Are Kelley Blue Book trade in values accurate?

Is Kelly Blue Book accurate? The short answer is no. Sometimes it takes a while for the information to get to KBB and reported in their pricing charts. In order to post prices they use an algorithm that takes prices posted on Autotrader which is the most widely used car selling site on the internet (and owned by KBB).

What is considered good condition on Kelley Blue Book?

Good condition means that the vehicle is free of any major defects. This vehicle has a clean Title History, the paint, body and interior have only minor (if any) blemishes, and there are no major mechanical problems. There should be little or no rust on this vehicle.

Is Kelly Blue Book accurate?

Kelley Blue Book is a very good resource, but it should not be the only one you consult. Although none of the top used car buying guides is perfect, when taken together – along with additional information gained from other websites – they can provide reasonably reliable and accurate information for your used car transaction.

What is blue book value?

The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values.

Who is Kelly Blue?

Kelley Blue Book is an Irvine, California -based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. The company is owned by the Cox Automotive subsidiary of Cox Enterprises . The company began as the Kelley Kar Company founded by Les Kelley in 1918.

What is the Blue Book value of a car?

Blue book value is the amount your car is worth for sale or trade-in. The “blue book” value of your car is the market amount it is worth to others. Your vehicle may have more than one value. The private-party value indicates the price a consumer might pay to buy the car from you directly.