They know this industry shifts and changes quickly, and with all the updates and edits demanded for KBB, it's just not feasible for a website to keep up with those changes.ĭealers and buyers don't take it seriously
So while you received a high quote that you’re okay with, if you were to take your bike to the dealer and get a lower offer, referencing the Kelley Blue Book price will have dealers and other buyers shaking their head at you. That means, there are periods of time in which you’ll get a certain quote for your vehicle, but the site has yet to adjust to the current industry and marketplace. While Kelley Blue Book tried to make sure that all the information on their site it up-to-date and relevant to the current marketplace, no on can be perfect. If a vehicle hasn't sold yet at an ASKING PRICE how can you possible use that as a basis for value?, you cant." At the end of the day KBB is averaging in current retail rates of vehicles n the market, which is significant flawed. "The Bottom Line KBB can be a decent general idea of where the value of your vehicle may fall but it does not take into account a multitude of factors. It is not without flaws and failed systems The real question to ponder over is "is Kelley Blue Book accurate?" or "is Kelley Blue Book realistic?" Whether you love or hate the number that Kelley Blue Book quotes for your vehicle, you need to first acknowledge that Kelley Blue Book isn’t all factual. One sign of its popularity: Roughly 20 million unique visitors per month log on to the Kelley Blue Book website.Īlthough automotive experts acknowledge that KBB is one of the most popular and trusted guides in automotive pricing, the question remains: Is it accurate and reliable? As consumers, we create our own "fictional truths." We know there’s an endless amount of popular things that exist for no valid reason, so do we critically look at these resources? Are they as flawless as we think? When buying or selling a used car, many people rely on the Kelley Blue Book (KBB). Since when did "popular" mean "accurate?"
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