Which of the following is NOT a correct statement in determining the cost of a "comparable automobile" when a physical damage loss has occurred?

The statement that the age of the vehicle does not affect its value is not correct when determining the cost of a "comparable automobile" after a physical damage loss. Age is a critical factor in vehicle valuation because it directly impacts depreciation and the overall market value of the vehicle. As vehicles age, their value typically decreases due to wear and tear, mileage, and evolving market preferences for newer models.

In contrast, market value helps establish fair pricing by considering factors like condition and mileage alongside age, while computerized valuation services provide data-driven assessments of comparable vehicles based on various criteria, including location and market trends. Current market conditions also play a significant role in determining a vehicle's value as they reflect supply and demand dynamics that can fluctuate significantly over time. Therefore, while all the other options reflect statements that can be deemed accurate, the age of a vehicle is indeed a vital element in its valuation.