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Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
You can use several pricing guides and consult with more than one guide to give you a more precise value. Some popular online car value calculators include the following: Carfax. Edmunds. Kelly ...
Research car price guides and websites like Kelley Blue Book (KBB) and Edmunds. Determine what you want to do with your car, such as trade it in, sell it to someone else or a car company, etc ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Determining fair value for an item (initially) sold on a market but not (subsequently) traded on an active market (a car, truck, machine, computer, dishwasher, etc.) is more difficult as it requires assessing not only the item's specifications, age and condition but also market conditions (see level two fair value below).
Kelley Blue Book got its start in 1926, when Los Angeles car dealer Les Kelley published the first Blue Book of Motor Car Values based on data he had gathered since 1918, according to the company ...
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