When do Kelly Blue Book prices reflect the drop in value, from the model being another year older?
Dealers still us the same Kelly Blue Book that customers use ( www.kbb.com ), only dealers value cars at the Trade In Value, while consumers try to get Retail or Private Party Value. Even lenders base their loan amounts on Kelly Blue Book Trade Value. Typically, new model years car don’t appear on Kelly Blue Book, and even black book. Therefore, if one trys to trade a current model year car, they can get different numbers from different dealers (if you have a Ford, an Dodge dealer would probably give you more money for a used current model year car than the Ford dealer). Car values fluctuate. Convertibles drop value in Fall and winter, and 4×4’s lose value in summer.
