How Do Kelley Blue Book Values Get Determined?
What Is Kelly Blue Book? Kelly Blue Book, or KBB for short, is an automobile valuation company that is commonly used as a resource for researching the price of a car. Kelly Blue Book is one of the most widely known and accepted valuation resource in existence. KBB provides valuations of all types of vehicles, both new and used. KBB estimates take important factors, such as a vehicle’s total mileage, condition, transmission type and location into account when calculating value. KBB Suggested Retail Value The most commonly used valuation estimate that KBB makes is its suggested retail price valuation. While many people use this price as a ballpark for the actual value of a vehicle, this value is actually an estimate of the average asking price that a dealer will quote for a given vehicle. This number is estimated based on actual dealers’ quotes, as well as adjustments based on the condition of a specific car. Since the suggested retail price is only an average of a dealers asking price,
