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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 ...
By the 1990s, Edmunds published its data to CD-ROM while also publishing books such as Edmunds New Cars & Trucks Buyer's Guide, Edmunds Used Cars & Trucks Buyer's Guide and Edmunds Strategies for Smart Car Buyers. In 1994, the company posted on a gopher site known as the Electronic Newsstand. [5]
Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago.
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 ...
In mid-2015, NADA sold its 82-year-old Used Car Guide business to J.D. Power and Associates. [38] [39] In January 2017, NADA launched an information website to educate the public about the role of car dealers and to describe their economic impact. [15]
Established in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the first American used car lots. [3]The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales).
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