The Kelley Blue Book is a vehicle valuation and research company based in Irvine, California. Recognized by consumers and the automotive industry, it values cars according to four different condition levels. However, the Blue Book is not the only place you should turn when you’re looking for used car prices. Read on to learn more about Kelley Blue Book and how it works. This article will provide you with some helpful tips to get the most out of this resource.
Les Kelley founded Kelley Blue Book
The Kelley Blue Book is a popular and reliable source of car prices and information. Kelley founded the company in 1918, originally as the “Kelley Kar Company” and went on to become a multi-billion dollar business that employs over 55,000 people around the world. The Kelley Blue Book was the first guide to determining the true value of any vehicle, and it continues to grow today. Today, Kelley Blue Book is owned by Cox Enterprises, a multi-billion dollar business with over 55,000 employees.
Les Kelley founded the company in El Segundo, California, and eventually expanded its scope to include other markets. He sold his car dealerships to focus on the Kelley Blue Book, and the publication expanded its scope to include prices for used cars. After World War Two, the Kelley Blue Book started reaching the East Coast, where it became a national reference tool. The Kelley company is still a leading innovator in the auto industry, having developed software that allowed car dealers to print their own window stickers for used cars that included the Blue Book Seal of Approval.
Kelley Blue Book is an industry-standard for trust and transparency
The Kelley Blue Book is an independent, online resource for used and new automobile prices and trade-in values. It also publishes car ratings and reviews. Today, consumers can access all this information from any computer with an Internet connection. In 2015, it was named the most visited automobile information website by Nielsen/NetRatings. In 2016, it became the most visited auto website by J.D. Power and Associates.
The Kelley Blue Book has been the industry-standard for trust and transparency for over a century. They provide data-driven solutions to eliminate friction from the car-buying process and connect automakers and consumers. In Birmingham, Alabama, Doug Anderson, owner of Driver’s Way, uses high-tech tools to remain competitive in the regional market. With the new Kelley Blue Book website, he can now offer his customers more tools and information than ever.
Kelley Blue Book values are based on four condition levels
To come up with the Kelley Blue Book values, the company uses a secret algorithm to evaluate all aspects of the vehicle. In the process, it takes into account qualitative data, including time of year, location, and economy. It then compares the car to similar cars in the same condition. The Kelley Blue Book values are not intended to be the final selling price of the car. They are often used as a starting point for negotiations.
Using the Kelley Blue Book tool, you can determine the trade-in or private-party value of the car you’re considering. To help you decide, the tool also includes different condition levels. Currently, only 3 percent of used cars fall into the excellent category. In other words, most are in good or fair condition. The vehicle’s mileage, maintenance history, and emissions testing also contribute to the Blue Book’s overall assessment.
Kelley Blue Book isn’t the only place to find used car prices
You may think that Kelley Blue Book is the best way to get a general idea of used car prices. But it’s not the only place to look. The Edmund Publishing Corporation in El Segundo, Calif., has used car pricing data that’s regionalized by ZIP code. Its website offers price ranges and more information about used cars than any other resource.
Kelley Blue Book uses an algorithm to estimate used car prices, taking into account economic conditions, location, and retail sales. Its values are estimates, so you’ll need to know that they might not be exactly the same as the price you can get at the dealership. While Kelley Blue Book is a great starting point, it’s not always the best way to avoid getting ripped off. For example, a light blue 1998 Pontiac Grand Am may sell for more than the Blue Book value, particularly if it’s in demand. The same car, however, might sell for much less than its legal value.
The Kelley Blue Book’s used car price data may not be up to date. Kelly does not disclose its methodology for pricing cars, but it does include links to dealerships and online auctions to help buyers find a car that fits their budget. Kelley Blue Book’s data is based on 75 years of experience. The company starts by figuring out how much a car was worth when it was new. It also takes into account market forces at the time.
