![]() So you’re likely to see Black Book car value calculation tools on some dealers’ websites. In recent years, the Black Book has shifted its focus toward dealers and brokers, and they offer business-focused paid products now. ![]() It also has more detailed and paid tiers, for really detailed information that would be valuable to dealers but more than a consumer would need. It offers more consideration for future valuation of a car, as well. It’s similar to the Blue Book, except that it’s dealer-focused. This Black Book keeps track of all the car makes and models out there, and their valuation. There’s also the Black Book-no, not the kind where people used to keep phone numbers of dating prospects back before smartphones. The reality is that they use algorithms and averages, which may not capture big changes in the market right away.įor example, the used car market right now has shifted so extremely and quickly, as a result of the effects of the pandemic, that KBB and the others probably aren’t fully capturing this unprecedented spike in prices. They’re ‘updated’ frequently (KBB is updated weekly), but it’s hard to know what, exactly, constitutes an ‘update’. But it’s not the final word, and definitely not the only source of car pricing information out there.Īnd, there’s a caveat, with Kelley Blue Book value and all the other pricing sites and tools-they may not accurately reflect the most current market trends. The KBB is a great starting point when you’re trying to determine the fair market value of a car you’re selling or buying. The KBB is a helpful tool to determine a ballpark used car trade-in value. It has different ranges for whether you’re planning to buy or sell privately (where you’ll typically get the best price), or buy from or trade in to a dealer. The Blue Book, or KBB, has been around since 1926 (which is impressive, given that there weren’t actually a lot of cars around back then).Īll you have to do is enter the details (make, model, year, mileage, color, options) of the car you’re looking to buy or sell, and it’ll give you the Kelley Blue Book value-a price range to expect. It’s a price guide, published by an automotive research company of the same name. The ‘book’ they’re talking about is usually the Kelley Blue Book. You’ve probably heard people refer to ‘book value’ when talking about a car’s price.
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