WTH did Kelly Bluebook values come from?

[imported_goku]

Where did the notion that KBB became the be all, end all guide on a car's worth? How did it come to a conclusion that a car loses like 25% of it's value after leaving the dealership's lot? Where did it come up with these seemingly arbitrary values for a car's value after X number of years? I mean it doesn't even seem like they follow formula or anything like that..

 

[George P Burdell]

Originally posted by: goku
Where did the notion that KBB became the be all, end all guide on a car's worth? How did it come to a conclusion that a car loses like 25% of it's value after leaving the dealership's lot? Where did it come up with these seemingly arbitrary values for a car's value after X number of years? I mean it doesn't even seem like they follow formula or anything like that..

Yes, now that you mention it, I'm sure Kelley and his homies just get drunk every month and pull those numbers out of their a$$

 

[MikeMike]

Originally posted by: goku
Where did the notion that KBB became the be all, end all guide on a car's worth? How did it come to a conclusion that a car loses like 25% of it's value after leaving the dealership's lot? Where did it come up with these seemingly arbitrary values for a car's value after X number of years? I mean it doesn't even seem like they follow formula or anything like that..

because...

and Blue Book is nice, but Black Book FTW!!!!!!!!

 

[HomeAppraiser]

N.A.D.A. Gold Book FTW!

 

[thomsbrain]

whether or not the car loses tons of value when you drive it off the lot depends on the car. if you drive a Honda Fit or Civic Si off the lot, the real-world value probably goes up.

but for most cars, i think the assumption is that if you need to sell when it is that new, there's either something wrong with it, or there's something wrong with you (and you're not to be trusted).

 

[MikeMike]

Originally posted by: HomeAppraiser
N.A.D.A. Gold Book FTW!

Gold Book?

i dont know of any dealers who go by gold book value.

 

[Imdmn04]

Pssst, you are just mad cuz your car aint worth jack sh!t in kbb.

 

[imported_goku]

Originally posted by: Imdmn04
Pssst, you are just mad cuz your car aint worth jack sh!t in kbb.

Meh.

 

[miri]

They overprice some cars, I remembered 2 years after I bought my Scion TC, the kbb value was more than what I paid brand new lol.

 

[thecritic]

Galves (sp) value is much more accurate, and that's what many dealerships go by for trade-in.

 

[miri]

Ok, I paid $15,945 for my Scion TC brand new 2.5 years ago

Here is how KBB values my car today with 20k miles

Trade in $16,400
Private party $17,485
Retail $18,830

How can my car be worth 2k more now that its 2.5 years old and has 20k miles on it??

 

[Cuhulainn]

Originally posted by: miri
Ok, I paid $15,945 for my Scion TC brand new 2.5 years ago

Here is how KBB values my car today with 20k miles

Trade in $16,400
Private party $17,485
Retail $18,830

How can my car be worth 2k more now that its 2.5 years old and has 20k miles on it??

:Q

That's more appreciation than I've seen out of my home! I'm going to start investing in Scions! Screw the stock market and real estate!

 

[PAB]

Originally posted by: goku
Where did the notion that KBB became the be all, end all guide on a car's worth? How did it come to a conclusion that a car loses like 25% of it's value after leaving the dealership's lot? Where did it come up with these seemingly arbitrary values for a car's value after X number of years? I mean it doesn't even seem like they follow formula or anything like that..

No idea.

KBB is without question, the most useless device ever made that have made dealers thousands of dollars.

I use it whenever I need to talk a clueless person or induhvidual into paying more for something than they should.

 

[PAB]

Originally posted by: MIKEMIKE

Originally posted by: HomeAppraiser
N.A.D.A. Gold Book FTW!

Gold Book?

i dont know of any dealers who go by gold book value.

I do.

Manheim Gold Book covers classics and collectibiles. However, books are refrence and not neccessarily indicicative of actual wholesale/retail valuations.