![]() Over the years, KBB has become one of the leading sources in car buying and selling estimates. The algorithm is incredibly complex, and relies on key information in order to do its calculating:ĭespite being a very helpful resource, there are a few fall backs related to the estimates that KBB offers. KBB relies on a powerful algorithm to crunch the numbers, so you don’t have to. Certified pre-owned (CPO) value refers to the value for vehicles in the CPO program.Suggested retail price refers to the value most dealerships are paying.Trade-in value: this is the value of the vehicle when traded in with a dealership.Private party value: this is the value when sold to a private party or individual.How Are Kelley Blue Book Prices Calculated?ĭepending on your needs, Kelley Blue Book is able to create three different value types: KBB relies on a massive data bank that leverages sophisticated calculating technologies in order to create the most accurate price estimate possible. Nowadays, the KBB continues to be one of the most trusted sources in the used car market. In the subsequent decades, the Kelley fortune grew, subscriptions to the KBB soared, and the KBB became the leading source for car buying and selling information. At the time, it was a resource, created by Les Kelley, for the cars he wanted to buy and sell. The Kelley Blue Book was first published in 1926 and was actually a blue book. Keep on reading to learn about what makes KBB so accurate, and some other reliable sources for car prices. However, it is just one of multiple sources that folks use to help guide them in the car buying or selling process. Similarly, and if you’re on the selling side of things, deciding on a fair figure to sell your vehicle for can be equally troublesome.įor the most part, Kelley Blue Book (KBB) is one of the most accurate sources when it comes to prices for buying and selling used vehicles. Currently Black Book is the official valuation service for, a third-party internet shopping site based on their accurate vehicle values which help serve as an important guide for consumers navigating the vehicle selling and trade-in process.When buying a car, searching for a car with the right price, and all the features you require can be difficult. Finding out car value is dependent on several factors including make, model, year, condition, accessories and mileage of the vehicle. ![]() Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as. It collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Black Book Methodologyīlack Book visits 60 auctions nationwide every week to gather the most up to date information on used car values. In select formats, Black Book vehicle appraisal guides are published daily, weekly, and monthly in various electronic formats, including data feeds, internet based applications, hand held PDAs, smart phones and online appraisal services. National Auto Research Inc, provides vehicle pricing. ![]() Black Book is issued weekly, reflecting the latest prices direct from actual or online automobile dealers. The magazine is circulation controlled, restricted to dealers and financing sources. Today, Black Book is a division of Hearst Business Media Corporation. Other products include VIN decoding software, projected residual values, inventory management tools, and lead generation applications.īlack Book data is published daily in multiple electronic formats including data feeds, Internet-based applications, handheld PDAs, Web-enabled cell phones, Pocket PCs, BlackBerry and Palm devices, smart phones, Micro Browsers, online trade appraisal services, and in a variety of other custom products.
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