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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.
Today, the average used car has around 70,000 miles, and some dealerships take in cars with up to 150,000 miles as trades. However, a vehicle with lower miles usually sells for a higher price than ...
According to Kelley Blue Book, as of May 2020, a new small car averages $20,000, while the median cost of a new midsize model is $26,000. That’s a hefty price tag. That’s a hefty price tag.
Kelley Blue Book, Edmunds and NADA are all great tools to determine your car value. The best tool is a personal decision and depends on what you are trying to accomplish by valuing your vehicle.
The average cost of a used car in the U.S. is $26,533, according to Kelley Blue Book (KBB). But if you're on a tight budget, or if you're looking for a starter vehicle, this price point might ...
In 2011, two years after launching a similar service for new vehicles, the company launched a used car inventory search tool, allowing users to compare vehicles in their market. [12] Edmunds.com launched its first TV advertising campaign in select markets in 2012, before expanding nationally in 2013. [ 13 ]