RECALLS! A dreaded word in the automotive industry. The most recent has Honda owners reeling with 250,000 vehicles being recalled due to engine manufacturing defects, raising concerns about safety and reliability. The recall embodies various models, including its cars, suv and pickup trucks. Receiving their first complaint notification in February 2020 and as of November...
Read MoreContinuing down the Vehicle Valuation Rabbit Hole! Let’s go even deeper into Kelley Blue Book. Yes, they have long been a trusted name in the automotive industry, providing millions of vehicle valuations to consumers, dealers and financial institutions. But wait! There are valid reasons why some will argue that KBB may not be the best...
Read MoreLast week we discussed all of these, but we wanted to dig a little deeper! While NADA may be well respected by most, some critics question their reliability. Arguments that values might not always accurately reflect real market conditions, as the data is often based on industry averages. Limiting to these conditions, can cause regional...
Read MoreIs an NADA (National Automobile Dealers Association) Value for my car any good? Will somebody actually pay me that amount? Here’s the quandary with guidebook values…there are several out there including: NADA, Edmunds, BlackBook and Galves -plus a host of websites that will project a value for your vehicle. Most of these sites even give...
Read MoreWell…the answer is pretty simple…consumers used to get free vehicle valuations from NADA.com 24/7 and there was no demand for “personal information”. This is a very big “No-no” in the land of digital marketing, because you have lots of traffic that you have no way to monetize. Many sites will start that way! By giving...
Read MoreWe just spoke about BBB being the guardians of reviews and keeping Google reviews honest. But is Trustpilot and trusting as we would believe them to be? They are a well known platform that allows consumers to write and read reviews of companies. Its primary purpose is to provide a platform where consumers can share...
Read MoreHow many times have you said this as a seller or heard this as a buyer? Probably more times than we would like to admit. As a seller, if you are not well versed or knowledgeable about used parts and what all is involved in removing just one part, read on! The cost alone of...
Read MoreThe Better Business Bureau, the good ol’ BBB. The reviews shared by consumers to the BBB do matter significantly to a business for several reasons. The most important being how reviews provide potential customers with valuable information into a company’s reputation and trustworthiness. Consumers considering a purchase or service, they often turn to BBB to...
Read MoreAccidents. Everyone has them eventually and hopefully most are minor. They can, however, have a weighty effect on the value of a vehicle, leading to a probable loss for owners. Understanding how minor and major accidents impact a vehicle’s worth is crucial for both sellers and buyers. The following can explain the various factors that...
Read MoreAfter receiving such an overwhelming response to our top five determining factors that we decided to add part two. As a seller, most look for several key factors to ensure a successful sale and here are the next five determining factors, giving a total of the top ten from our past sellers. Prompt Communication: Sellers...
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