Used Car Values
About Kelley Blue Book
If you’re searching for used car pricing information, then you’ll want to use the most trusted source in the car business: Kelley Blue Book. The Blue Book® is the vehicle information resource used by consumers and the automobile industry to establish price guidelines. Since 1926, new and used car buyers and sellers have relied upon Kelley Blue Book for authoritative and unbiased information to make well-informed car, truck and SUV buying decisions. Kelley Blue Book reports used car values for a variety of buying and selling transactions: trading in your automobile to a dealer, buying a used car from a dealer, buying a used car from a private party and selling your used car to a private party. Blue Book used car values are determined by taking into consideration the equipment and options on the automobile, the vehicle’s mileage, the condition of the automobile and the geographic area where the car has been driven.
Kelley Blue Book® and Blue Book® are registered trademarks of Kelley Blue Book Co., Inc.
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Trade-in Value is what consumers can expect to receive from a dealer for a trade-in vehicle assuming an accurate appraisal of condition. This value will likely be less than the Private Party Value because the reselling dealer incurs the cost of safety inspections, reconditioning and other costs of doing business.
Private Party Value
Private Party Value is what a buyer can expect to pay when buying a used car from a private party. The Private Party Value assumes the vehicle is sold “As Is” and carries no warranty (other than the continuing factory warranty). The final sale price may vary depending on the vehicle’s actual condition and local market conditions. This value may also be used to derive Fair Market Value for insurance and vehicle donation purposes.
Suggested Retail Value
The Kelley Blue Book Suggested Retail Value is representative of dealers’ asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the vehicle has been fully reconditioned and has a clean Title History . This value also takes into account the dealers’ profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the vehicle’s actual condition, popularity, type of warranty offered and local market conditions.
Copyright 2015 by Kelley Blue Book Co., All Rights Reserved. 03/30/2015 Edition. The specific information required to determine the value for this particular vehicle was supplied by the person generating this report. Vehicle valuations are opinions and may vary from vehicle to vehicle. Actual valuations will vary based upon market conditions, specifications, vehicle condition or other particular circumstances pertinent to this particular vehicle or the transaction or the parties to the transaction. This report is intended for the individual use of the person generating this report only and shall not be sold or transmitted to another party. Kelley Blue Book assumes no responsibility for errors or omissions. (v.11023)