Pinnacle Auto Appraisers' Blog
Keeping the auto appraising industry up to date with important auto industry and appraiser information.
Published June 12, 2012
Greyhound may be named after a fast dog, but it’s got nothing on this puppy.
A high speed electric Superbus built in The Netherlands is now street legal after the government there issued a license plate for the radical form of mass transportation.
The 23-passenger vehicle is being developed by a program at the Delft Institute of Technology headed up by physicist and former astronaut Wubbo Ockels, who in 1985 became the first Dutch citizen to travel into space on the last successful flight of the Space Shuttle Challenger.
The sleek, 50-foot-long six-wheel vehicle looks more like a stretch limo version of an exotic sports car than a typical bus, and features 16 gullwing doors and a central seating position for the driver.
Powered by lithium-ion batteries it has a theoretical range of 134 miles per charge and a top speed of 155 mph.
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500 Vehicles On Display
DENVER -- Fuel efficiency will be on the minds of visitors to Denver’s auto show this week.The auto industry is changing deeply and quickly, partly to accommodate fuel economy regulations but also to confront changing attitudes toward environmental responsibility and higher gas prices.Energy analysts predict fuel prices will continue to rise as demand grows from developing countries, and that will encourage future auto buyers to focus on fuel economy.
They’ll find plenty of options at the auto show at the Colorado Convention Center.Auto-show officials estimate that one of every five cars on display features a hybrid, electric or alternative-fuel power system.Those are things car companies talk about when showing off cars such as the Ford Fusion Energi plug-in hybrid or the Acura NSX hybrid performance car concept.
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Published June 01, 2012
When it comes to selling your car, taking the do-it-yourself approach will likely mean more money in your pocket. Here is a guide to getting the best price when you put your car up for sale.
Set a realistic price
Use sites like Kelley Blue Book (KBB), Edmunds.com and AutoTrader.com to get a sense of how much your car is worth; you can also determine how healthy local and regional markets are.
"If your asking price is less than the KBB value, then be sure and mention this as a selling point," says Joel Ohman, a certified financial planner and the founder of CarInsuranceComparison.com. "If your asking price is higher than the KBB value, then be sure and give an explanation as to why you are asking for more, [like] extra options, custom upgrades [or] newly replaced parts."
Be honest about your car's condition
The value of a car depends heavily on its condition. Alec Gutierrez, KBB's senior market analyst for automotive insights, says that many sellers end up overpricing their cars, which could push away potential buyers and price them out of the market.
"Approximately 3 percent of all vehicles are in excellent condition," Gutierrez says, "and we have found that more than 10 percent of all visitors to KBB.com actually select 'excellent' as their assumed condition."
Make small fixes
"Having one headlight out might not be a serious issue, but it gives the impression that the car has not been well-cared for," says Brian Moody, automotive expert at AutoTrader.com.
Fix the most obvious issues. Make sure no warning lights are on, and that small cracks in the windshield and minor dents have been taken care of. You don't want the customer to demand a discount because of problems you could have fixed.
Spell out the relevant information
Do not leave critical information out of your advertisements. Gutierrez says that commonly omitted items include mileage, major options and equipment, condition and an autocheck summary. Gutierrez says that a seller should at least provide a vehicle identification number (VIN) if they do not want to pay for a carfax or autocheck summary.
Impress with your photos
Gutierrez says that one of the most common mistake people make when they are trying to sell their car involves only including one, low-quality photo in an online advertisement, or even leave the photo out completely.
"The key is to try and stand out from the crowd and provide buyers with a sense of confidence by offering up a multitude of detailed pictures," he says.
Most buyers have short attention spans, Gutierrez says, and they will often overlook ads with sub-par photos, or think that the seller is trying to hide something.
Post detailed pictures of the interior and exterior of the car, and highlight dents, dings and defects. Also remember to get your car washed inside and out before you take the pictures.
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