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A few steps to determine your car’s value include: Research car price guides and websites like Kelley Blue Book (KBB) and Edmunds.
The Blue Book’s origins lie in the Kelley Kar Company of Los Angeles, a used car dealership founded by Bob’s uncle, Les Kelley, in 1918 with a few Model T Fords.
The first step in finding out the exact value of your car is to evaluate it objectively. According to Kelly Blue Book, owners overvalue their vehicles when setting an asking price.
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. Recognition
With annual sales of over US$ 350 billion, the used vehicle industry represents almost half of the U.S. auto retail market and is the largest retail segment of the economy. In 2016, about 17.6 million used cars and trucks were sold in the United States, and 38.5 million were sold worldwide.
Black Book provides values for both new and used vehicles, including cars, light trucks, and collectible vehicles produced since 1946, motorcycles, ATVs, snowmobiles, personal watercraft, and heavy duty commercial trucks and trailers.
According to Kelly Blue Book, the average dealership price for a used car is $25,571 as of April 2024. That doesn’t mean getting a good deal on a used car this year is impossible.
According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates...
The Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all. The value of a vehicle with a salvage title is generally 65-75% lower than the vehicle's estimated value.
With Kelley at the helm of Kelley Blue Book, the publication began to use important changes and factors in the industry to provide detailed, updated values for vehicles.