Kelly bluebook update

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. The data they provide is critical to our valuation methodology. This data is not customer-specific or confidential. Additionally, our special relationship with Manheim allows Kelley Blue Book to secure Manheim auction data at an extremely detailed level, contributing to the accuracy of our values.

Companies such as Moodys. This information is critical to our forecasts since vehicle prices and sales are highly correlated to the health of the economy. Kelley Blue Book receives data on an average of 3. Several data companies have access to dealership DMS data and provide Kelley Blue Book with vehicle level transaction information, including retail transaction price at the year, model and trim level.

The typical mileage points change regularly based on the mileage data in our transaction records. Generally, lower-mileage vehicles have a higher price or value. Kelley Blue Book provides values for used vehicles from model year and newer. Transactions for older vehicles are too rare, therefore we do not have enough data to analyze and are unable to report values for them. Kelley Blue Book understands the importance of providing pricing that is geographically relevant to dealers and consumers.

In order to better meet the needs of the industry, we produce values based on geographic regions in the United States. Each region is analyzed individually to reflect local pricing and local economic conditions. If you believe our values are not reflective of your market area, please contact us at: values kbb.

Manheim MMR transaction data gets updated each night with additional transactions. Kelley Blue Book updates values on a weekly basis leveraging multiple data sources and utilizes an art and science approach to vehicle valuations. Five quick and easy tips to get the maximum for your trade in. Plus, what adds to a used cars value and what doesn't.

Here are some potential tax benefits to consider when deciding whether to sell yourself or trade it in. Also, a quick pricing tip if you decide FSBO is the way to go. It's important to note that KBB is only a guide. They do not buy or sell vehicles. None of the blue book values you'll find in their guide are set in stone. Your trade in vehicle or the "new" used vehicle you are looking to buy may be worth more or worth less than its Kelley Blue Book value.

FYI: Auto lenders lending guidelines play an important role for car dealers when they determine how much they will buy a car for. This applies to your trade in and cars bought from auction or other sources Auto lenders rely on these values when considering loaning money against the value of the vehicle. I discuss loan structure more in depth on my Auto Loans page. I tend to see situations like this arise when a customer has a decked out vehicle with all kinds of cool add ons.

For instance, a lifted truck with premium wheels and tires. A car dealer wouldn't want to own a vehicle for more money than a lender would want to loan This would make it extremely difficult to sell.

Quick definitions of the four blue book values. Click on any of the links for the values to learn the whole story Retail Value Kelley defines this value as the expected starting price for a used vehicle that has been fully reconditioned and is available for sale by a car dealer.