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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.
For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
The Tundra is one of the best resale value trucks. The SR trim with RWD configured with the crew cab and short bed holds its value best at 73.8%. The rugged TRD Pro model is at 63.6%.
Trade-in value is an important facet of the car deal. Many websites offer trade-in value estimates. [11] However, most of these values are estimated from a theoretical chart that may or may not be based on recent average sales prices of a particular make and model.
With fuel prices returning to 1960s levels, many American manufacturers again increased the size of their vehicles in the 1990s. In 2020 the average light-duty automobile, including light trucks, in the US had a fuel economy rating of 23.0 MPG or 10.2 liters per 100 kilometers. [20]
"If these tariffs stay in place for longer than six months, we estimate on average a $4,000 to $5,000 increase in car prices," said Dan Ives, global head of technology research and managing ...
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.
S&P Global estimates the new duties on imports from Mexico and Canada could cost affected U.S. carmakers on average 10%-25% of their annual EBITDA. ... the Chevrolet Silverado Heavy Duty truck ...
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