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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 ...
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 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.
The Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all. [12] The value of a vehicle with a salvage title is generally 65-75% lower than the vehicle's estimated value. If the vehicle is rebuilt to a road worthy condition and has passed State inspection, the difference in price is 60-70% of "fair" KBB.
The car had become so toxic on the used car market that one-year-old models with low mileage were worth less than a quarter of their MSRP and dealerships refused to take them as trade-ins. [54] Two Firenzas caught fire during a 32-car protest outside of the Canadian House of Commons. [54]
Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. Presidential policies can have an impact as well, though it's often an indirect ...
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