Kelley blue book

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That's because factors such as odometer reading or equipment can directly impact the value of cars. With so many variables, it's difficult to know the right price to pay for a car. Kelley Blue Book began in the U. After years of successfully running the car company, Les Kelley introduced the Kelley Blue Book in Les Kelley was so successful at selling cars that he constantly needed more cars for his lot; he began distributing a list of automobiles he wanted to purchase with the prices he was willing to pay for them to dealers and banks.

Kelley blue book

Kelley Blue Book is an Irvine , California -based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. In , Kelley Blue Book created its company website, which contained tips and pricing information from its hardcopy guide. In , the company formed an alliance with Bitauto Holdings Ltd. The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. American vehicle valuation company. Retrieved 21 September USA Today.

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We update our pricing weekly to give dealers and consumers the most up to date pricing. In order to better meet the needs of the industry, we produce values based on geographic regions. Each region is analyzed individually to reflect local pricing and local economic conditions. We leverage massive amounts of data, including actual transactions — then adjust for local market conditions and seasonal trends. Our Values reflect both wholesale and retail transactions to provide a degree view of the market. This insight, coupled with detailed auction transaction data from our sister company, Manheim, allows dealers to make confident buying decisions. Kelley Blue Book maintains relationships with large and small dealers and dealer groups.

Kelley blue book

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. For the used-car pricing information to be useful, it must be accurate, if not "penny perfect. 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. 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. Because the auto market has significant regional differences, they are also adjusted to reflect local conditions in over different geographic areas and are updated weekly to give consumers up-to-date used-car pricing information. To gain all the data necessary, KBB uses several key data sources including wholesale auctions, independent dealers, franchised dealers, and private party transactions.

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The analysis take into consideration of the Australian market situation and economic factors before publishing our forecasted values to the public. Cox Media Group. In , Kelley Blue Book created its company website, which contained tips and pricing information from its hardcopy guide. The Orange County Register. USA Today. Most dealers do not use KBB for trade-in wholesale values. Since the three main consumer guides—KBB, Edmunds. Table of Contents. Our trained team of statisticians and data scientists have developed a proprietary algorithm that takes into consideration a multitude of factors before developing a forecasted value. Article Talk. Irvine, California , U. Cox Automotive [2]. In , the company formed an alliance with Bitauto Holdings Ltd. Did you know that the price of the same car can vary considerably?

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Investopedia requires writers to use primary sources to support their work. Although none of the top used car buying guides is perfect, when taken together—along with additional information gained from other websites and tools, such as auto loan calculators —they can provide reasonably reliable and accurate information for your used car transaction. Contents move to sidebar hide. Wall Street Journal. The Bottom Line. The Orange County Register. Pittsburgh Cable News Channel. OC Metro. Kelley Blue Book Australia. Prices listed may not always reflect the very latest trends and economic conditions. Chicago Tribune.