Auto Knight

Your Car’s Blue Book Value

by Darren

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

A car’s blue book gives basically the information on key issues such as vehicle pricing, including automobile trade-in values, as well as car ratings and reviews. In layman’s terms the car’s blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types.

The Kelley Blue Book has become the premier appraisal guide for vehicle price quotes. Auto insurance companies frequently use the blue book as a benchmark for assessing the market value of a car that has been involved in a collision in order to determine whether it’s worthwhile to fix the car or whether it should be written off as a total loss. This happens in so many cases that the Kelley Blue Book value is nearly a standard.

The New Car Blue Book Value reflects a vehicle’s actual selling price and is based on thousands of recent real sales transactions from auto dealers across the country. For this reason, the New Car Blue Book Value is not calculated or based on a proprietary formula, which is the case with used cars. Instead the value is derived from actual new vehicle sales and extensive knowledge of the marketplace.

New Car Blue Book pricing is offered as a single value, a range and information on current market conditions, not a speculative assessment. The New Car Blue Book price represents the most common selling price for a given vehicle, but not all cars sell for the exact same price, which is why the blue book values are included in a given price range, rather than named at a specific price.

This price range represents prices that usually occur on auto sales for each make and model. By showing both the lowest and highest ends of that price range we can better reflect whether a given vehicle’s selling price varies widely or hardly at all. Blue Book New Car Pricing Reports also include the current market conditions for each vehicle. These market conditions generally explain a way and help the consumer to better understand each Car’s Blue Book Value.

All in all, the Blue Book value serves as a standard for car prices. Without it, the marketplace for auto buyers, auto companies, and auto insurance companies would be much tougher to navigate.