Vehicle Owners May Be Owed More After an Accident: New Diminished Value Report Reveals Hidden Market Loss.
After a vehicle is damaged in an accident, repairs are performed to restore the car’s safety, function and appearance, but many drivers don’t realize that (even after perfect repairs) their vehicle may still be worth less simply because it now carries an accident history. This financial impact is known as Inherent Diminished Value – the measurable difference between what a vehicle was worth before an accident and what it is worth afterward, even after repairs are completed.
Vehicle Value Experts has launched a new Inherent Diminished Value module within its Vehicle Value Analysis platform, designed to help consumers identify, document and pursue this often-overlooked loss.
VVA’s Inherent Diminished Value Report provides an easy way for collision repair facilities to educate and support their customers in these situations as well by providing a structured way to explain post-repair market impact without becoming involved in insurance disputes.
