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Factors Affecting a Car’s Value. Several factors affect your car’s value, including its condition, history and market demand. Let’s look at these factors and why they matter to prospective ...
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.
Kelley Blue Book says that the average American would need to work 37.4 weeks to pay off the average new car sale price. That's better affordability than America has seen since August 2021.
The price-to-book ratio (P/B) is a commonly used benchmark comparing market value to the accounting book value of the firm's assets. The price/sales ratio and EV/sales ratios measure value relative to sales. These multiples must be used with caution as both sales and book values are less likely to be value drivers than earnings.
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