corp. disclosed that it has received a subpoena from the Mississippi Attorney General for issues with the company’s origination and collection of loans.  The subpoena was issued on Aug. 14 and the company said it is cooperating with the inquiry, according to a Securities and  Read More

http://waynesautosales.us

 

Yesterday, the news broke that both Ford and GM are phasing out the internal combustion engine and are aiming toward on an all-electric future.

In addition to Norway, France, the U.K. and others, China, with a severe air pollution problem, is pressuring the auto industry to make the switch, and now California is considering banning fossil-fuel powered vehicles.

Read more here

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