A car’s value will change depending on what information you put into the forms on the KBB website. The value listed for a car is determined by Kelley’s own formula that takes many different factors into account. KBB then uses a proprietary algorithm that analyzes pricing data along with historical trends, current economic conditions, industry developments, time of year, and location to determine KBB values. KBB obtains used car prices on a daily basis from a variety of resources across the country, such as wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lenders, and private party transactions. If you are selling the car, the KBB will offer the suggested list sale price in a private sale and the trade in value to a dealer.

The first is if you buy the car directly from the previous owner, while the other one is if you buy the car from a dealership.

For buyers, the guide usually has two price suggestions. Because the KBB is a guide, the prices and information contained in it suggest a range of prices that a used car should sell or buy for. It offers a consensus listing that helps people buy used cars at fair prices every day. To be sure, KBB is a great resource for consumers and dealers alike. Pricing ranges from region to region in part to reflect the seasonal differences that may impact a car’s condition. KBB is a nationwide pricing resource, so local or regional prices will vary depending on the zip code or location you provide in the initial query form. The value determined does not include any warranties, nor the car’s actual condition and local market factors. The Kelley Blue Book is a private party service that provides a valuable starting point used for reference in a used car sales between a buyer and seller. Though Kelley Blue Book was first published in 1926, since 1995, the Blue Book price guide is available online for convenience. Automotive experts acknowledge that KBB is one of the most popular and trusted guides in automotive pricing. The company provides customers, businesses, and consumers with accurate vehicle pricing information. Kelley Blue Book (KBB) is considered one of the most reliable resources and for determining the value of a used car, and an authoritative pricing guide for selling, buying, and trading cars.

Kbb used car value