Kelly Blue Book

What is Kelly Blue Book?

Founded in 1926, KBB is a reputable vehicle valuation and automotive research company. Created as a manual for automotive dealers, it quickly expanded to become a trusted consumer resource. Today, it's a critical guide that provides comprehensive data about the pricing of new and used cars, motorcycles, and even manufactured homes.

Kelly Blue Book provides a unique set of values for used vehicles, including retail value, private party value, and trade-in value, thus offering a well-rounded perspective on a car's worth. It remains one of the automotive industry's most accurate, trustworthy, and user-friendly tools.

How KBB Values Are Determined

KBB values are meticulously calculated using real-world transaction data and advanced analytics. The pricing guide considers numerous factors, such as make and model, year of production, overall condition, mileage, location, and current market conditions.

This robust approach results in a reliable, unbiased, comprehensive valuation that helps potential buyers or sellers understand a vehicle's market value. The KBB value is a reference point for negotiations and ensures a fair deal for all parties involved.

Why KBB Is the Industry Standard

Kelly Blue Book has established itself as the industry standard for several reasons. Its longevity in the market, comprehensive methodology, and constant updates to reflect current market trends all contribute to its standing.

Firstly, KBB provides an even playing field for buyers and sellers alike. When both parties have access to the same data, reaching a fair agreement is easier. This transparency not only bolsters the confidence of the buyer or seller but also creates an atmosphere of trust in the transaction.

Secondly, the user-friendly nature of KBB's online platform allows anyone to access information quickly. Users can input vehicle details and instantly receive an estimated market value.

Lastly, KBB's reputation for neutrality and reliability has been cemented over nearly a century in the automotive industry. This makes it a trusted resource for consumers and dealerships alike.

How Phil Long Dealerships Utilize KBB

At Phil Long Dealerships, we leverage the power of KBB valuations to offer fair and competitive pricing for our customers. Whether you're buying a used vehicle from our dealership or trading in your car, we use KBB's values to ensure that every transaction reflects the vehicle's actual market value.

Value Your Trade

By sticking to this industry standard, we can assure our customers that the price they're paying or receiving is accurate and fair. It's just one way we work to maintain transparency and trust in every interaction.

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In conclusion, when evaluating used cars in the U.S. automotive industry, Kelly Blue Book stands out as the trusted, reliable, and fair standard. Its dedication to providing accurate, up-to-date, and easy-to-understand car valuations makes it an invaluable tool for anyone navigating the used car market. At Phil Long Dealerships in Colorado Springs, Colorado, we're proud to align our practices with this industry standard, ensuring our customers always receive the best possible value.