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Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
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.
Those wishing to sell to a dealer can ask for offers from their local area. [16] [17] After taking their car to the dealer to verify its condition, the owner may then sell for the offered price, either as cash or trade-in value. [9] [17] Sellers may purchase an ad package with a description, and upload up to 30 photos.
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.
By 1996, the company had formed web commerce agreements with Autobytel, a site linking buyers to nearby dealers, and the auto insurance company Geico. As part of the agreement, each time a lead was generated from the Edmunds.com website, it would get paid a fee. [6] In June 1999, the company changed its name to Edmunds.com, Inc. [4]
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