But they are not "stabs in the dark," but instead are estimates based on a well-established process, giant amounts of data, and generations of expertise in determining and, in some ways, establishing vehicle values. It acknowledges that it is a "guidebook" and that the values it published are estimates. Kelley Blue Book used car values are not precise, and KBB doesn't claim they are precise to the penny. Traditionally, it has relied heavily on wholesale auctions because they reflect information from key sources including consumers, dealers, financial institutions, rental fleets, and leasing companies. To gain all the data necessary, KBB uses several key data sources including wholesale auctions, independent dealers, franchised dealers, and private party transactions. Because the auto market has significant regional differences, they are also adjusted to reflect local conditions in over 100 different geographic areas and are updated weekly to give consumers up-to-date used-car pricing information. 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. uses the Kelley Blue Book Used-Car Guide Book for vehicle values on our trade-in path. Used-car pricing is reliable if they are going to rely on it as they negotiate and come to a deal. For the used-car pricing information to be useful, it must be accurate, if not "penny perfect." And it must come from a source that is credible and respected. 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. Provided that unbiased pricing data in its Kelley Blue Book Used-Car Pricing Guide. For almost a century, Kelley Blue Book has Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. Of any new car is nebulous, an unbiased source of information is important in helping both buyer and seller come to an agreement on a vehicle’s price. And the fact that it is an independent source of information is important.
Kelley Blue Book has been an independent source of vehicle values since its founding in 1926. That's why a third-party source like Kelley Blue Book is important."
"Every used car is different, and everyone has their own ideas on what each car is worth. "Arriving at a meeting of the minds on the price of a car isn't easy," said Eric Charles, a Chicago-area used-car dealer and master mechanic.
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