Kelley blue book used car value

The accuracy of KBB values can vary depending on several factors, such as the condition of the vehicle, its location, and the current market demand for that particular make and model.

At one time the Blue Book value was a used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot. The Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. From used car lots to new car dealers , they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book! What, actually, is a Blue Book? Who started this whole arbitrary pricing bible?

Kelley blue book used car value

Kelley Blue Book KBB is considered one of the most reliable resources and for determining the value of a used car, and an authoritative pricing guide for selling, buying, and trading cars. The company provides customers, businesses, and consumers with accurate vehicle pricing information. Automotive experts acknowledge that KBB is one of the most popular and trusted guides in automotive pricing. Though Kelley Blue Book was first published in , since , the Blue Book price guide is available online for convenience. The Kelley Blue Book is a private party service that provides a valuable starting point used for reference in a used car sales between a buyer and seller. KBB is a nationwide pricing resource, so local or regional prices will vary depending on the zip code or location you provide in the initial query form. To be sure, KBB is a great resource for consumers and dealers alike. It offers a consensus listing that helps people buy used cars at fair prices every day. Because the KBB is a guide, the prices and information contained in it suggest a range of prices that a used car should sell or buy for. For buyers, the guide usually has two price suggestions. The first is if you buy the car directly from the previous owner, while the other one is if you buy the car from a dealership. If you are selling the car, the KBB will offer the suggested list sale price in a private sale and the trade in value to a dealer. KBB obtains used car prices on a daily basis from a variety of resources across the country, such as wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lenders, and private party transactions.

Kelley Blue Book calls it "a proprietary editorial process. A second criterion is the vehicle's condition. Because of factors like these, each used car has a " trade-in value ," a "private party value," and a "retail value.

That's why a third-party source like Kelley Blue Book is important. Kelley Blue Book has been an independent source of vehicle values since its founding in And the fact that it is an independent source of information is important. Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. That information is important to consumers and used-car dealers, and it is also important to others who need it — financial institutions, insurance companies, and governmental agencies.

Partner content: This content was created by a business partner of Dow Jones, independent of the MarketWatch newsroom. Links in this article may result in us earning a commission. Learn More. Daniel is a MarketWatch Guides team writer and has written for numerous automotive news sites and marketing firms across the U. Daniel is a MarketWatch Guides team authority on auto insurance, loans, warranty options, auto services and more. Rashawn Mitchner is a MarketWatch Guides team editor with over 10 years of experience covering personal finance and insurance topics. In this guide, we at the MarketWatch Guides team cover everything you need to know about how car value calculators work, the factors that determine pricing, the best sites to sell your car online and how to make the most of selling or trading in your car. The MarketWatch Guides Team is committed to providing reliable information to help you make the best possible decision about financing for your vehicle. Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best auto loan companies. We collected data on dozens of loan providers to grade the companies on a wide range of ranking factors.

Kelley blue book used car value

That's why a third-party source like Kelley Blue Book is important. Kelley Blue Book has been an independent source of vehicle values since its founding in And the fact that it is an independent source of information is important. Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. That information is important to consumers and used-car dealers, and it is also important to others who need it — financial institutions, insurance companies, and governmental agencies.

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Trending Videos. One sign of its popularity: In , over 20 million unique visitors per month visited the Kelley Blue Book website , today the number is likely even higher. Their website will lead you to J. For buyers, the guide usually has two price suggestions. So why wait? The parties must believe the used-car pricing is reliable if they are going to rely on it as they negotiate and come to a deal. It takes time for data and analysis to make its way through KBB. Kelley Blue Book used car values are not precise, and KBB doesn't claim they are precise to the penny. It is important to answer as truthfully as possible, to avoid any confusion when it comes time to sell. Just enter your make, model and mileage and you will be on your way. KBB values are based on a number of factors, such as the car's make, model, year, mileage, condition, and features. Apr 25, Official.

At one time the Blue Book value was a used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot. The Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. From used car lots to new car dealers , they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book!

The values are determined by analyzing market data, including sales data, pricing trends, and supply and demand. Table of Contents Expand. Kelley Blue Book values are derived from massive amounts of data, including actual sales transactions and auction prices, which are analyzed and adjusted to account for seasonality and market trends. Who started this whole arbitrary pricing bible? Keep in mind that this assumes an accurate appraisal of the vehicle. Jul 20, Car Buying. Using this data, they make weekly updates to prices. Aug 18, Official. Using a combination of these tools can help you get a better understanding of your car's value and make an informed decision about selling or trading it. Although automotive experts acknowledge that the Kelley Blue Book is one of the most popular and trusted guides in automotive pricing, the question remains: Is it accurate and reliable? For each used car, the wear-and-tear it has experienced has a major mpact on its value. Related Articles. Is Kelly Blue Book Accurate? KBB values are based on a number of factors, such as the car's make, model, year, mileage, condition, and features. Kelley Blue Book used car values are not precise, and KBB doesn't claim they are precise to the penny.