Value Your Trade
Tell us which car you own, select the Year, Make, Model, Trim, Mileage and your Zip Code and you will receive your car's Blue Book® Trade-In Value.
About Kelley Blue Book® Values
For over 90 years, Kelley Blue Book has been The Trusted Resource for used car values, helping car owners understand what their used car is worth. Kelley Blue Book Values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality and market trends. Kelley Blue Book Values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most up-to-date used car pricing information.
Kelley Blue Book: An Essential Guide for Used-Car Pricing
In the fast-paced world of buying and selling used cars, having an unbiased source of information is essential. Kelley Blue Book has been that source since 1926. As an independent voice in the industry, Kelley Blue Book’s Used-Car Pricing Guide has been a go-to resource for buyers, sellers, dealers, financial institutions, insurance companies, and government agencies. With the right information, used-car price negotiations are made easier and more straightforward.
Making the Grade: The Research Behind Kelley Blue Book Values
Kelley Blue Book’s used-car values are a product of extensive research and data analysis. Their values are derived from a vast database of actual sales transactions and auction prices that are adjusted to reflect current market trends and regional differences. Over 100 different geographic areas are considered, and the values are updated weekly to keep pace with the ever-changing used-car market. To collect all this information, KBB uses several key data sources, including wholesale auctions, independent dealers, franchised dealers, and private party transactions.
A Proprietary Process for Reliable Pricing
Kelley Blue Book values are not precise, but they are based on a well-established process and extensive data analysis. The values are informed by historical trends, economic conditions, industry developments, seasonality, and location. Although Kelley Blue Book acknowledges that their values are estimates and not precise, they are considered “close enough” by buyers and sellers, financial institutions, insurance companies, and government agencies to provide a common understanding of the limits of a transaction. KBB’s “proprietary editorial process” is designed to provide a credible guide in the constantly changing used-car market.
Factors That Influence Used-Car Values
Kelley Blue Book takes into account several key factors when determining used-car values. Market demand, vehicle condition, equipment level, and mileage are all considered. Market demand can vary significantly from region to region, and a used car’s value may differ depending on where it is sold. The condition of a used car is also a major factor, and assessing wear-and-tear is often a matter of personal opinion. A used car’s equipment level, such as the presence of high-tech and comfort features, can also have an impact on its value. Finally, mileage is a significant factor, as it reflects how much a vehicle has been used and how close it is to the end of its life.
Values with Many Faces
When it comes to used cars, the question of “What is it worth?” doesn’t have a simple answer. A used car has several values, including trade-in value, private-party value, and retail value. Trade-in value is what a consumer can expect to receive from a dealer if they trade it in as part of a transaction. This value is often less than what they could get from a private buyer and could be more than the retail value if sold to a used-car dealer. Keep in mind that these values are based on an accurate appraisal of the vehicle and can vary depending on the buyer and seller’s circumstances.
Kelley Blue Book’s Used-Car Pricing Guide is a valuable resource for anyone looking to buy or sell a used car. With accurate, up-to-date information, it provides a starting point for negotiations and helps both parties make informed decisions.
