uses the Kelley Blue Book Used-Car Guide Book for vehicle values on our trade-in path. Used-car pricing is reliable if they are going to rely on it as they negotiate and come to a deal. For the used-car pricing information to be useful, it must be accurate, if not 'penny perfect.' And it must come from a source that is credible and respected. That information is important to consumers and used-car dealers, and it is also important to others who need it - financial institutions, insurance companies, and governmental agencies. Provided that unbiased pricing data in its Kelley Blue Book Used-Car Pricing Guide. For almost a century, Kelley Blue Book has Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. Of any new car is nebulous, an unbiased source of information is important in helping both buyer and seller come to an agreement on a vehicle’s price. And the fact that it is an independent source of information is important. Kelley Blue Book has been an independent source of vehicle values since its founding in 1926. That's why a third-party source like Kelley Blue Book is important.' 'Every used car is different, and everyone has their own ideas on what each car is worth. Mileage Adjustment : All sales prices are adjusted for deviation of actual mileage from expected mileage for a given month.'Arriving at a meeting of the minds on the price of a car isn't easy,' said Eric Charles, a Chicago-area used-car dealer and master mechanic.

Condition Adjustment : Condition of the vehicle is ascertained and included in the calculations.Once the data is prepared, the following adjustments are made to any sale: In addition to a statistical outlier detection process, the data is reviewed and annotated by automotive analysts in order to apply machine learning techniques. We use a proprietary statistical expert system in which machine learning techniques are aided by our subject matter experts – analysts with a combined 250+ years of industry experience. MethodologyĪll Black Book values are data driven. This allows us to properly identify changes in buying behavior, demand, and supply in the marketplace before any data trends emerge. We cover more than 95% of all auction sales, and we account for all available sources, not just one. Īdditionally, our survey personnel attend and report on over 65 auctions each week where they: inspect sold vehicles, record weather, attendance and other local conditions, and interact with the industry’s front line. Through proprietary relationships and agreements nationwide, Black Book receives transactional sales data from most auctions, as well as a variety of upstream auction feeds from OEMs, fleet management companies, rental car companies, lenders, dealer-to-dealer auction platforms, and more. Sales Dataīlack Book’s trade-in price is based on the most comprehensive view of the automotive market. Through the use of real-time data, powered by AutoCheck, we incorporate over 1,200 VIN specific history data elements, and adjust the value accordingly, based on our proprietary algorithm, ensuring our users incorporate all potential variables into the trade-in value. Recently, Black Book introduced a VIN specific valuation (History Adjusted Value) that considers the individual history of each vehicle, including the number of owners, vehicle usage, number of accidents and corresponding severity, title issues, flood/hail/fire damage, CPO history, and other variables that are not obvious when physically inspecting a vehicle. Our goal is to report the market with precision, in the timeliest manner possible. As an independent data guide, Black Book’s mission is to agnostically report the market, therefore we do not project a vehicle’s value, nor do we imply what the value should be rather, Black Book reports the current valuation. The published values reflect daily changes in the marketplace and are adjusted for mileage, condition history, and region. For over 60 years, Black Book’s Trade-In Values have been utilized by industry experts, including buyers, sellers, and lenders, as the Gold-Standard to accurately represent the current trade-in value of a vehicle.

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